S.L. Nusbaum Realty Co. Announces Completed Transactions – May 2013


NEW LEASES:

  • StarTek, Inc. has leased 41,280 square feet of retail space at Waterlick Plaza Shopping Center in Lynchburg, VA. Nathan Shor represented the landlord.
  • EOS Surfaces has leased 15,000 square feet of office/warehouse space at 701-B W. 24th Street in Norfolk, VA. Stephanie Sanker, CCIM, SIOR and Bill Overman, CCIM represented the tenant.
  • OBBCO Safety & Supply has leased 8,000 square feet of office/warehouse space at 663 Woodlake Drive in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Green Bean Contemporary Child Play has leased 3,935 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Saffron Indian Bistro has leased 3,386 square feet of retail space at the Wells Fargo Center in Norfolk, VA. Matthew Nusbaum, Rickey Jacobson and Sharon Swanberg represented the landlord and John Wessling, CCIM and Bill Overman, CCIM represented the tenant.
  • Montego Caribbean Grocery has leased 3,313 square feet of retail space at College Park Square II in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Gregory P. Jellenek, OD & Assoc., P.C. has leased 3,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Stephan Gordon and Tyler Jacobson represented the landlord.
  • Knowledge Info Systems has leased 2,700 square feet of office space at 2877 Guardian Lane in Virginia Beach, VA. John Wessling, CCIM and Bill Overman, CCIM represented the tenant.
  • 101 Mobility has leased 2,620 square feet of office/warehouse space at 1431 Air Rail Avenue in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
  • Martin’s Soul Food has leased 2,200 square feet of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Simon Lin has leased 1,953 square feet of retail space at Waterlick Plaza Shopping Center in Lynchburg, VA. Nathan Shor represented the landlord.
  • Sweet Frog has leased 1,800 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Hot Dog Café has leased 1,700 square feet of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Norton Capital Management has leased 1,398 square feet of office space at the Wells Fargo Center, Norfolk, VA. Mark B. Warlick, SIOR represented the landlord.
  • Gregory K. Pugh, P.C. has leased 1,340 square feet of retail space at 2404 Princess Anne Rd. in Virginia Beach, VA. Christopher Zarpas represented the landlord and tenant.
  • Lassiter & Associates Psychological Services leased 1,266 square feet of office space at 114 N. Main Street, Suite 102, Suffolk, VA. Andrew Myers handled the transaction.
  • Pigtails and Crewcuts has leased 1,200 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Stephan Gordon and Tyler Jacobson represented the landlord.
  • Rainbow Nail has leased 1,100 square feet of retail space at Suffolk Village in Suffolk, VA. Christopher Hucke represented the landlord.
  • International Marine & Industrial Applicators, Inc. has leased 1,040 square feet of retail space at 728 High Street in Portsmouth, VA. Christopher Zarpas & Mark B. Warlick, SIOR represented the landlord and tenant.
  • ABC Tobacco, Inc. has leased 675 square feet of retail space at OxBridge Square in Chesterfield, VA. Reid Cardon represented the tenant.

SALES TRANSACTIONS:

  • Lee Hall Plaza has purchased 1.804 acres located at 2212 Campostella Road in Chesapeake, VA from R & J Hotel Management, Inc. for $1,000,000. John Wessling, CCIM and Bill Overman, CCIM represented the seller.
  • JSK Motel Management has purchased the Magnuson Hotel located on 5.85 acres (formerly the Omni Hotel) in Newport News, VA from Long Gate Associates, LLC for $2,850,000. John Wessling, CCIM and Bill Overman, CCIM represented the buyer.

LEASE RENEWAL/EXTENSIONS:

  • Olive Ole has expanded its lease on 8,843 square feet of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Tazza Kitchen has extended its lease on 3,200 square feet of retail space at Short Pump Crossing in Richmond, VA. Bob Butcher represented the landlord.
  • PNC Bank has renewed its lease on 2,052 square feet of retail space at 2422 Princess Anne Road in Virginia Beach, VA. Christopher Zarpas represented the landlord and tenant.
  • Rudy & Kelly has renewed its lease on 1,400 square feet of retail space at Glenwood Square I in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • QW Alterations has renewed its lease on 1,100 square feet of retail space at College Park II in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Serenity Wellness and Day Spa has extended its lease on 1,064 square feet of retail space at Courtyard at Providence in Virginia Beach, VA.  Neal Sadler represented the landlord.
  • Leslie K. Diamond has renewed its lease on 400 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson 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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