NORFOLK, VA – (December 2017) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $8.2 million in sales and lease volume on 111,353 square feet and 7.34 acres for the Norfolk and Richmond Offices:
NEW LEASES:
- Sweetie Boy Fab Workz, Inc. has leased 5,432 square feet of retail space at 8805 Metro Court, North Chesterfield, VA. Elliot Warsof represented the tenant.
- Wayne’s Outlet has leased 5,000 square feet of retail space at 5650 E. Virginia Beach Boulevard in Norfolk, VA. Seth Norman and Michael Gurley represented the landlord.
- The Sparc Initiative has leased 3,245 square feet of retail space at 147 N. Main Street in Suffolk, VA. Sam Rapoport represented the landlord.
- Grindstone Gym, LLC has leased 3,040 square feet of retail/flex space at 205 Pennsylvania Avenue in Virginia Beach, VA. Seth Norman and John M. Profilet, SIOR represented the landlord and J.C. Wynkoop represented the tenant.
- Dynamic Taekwondo has leased 3,000 square feet of retail space at Chesterfield Meadows Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
- Domino’s has leased 2,699 square feet of retail space at the Shops at University Village in Norfolk, VA. Murray Rosenbach represented the landlord.
- Pastor Calixto Joao Said has leased 2,677 square feet of retail space at 3611 Mayland Drive in Henrico, VA. Andrew Thacker represented the tenant.
- Sally Beauty Supply has leased 2,500 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Frontier Building Corporation has leased 2,500 square feet of office space at 109 Currituck Drive in Moyock, NC. Chris Devine represented the landlord.
- Scoop, LLC has leased 2,440 square feet of retail space at 403 Strawberry Street in Richmond, VA. Elliot Warsof represented the tenant.
- AR Workshop has leased 2,150 square feet of office space at 313 Laskin Road in Virginia Beach, VA. Martin Murden represented the landlord.
- Chulo has leased 1,960 square feet of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
- Crestwood Technology Group Corporation has leased 1,800 square feet of office space at 109 Currituck Drive in Moyock, NC. Chris Devine represented the landlord.
- Smokers Gift has leased 1,600 square feet of retail space at Waterlick Plaza Shopping Center in Lynchburg, VA. Nathan Shor represented the landlord.
- Edible Arrangements has leased 1,500 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
- Salon 10 So Simple has leased 1,125 square feet of retail space at the Shoppes at Indian River in Chesapeake, VA. Pierce Jacobson and John Wessling, CCIM represented the landlord.
- Alloy & Stainless Fasteners, Inc. has leased 1,000 square feet of office/industrial space at 5312 Virginia Beach Boulevard in Virginia Beach, VA. Ashley Bussey represented the tenant.
- Robert M. Lotrecchianno and Kristine Christoff has leased 868 square feet of office space at 1492 S. Independence Boulevard in Virginia Beach, VA. Martin Murden represented the tenant.
- Serder Erdogan has leased 622 square feet of office space at JANAF Office Building in Norfolk, VA. Seth Norman represented the landlord.
- Verizon Wireless has leased antenna roof space at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
SALE TRANSACTIONS:
- Viking 529 LLC has purchased a 24,319 square foot general commercial building on 4.99 acres located at 529 Viking Drive in Virginia Beach, VA from V Milcom Inc. for $2,050,000. Martin Murden, Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
- Right way property llc has purchased a 10,106 square foot Rite Aid store located in Raceway Plaza at 502 Laburnum Avenue in Henrico County, VA from WB Enterprises, LLC for $1,307,250. Nathan Shor represented the seller.
- Michael R. Gingerich, LLC has purchased a 12,000 square foot industrial building on 1.09 acre located at 512 Central Drive in Virginia Beach, VA from Southeastern Virginia Properties. LLC for $830,000. Cheyney Cole represented the buyer.
- Terminal Network Solution II, LLC has purchased a 5,000 square foot industrial building on 1.26 acre located at 3032 Gum Court in Chesapeake, VA from Dorothy M. Copeland for $460,000. Michael Zarpas represented the buyer.
LEASE RENEWALS/EXTENSIONS/EXPANSIONS:
- Klassy Kuts has relocated into 2,400 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
- Mariner Finance has exercised its option on 1,800 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
- Patrick S. Yockey, PC has renewed and expanded its lease on 1,664 square feet of office space at 109 E. Main Street, Suites 400 and 405 in Norfolk, VA. Michael Myers handled the transaction.
- Domino’s Pizza, LLC has renewed its lease on 1,566 square feet of retail space at 426 Granby Street, Suite 1A in Norfolk, VA. Mike Zarpas represented the landlord.
- Stitch by Stitch has extended its lease on 1,375 square feet of retail space at Chesterfield Meadows Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
- Millennium Quality Styles has extended its lease on 1,329 square feet of retail space at Buckner Retail Center in Virginia Beach, VA. Chris Hucke represented the landlord.
- Smoker’s Express has extended its lease on 1,200 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
- Nail Mystique has extended its lease on 960 square feet of retail space at Chesterfield Meadows Shopping Center in Chesterfield, VA. Andrew Thacker represented the landlord.
- Maid to Sparkle has extended its lease on 955 square feet of office space at Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher represented the landlord.
- The Black Pelican has expanded into an additional 797 square feet of retail space at 1625 Ring Road in Chesapeake, VA. Chris Zarpas and Tommy Drew represented the landlord.
- Cricket Wireless has exercised its option on 750 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
With over 115 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping centers, apartment communities, office, industrial and investment properties throughout the Mid-Atlantic and Southeast.
