S.L. Nusbaum Realty Co. Announces $67 Million in Completed Transactions for July 2024

NORFOLK, VA (August 2024) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $67 million in sales and lease volume on 398,130 square feet and approximately 34 acres for the Norfolk and Richmond Offices:

NEW LEASES:

AEX Group, Inc. has leased 7,500 square feet of industrial space at Arrowhead Commerce Center in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Pierce Jacobson represented the landlord.
Rainbow has leased 7,500 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
RK Chevrolet, Inc. has leased 5,000 square feet of industrial space at Arrowhead Commerce Center in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Pierce Jacobson represented the landlord.
KS Midlothian, LLC has leased 4,000 square feet of retail space at Village Marketplace located at 13118 Midlothian Turnpike in Chesterfield, VA. Carter Wells, Nathan Shor and Doug Aronson represented the landlord.
Atomic Wings has leased 2,143 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
Raw Fitness has leased 1,344 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
ZKUTS, LLC has leased 1,300 square feet of retail space at 8401 Staples Mill Road in Henrico, VA. Carter Wells represented the tenant.
Creative Hair Salon has leased 1,200 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Lindsay Bangel represented the landlord.
WeCare Community Services has leased 1,200 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
Cove Collective, Co. has leased 928 square feet of retail space at Gayton Crossing located at 9752 Gayton Road in Richmond, VA. Adam Shor, Andrew Thacker, Nathan Shor and Bob Butcher represented the landlord.
Town Autoplanet, LLC has leased 0.54 acre of land located at 4100 Missy Elliott Boulevard in Portsmouth, VA. Ben Leon represented the landlord.

SALE TRANSACTIONS:

Norfolk Princess Anne, LLC has purchased a 292,109 square foot industrial facility on 12.24 acres at 3321 E. Princess Anne Road in Norfolk, VA from 3321 Princess, LLC. for $34,897,500. Stephanie Sanker, CCIM, SIOR represented the seller.
Jefferson Street Partners II LLC has purchased a 16,560 square foot commercial property on 4.33 acres located at 915 N. Allen Avenue in Richmond, VA from Storyland Properties LLC for $9,000,000. Douglas O. Tice, III, CCIM represented the seller.
Mara Group, LLC has purchased an 18,726 square foot industrial facility on 3.56 acres located at 549 Progress Lane in Virginia Beach, VA from Progress Lane, LLC. for $3,300,000. Martin Murden and Chris Zarpas represented the seller and Pierce Jacobson represented the buyer.
1458 Mount Pleasant, LLC has purchased a 14,563 square foot retail property on 1.71 acres located at 1458 Mount Pleasant Road in Chesapeake, VA from JRFP, LLC. for $2,900,000. Chris Devine, Maggie Spillane, John Wessling, Sr., CCIM and Anthony Grecco represented the seller.
Storyland Properties, LLC has purchased a 5,154 square foot Royal Farms on 2.64 acres located at 6103 North Military Highway in Norfolk, VA from Granite Peak Property Investments, LP. for $2,610,000. Doug Aronson and Carter Wells of SLN Capital Markets represented the seller and Doug Aronson and Douglas O. Tice, III, CCIM represented the buyer.
Wen South, LLC has purchased a 3,069 square foot Wendy’s property on 1.02 acre located at 2530 Blanding Boulevard in Middleburg, FL from 2530 Blanding Boulevard Owner LLC. for $1,790,376. Doug Aronson of SLN Capital Markets represented the seller.
Storyland Properties, LLC has purchased a 2,176 square foot Valvoline property on 0.71 acre located at 1740 Sentinel Drive in Chesapeake, VA from Greenbrier Square Shoppes, LLC. for $1,775,000. Doug Aronson and Carter Wells of SLN Capital Markets represented the seller and Doug Aronson and Douglas O. Tice, III, CCIM represented the buyer.
Wen South, LLC has purchased a 2,995 square foot Wendy’s property on 1.51 acre located at 1110 Blanding Boulevard in Orange Park, FL from 1110 Blanding Boulevard Owner LLC. for $1,413,453. Doug Aronson of SLN Capital Markets represented the seller.
Wen South, LLC has purchased a 1,930 square foot Wendy’s property on 0.56 acre located at 753 Park Avenue in Orange Park, FL from 753 Park Street Owner LLC. for $1,413,453. Doug Aronson of SLN Capital Markets represented the seller.
Broadford Property LLC has purchased a 3,240 square foot retail property on 1.01 acre located at 13822 Village Place Drive in Midlothian, VA from Barsky Family Limited Partnership. for $1,200,000. Doug Aronson, and Carter Wells represented the seller and Nathan Shor and Claiborne Y. Brown represented the buyer.
LSmith Holdings LLC has purchased 1.27 acres located at Ladysmith Road in Ladysmith, VA from Wal-Mart Real Estate Business Trust. for $767,000. Andrew Thacker and Nathan Shor represented the buyer.
Yin Jiang has purchased a 2,590 square foot retail property on 0.26 acre located at 6040 E. Virginia Beach Boulevard in Norfolk, VA from Alice E. Baine Irrevocable Trust, Parker M. Baine, Jr. Trustee for $435,000. Doug Aronson of SLN Capital Markets represented the buyer and Chris Zarpas and Steve Weinstein represented the seller.
WEDG Acquisitions LLC/Dunkin has purchased a 5,229 square foot retail property on 2.13 acres located at 433 US Hwy 64 E Plymouth NC in Plymouth, NC from Atlantic Union Bank for $232,500. Andrew Thacker and Nathan Shor represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

