S.L. Nusbaum Realty Co. Announces Completed Transactions For October 2014


NEW LEASES:

  • Partners in Dental Health has leased 2,700 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Avail Vapor has leased 2,500 square feet of retail space at Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
  • Benevolent Design Co. has leased 1,500 square feet of office space at 545-549 S. Birdneck Road in Virginia Beach, VA. Neal Sadler and Christopher Hucke represented the landlord.
  • Encompass Home Health Care of the Mid-Atlantic has leased 1,349 square feet of office space at Lee’s Hill Building One in Spotsylvania, VA. Nathan Shor represented the tenant.
  • MobileLink has leased 1,244 square feet of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • X-Clusive Inflatables has leased 1,200 square feet of flex space at 5111-A Witchduck Court in Virginia Beach, VA. Seth Norman represented the landlord.
  • Jack’s Jerseys has leased 1,200 square feet of flex space at 5113 Witchduck Court in Virginia Beach, VA. Seth Norman represented the landlord.
  • RPT Consulting, LLC has leased 1,021 square feet of office space at 1236 Jensen Drive in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Roost Flowers has leased 788 square feet of retail space at 501 Virginia Beach Blvd., Suite D, in Virginia Beach, VA. Cheyney Cole represented the landlord.
  • Cricket Wireless has leased 750 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Christopher Hucke represented the landlord.

SALE TRANSACTIONS

  • Frieda Perlow Agreement of Trust has purchased The Shoppes at College Park, a 106,000 square foot shopping center located in Farmville, VA from Farmville Partners, LLC for $8,750,000. Nathan Shor represented the seller.
  • PRG Investment Equities, LP has purchased a .8 acre outparcel located at 3334 Virginia Beach Blvd. in Virginia Beach, VA from Percy A. Brill Family Trust for $2,000,000. Andrew Nusbaum and Matthew Nusbaum represented the seller.
  • Restaurant Property Investors II has purchased 2 acres of land located at Westchester Commons in Chesterfield, VA for $1,200,000 from Zaremba Metropolitan Midlothian for $1,200,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • Gordinitch Properties, LLC has purchased a 22,689 square foot industrial building located at 721 E. 25th Street in Norfolk, VA from SPEC P.I., LLC for $540,000. Stephanie Sanker, CCIM, Bill Overman, CCIM and John Wessling, CCIM represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • LifeNet Health has expanded its premises by 9,067 square feet for a total of 40,701 square feet of industrial space and extended its lease at 5733 Bayside Road in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Goodwill of VA has expanded into 12,830 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • Vinyl Daze has expanded into 2,844 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Borjo Coffeehouse has extended its lease on 2,000 square feet of retail space at the University Village-ODU in Norfolk, VA. Murray Rosenbach represented the landlord.
  • Jackson Hewitt has extended its lease on 1,800 square feet of retail space at College Park Square I in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Float First has extended its lease on 1,600 square feet of retail space at Towne Place of Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Subway has extended its lease on 1,600 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Bellgrade Dry Cleaners has extended its lease on 1,500 square feet of retail space at The Shoppes at Bellgrade in Midlothian, VA. Bob Butcher represented the landlord.
  • H2O to Go has extended its lease on 1,500 square feet of retail space at Millwood Plaza in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • LT Nails has extended its lease on 900 square feet of retail space at Short Pump Crossing Shopping Center in Richmond, VA. Bob Butcher represented the landlord.
  • TM Sewing has extended its lease on 624 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Everyday Accessories has extended its lease on 600 square feet of retail space at Roanoke Rapids Shopping Center in Roanoke Rapids, NC. Michael Gurley 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.

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