S.L. NUSBAUM REALTY CO. ANNOUNCES $48 MILLION IN COMPLETED TRANSACTIONS FOR JUNE 2021

NORFOLK, VA (July 2021) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $48 million in sales and lease volume on 460,235 square feet and approximately 47 acres for the Norfolk and Richmond Offices:

NEW LEASES:

• Rolling Frito-Lay Sales, LP has leased 228,564 square feet of industrial space at 1200 Court Street in Portsmouth, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
• Cutlass Grille has leased 5,489 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
• Helping Hands Thrift Store has leased 5,000 square feet of retail space at 7028 George Washington Memorial Highway in Gloucester, VA. Chris Hucke represented the landlord.
• Fitness Vibes 757 has leased 3,771 square feet of retail space at Mattress Firm Plaza in Virginia Beach, VA. Chris Hucke represented the landlord.
• Mechanical Service Solutions Corporation has leased 3,600 square feet of flex space at Birdneck Business Center, Suite A117 in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
• Fresh Move Media LLC has leased 3,308 square feet of office space at 4191 Innslake Drive, Suite 118 in Glen Allen, VA. Tom Langston represented the tenant.
• Alliance Physical Therapy has leased 2,880 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
• Helping Hands Office/Storage has leased 2,800 square feet of retail space at 7040 George Washington Memorial Highway in Gloucester, VA. Chris Hucke represented the landlord.
• CP&O, LLC has leased 2,500 square feet of office space at 5360 Robin Hood Road in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
• Vernon E. O’Berry, Jr., D.D.S., P.C. has leased 2,240 square feet of office space at Sentara Fort Norfolk Plaza in Norfolk, VA. Ashley Bussey represented the landlord.
• Popeye’s has ground leased .75 acre of retail land on Rosser Avenue in Waynesboro, VA. Graham Sheridan, Nathan Shor and Zach Hernandez represented the tenant.
• Dollar Bank has ground leased .45 acre of retail land located at 4700 Virginia Beach Boulevard in Virginia Beach, VA. Mike Zarpas represented the landlord and Sam Rapoport represented the tenant.
• Mobiledumps LLC has leased 2,115 square feet of office space at 3425 W. Leigh Street in Richmond, VA. Austin Newman, SIOR represented the tenant.
• Mechanical Service Solutions Corporation has leased 1,800 square feet of flex space at Birdneck Business Center, Suite A110 in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
• Winsephone ER has leased 1,397 square feet of retail space at Monarch Way at ODU in Norfolk, VA. Maggie Spillane represented the landlord.
• The Mad Batter has leased 1,359 square feet of retail space at 149 N. Main Street in Suffolk, VA. Ben Leon and Sam Rapoport represented the landlord.
• Long and Foster has leased 1,100 square feet of retail space in The Shoppes Patriots Landing at 7410 Cooper Tavern Road, Quinton. VA. Andrew Thacker and Nathan Shor represented the landlord.
• Bainbridge Community Ministry has leased 883 square feet of office space in Oxbridge Square Shopping Center at 7206 Hull Street Road in N. Chesterfield, VA. Graham Sheridan and Nathan Shor represented the landlord.
• Savage Sheek, LLC has leased 624 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.

SALE TRANSACTIONS:

• Woodbridge Heights Associates, LLC has purchased a Red Lobster comprised of 7,024 square feet on 1.27 acres at 2544 Prince William Parkway in Woodbridge, VA from Johnson-Barrett and Associates, LLC for $6,215,000. Doug Aronson represented the buyer.
• Dumera Properties Two, LLC has purchased Bowles Farm Plaza, a 28,109 square foot retail center on 2.91 acres at 7500 Jackson Arch Drive in Hanover County, VA from HAMA II, LLC for $4,450,000.  Nathan A. Shor and David T. Kalman represented the seller.
• Brian Scrimpsher has purchased a 15,327 square foot retail property on 1.10 acres at 7494 W. Broad Street in Richmond, VA from Ross Square LLC for $2,225,000. Doug Tice represented the buyer.
• Margate Plaza, Inc. has purchased Dickey’s Barbecue Pit, a 2,881 square foot, freestanding building on .73 acre at 2070 Highway 71 in Marianna, FL from Hickory Properties, LLC for $1,461,538. Doug Aronson represented the seller.
• 1164 Azalea Garden Rd LLC has purchased a 40,000 square foot industrial property on 2.904 acres at 1164 Azalea Garden Road in Norfolk, VA from Richard A. Hart, Jr. and Cheryl Hart for $1,400,000. Pierce Jacobson and Mike Zarpas represented the seller.
• Emily & Russell Street LLC has purchased a 25-unit multifamily complex on 9.75 acres at Russell Lane and Emily Street in Elizabeth City, NC from Ashford Hollow, LLC for $1,400,000. Bill Overman, CCIM, John Wessling, CCIM and Chris Devine represented the seller.
• Andy McFie has purchased a mobile home park located on 2 acres at 7915 Woodall Road, 7921 Woodall Road and 7928 Redmond Road in Norfolk, VA from Duman, Inc. for $850,000. Chris Zarpas and Sam Rapoport represented the buyer.
• Albert N. and Diana H. Jensen Revocable Trust has purchased a 5,760 square foot industrial building located at 1265 Jensen Drive in Virginia Beach, VA from Bailey Parker, III for $725,000. Cheyney Cole, CCIM represented the buyer.
• K and A Builders, LLC has purchased 23.50 acres of land located at Rt. 58 and Suburban Drive in Suffolk, VA from 58 Suburban, LLC for $500,000. Mike Zarpas represented the seller.
• Stratford Landing, LLC has purchased a 3,200 square foot industrial condo located at 1620 Centerville Turnpike, Units 121-122 in Virginia Beach, VA from Jaburton, LLC for $368,000. Ben Leon represented the seller.
• 2000GBB LLC has purchased a 2,224 square foot office property located at 2000 General Booth Boulevard in Virginia Beach, VA from Hal W. Breedlove, Trustee and Lee Ann Hutcheson Breedlove, Trustee for $299,000. Sam Rapoport represented the seller.
• Sanan Ahmad has purchased a 3,106 square foot retail property on .24 acre located at 2917 S. Military Highway in Chesapeake, VA from Harold Gavaris Family Trust for $150,000. Mike Zarpas represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