Your Pie has exercised its option on 2,100 square feet of retail space at K&K Square Shopping Center in Norfolk, VA. Maggie Spillane represented the landlord.
Dragon Restaurant has extended its lease on 1,640 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Pierce Jacobson represented the landlord.
Muse Hair Salon has extended its lease on 1,400 square feet of retail space at Glenwood Square Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
Nation Nails II has extended its lease on 1,200 square feet of retail space at Wythe Creek Shoppes Shopping Center in Hampton, VA. Pierce Jacobson represented the landlord.
State Farm Insurance has renewed its lease on 1,200 square feet of retail space at Quarterpath Crossing Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
Not Fade Away has renewed its lease on 918 square feet of retail space at Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
Natale’s Alterations Express has renewed its lease on 900 square feet of retail space at Short Pump Crossing Shopping Center in Henrico, VA. Andrew Thacker and Bob Butcher represented the landlord.
Scents has extended its lease on 630 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.

S.L. Nusbaum Realty Co. Announces $67 Million in Completed Transactions for July 2024

NORFOLK, VA (August 2024) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $67 million in sales and lease volume on 398,130 square feet and approximately 34 acres for the Norfolk and Richmond Offices:

NEW LEASES:

AEX Group, Inc. has leased 7,500 square feet of industrial space at Arrowhead Commerce Center in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Pierce Jacobson represented the landlord.

Rainbow has leased 7,500 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.

RK Chevrolet, Inc. has leased 5,000 square feet of industrial space at Arrowhead Commerce Center in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Pierce Jacobson represented the landlord.

KS Midlothian, LLC has leased 4,000 square feet of retail space at Village Marketplace located at 13118 Midlothian Turnpike in Chesterfield, VA. Carter Wells, Nathan Shor and Doug Aronson represented the landlord.

Atomic Wings has leased 2,143 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.

Raw Fitness has leased 1,344 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.

ZKUTS, LLC has leased 1,300 square feet of retail space at 8401 Staples Mill Road in Henrico, VA. Carter Wells represented the tenant.

Creative Hair Salon has leased 1,200 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Lindsay Bangel represented the landlord.

WeCare Community Services has leased 1,200 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.

