S.L. Nusbaum Realty Co. Announces Completed Transactions for March 2014

NEW LEASES:

• The City of Suffolk has leased 23,360 square feet of office space at 100 N. Main Street in Suffolk, VA. Michael Zarpas and Stephanie Sanker, CCIM, SIOR represented the landlord.
• Brothers Rental, LLC has leased 4,718 square feet of retail space at Raceway Plaza Shopping Center in Richmond, VA. Nathan A. Shor represented the landlord.
• Isabella’s Bistro & Salumeria has leased 3,125 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
• Dollar Delight has leased 2,800 square feet of retail space at Jefferson Shoppes in Newport News, VA. Neal Sadler represented the landlord.
• Minute Loan Center has leased 2,107 square feet of retail space at 2104 Franklin Avenue in New Orleans, LA. Chris Zarpas represented the tenant.
• Bunting Capital Management has leased 1,933 square feet of office space in the Wells Fargo Center in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
• Marcos Pizza has leased 1,550 square feet of retail space at 3030 Virginia Beach Boulevard in Virginia Beach, VA. Michael Zarpas represented the landlord.
• Field Martial Arts Academy has leased 1,540 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
• U.S. Navy Recruiting has leased 1,400 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
• Little Caesars Pizza has leased 1,200 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
• Just Because Gifts has leased 900 square feet of retail space at the Shoppes at College Park in Farmville, VA. Nathan A. Shor represented the landlord.
• U.S. Navy Recruiting has leased 900 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
• Nimbus Vapes has leased 750 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.

SALE TRANSACTIONS

• Automotive Resource Development Group, LLC has purchased a 28,380 square foot auto dealership on 6.11 acres located at 6440 N. Military Highway in Norfolk, VA from Galloway Enterprises, LLC for $2,800,000. Jerry Adams represented the seller.
• 33^rd Street, LLC has purchased a 22,078 square foot office building from Stanton Beach Tower Corp. for $2,355,000. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
• Commercial Real Estate Services, LLC has purchased an 18,370 square foot retail building located at 3838 Virginia Beach Blvd. in Virginia Beach, VA from Flomeyers Associates, LLC for $1,115,000. John Profilet, SIOR represented the seller.
• Retail at the Hofflin, LLC has purchased a 2,144 square foot commercial building located at 426 Granby Street in Norfolk, VA from Evans & Bryant, PLC for $271,000. Michael Zarpas represented the buyer.
• KDD Enterprises, LLC has purchased a 3,021 square foot office building located at 12617 Wilfong Drive in Midlothian, VA from EOR, LLC for $160,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
• MIN Corporation has purchased Zelick’s Café & Catering (business only) located at 101 W. Main Street in Norfolk, VA from Zelicks, LLC. Ross A. Weinstein, Esq. represented the seller.

LEASE RENEWAL/EXTENSIONS:

• Kempsville Building Supply has extended its lease on 40,000 square feet of industrial space at 1112 Cavalier Boulevard in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
• Dollar Tree Stores has renewed its lease on 16,229 square feet of retail space at Waterlick Plaza Shopping Center in Lynchburg, VA. Nathan A. Shor represented the landlord.
• MBM Investments has extended its lease on 12,220 square feet of retail space at 4730 Portsmouth Boulevard in Portsmouth, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
• Jon M. Babineau has renewed its lease on 2,117 square feet of office space at 109 E. Main Street, Suite 413 in Norfolk, VA. Michael Myers handled the transaction.
• Hershey Creamery Company has renewed its lease on 3,340 square feet of warehouse space at 1926 Wilroy Road, Suite A in Suffolk, VA. Michael Myers represented the tenant.
• Payless ShoeSource has extended its lease on 3,188 square feet of retail space at Hilltop North in Virginia Beach, VA. Richard Jacobson represented the landlord.
• Grape & Gourmet has extended its lease on 3,000 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
• Hot House Yoga has renewed its lease on 2,750 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
• Trinity Christian Book Store has extended its lease on 1,500 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
• GameStop has extended its lease on 1,200 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
• Hair Cuttery has extended its lease on 1,200 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
• Pandora’s Posies has renewed its lease on 1,000 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
• Commonwealth Employee Benefit Solutions, Inc. has renewed its lease on 920 square feet of office space at 3300 Tyre Neck Road in Portsmouth, VA. Michael Myers handled the transaction.
• Jackson Hewitt has extended its lease on 750 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
• Cotten & Taylor Insurance has extended its lease on 630 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.