• Accurate Courier Express, Inc. has renewed its lease on 16,276 square feet of industrial space at 3412 Inventors Road in Norfolk, VA. Michael Myers represented the landlord.
• Rite Aid has exercised its option on 10,010 square feet of retail space at Cape Henry Plaza Shopping Center in Virginia Beach, VA. Maggie Spillane and Neal Sadler represented the landlord.
• Taco Bell has exercised its option on a .45 acre outparcel at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
• Garrett’s Automotive LLC has renewed its lease on 4,700 square feet of industrial space on .471 acre at 707 Research Road, Richmond, VA. Elliot Warsof represented the landlord.
• Baker’s Fine Jewelry has extended its lease on 3,548 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
• 7-Eleven, Inc. has renewed its lease on 3,495 square feet of retail space at Wells Fargo Center Retail in Norfolk, VA. Sharon Swanberg represented the landlord.
• Precision Racing Technologies, LLC has renewed its lease on 3,000 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
• Quirks has extended its lease on 3,000 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
• Gustavo Muchado has extended its lease on 2,975 square feet at Regency Hilltop Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.
• Family Dollar has expanded by an additional 2,914 square feet of retail space at Church Street Crossing Shopping Center in Norfolk, VA Neal Sadler represented the landlord.
• Vinyl Daze has exercised its option on 2,844 square feet of retail space at Linkhorn Shoppes Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
• Tiger Martial Arts has extended its lease on 2,750 square feet of retail space at Suffolk Village Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
• Sunny Cleaners has renewed its lease on 2,600 square feet of retail space at Millwood Plaza Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
• Zest Labs has renewed its lease on 2,468 square feet of office space at 1801 E. Broad Street in Richmond, VA. Elliot Warsof represented the Landlord and Zach Hernandez represented the tenant.
• Tee It Up has renewed its lease on 2,346 square feet of retail space in The Shoppes at Bellgrade at 11400 W. Huguenot Road in Midlothian, VA. Bob Butcher represented the landlord.
• LaCucina Ristorante has renewed its lease on 2,000 square feet of retail space in The Shoppes at Bellgrade at 11400 W. Huguenot Road in Midlothian, VA. Bob Butcher represented the landlord.
• Weight Watchers has renewed its lease on 2,000 square feet of retail space in The Shoppes at Bellgrade at 11400 W. Huguenot Road in Midlothian, VA. Bob Butcher represented the landlord.
• Crestwood Technology Group has renewed its lease on 1,800 square feet of office space at 109 Currituck Commercial Drive in Elizabeth City, NC. Chris Devine represented the landlord.
• Geico has extended its lease on 1,540 square feet of retail space at Volvo Parkway Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
• Artistic Obsessions has renewed its lease on 1,400 square feet of retail space at 6102 Brashier Boulevard in Mechanicsville, VA. Andrew Thacker represented the landlord.
• Hunan Express has extended its lease on 1,344 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
• Cottage Lane has renewed its lease on 1,300 square feet of retail space in Sycamore Square Shopping Center at 1353 Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
• US Nails has extended its lease on 1,200 square feet of retail space at Jefferson Shoppes Shopping Center in Newport News, VA. Neal Sadler represented the landlord.
• Jackson Hewitt has extended its lease on 1,152 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
• Paden Cold Storage LLC has renewed its lease on 1,100 square feet of industrial space at 5400 Virginia Beach Boulevard in Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.
• Jody G has extended its lease on 1,020 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
• Xperience Robotics, Inc. has renewed its lease on 908 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Sam Rapoport and Stephanie Sanker, CCIM, SIOR represented the landlord and Ashley Bussey represented the tenant.
• James York Shoe Repair has extended its lease on 630 square feet of retail space in James York Plaza in Williamsburg, VA. Maggie Spillane and Neal Sadler represented the landlord.