Cove Collective, Co. has leased 928 square feet of retail space at Gayton Crossing located at 9752 Gayton Road in Richmond, VA. Adam Shor, Andrew Thacker, Nathan Shor and Bob Butcher represented the landlord.

Town Autoplanet, LLC has leased 0.54 acre of land located at 4100 Missy Elliott Boulevard in Portsmouth, VA. Ben Leon represented the landlord.

SALE TRANSACTIONS:

Norfolk Princess Anne, LLC has purchased a 292,109 square foot industrial facility on 12.24 acres at 3321 E. Princess Anne Road in Norfolk, VA from 3321 Princess, LLC. for $34,897,500. Stephanie Sanker, CCIM, SIOR represented the seller.

Jefferson Street Partners II LLC has purchased a 16,560 square foot commercial property on 4.33 acres located at 915 N. Allen Avenue in Richmond, VA from Storyland Properties LLC for $9,000,000. Douglas O. Tice, III, CCIM represented the seller.

Mara Group, LLC has purchased an 18,726 square foot industrial facility on 3.56 acres located at 549 Progress Lane in Virginia Beach, VA from Progress Lane, LLC. for $3,300,000. Martin Murden and Chris Zarpas represented the seller and Pierce Jacobson represented the buyer.

1458 Mount Pleasant, LLC has purchased a 14,563 square foot retail property on 1.71 acres located at 1458 Mount Pleasant Road in Chesapeake, VA from JRFP, LLC. for $2,900,000. Chris Devine, Maggie Spillane, John Wessling, Sr., CCIM and Anthony Grecco represented the seller.

Wen South, LLC has purchased a 3,069 square foot Wendy’s property on 1.02 acre located at 2530 Blanding Boulevard in Middleburg, FL from 2530 Blanding Boulevard Owner LLC. for $1,790,376. Doug Aronson of SLN Capital Markets represented the seller.

Wen South, LLC has purchased a 2,995 square foot Wendy’s property on 1.51 acre located at 1110 Blanding Boulevard in Orange Park, FL from 1110 Blanding Boulevard Owner LLC. for $1,413,453. Doug Aronson of SLN Capital Markets represented the seller.

Wen South, LLC has purchased a 1,930 square foot Wendy’s property on 0.56 acre located at 753 Park Avenue in Orange Park, FL from 753 Park Street Owner LLC. for $1,413,453. Doug Aronson of SLN Capital Markets represented the seller.

LSmith Holdings LLC has purchased 1.27 acres located at Ladysmith Road in Ladysmith, VA from Wal-Mart Real Estate Business Trust. for $767,000. Andrew Thacker and Nathan Shor represented the buyer.

WEDG Acquisitions LLC/Dunkin has purchased a 5,229 square foot retail property on 2.13 acres located at 433 US Hwy 64 E Plymouth NC in Plymouth, NC from Atlantic Union Bank for $232,500. Andrew Thacker and Nathan Shor represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

Your Pie has exercised its option on 2,100 square feet of retail space at K&K Square Shopping Center in Norfolk, VA. Maggie Spillane represented the landlord.

Dragon Restaurant has extended its lease on 1,640 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Pierce Jacobson represented the landlord.

Muse Hair Salon has extended its lease on 1,400 square feet of retail space at Glenwood Square Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.

Nation Nails II has extended its lease on 1,200 square feet of retail space at Wythe Creek Shoppes Shopping Center in Hampton, VA. Pierce Jacobson represented the landlord.

State Farm Insurance has renewed its lease on 1,200 square feet of retail space at Quarterpath Crossing Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.

Not Fade Away has renewed its lease on 918 square feet of retail space at Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.

Natale’s Alterations Express has renewed its lease on 900 square feet of retail space at Short Pump Crossing Shopping Center in Henrico, VA. Andrew Thacker and Bob Butcher represented the landlord.

Scents has extended its lease on 630 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.

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