S.L. Nusbaum Realty Co. Signs 10-Year Headquarters Lease Extension at 440 Monticello Avenue, Reinforcing Commitment to Downtown Norfolk

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NORFOLK, VA  (July 2026) – S.L. Nusbaum Realty Co., one of the Southeast and Mid-Atlantic’s leading full-service commercial and multifamily real estate firms, announced that it has executed a 10-year lease extension for its corporate headquarters at 440 Monticello Avenue in the heart of Downtown Norfolk.

The long-term renewal underscores the company’s continued investment in both the building and the broader Downtown Norfolk business district, where S.L. Nusbaum has maintained a strong presence for decades.

“We are proud to reaffirm our commitment to Downtown Norfolk and to 440 Monticello Avenue,” said Miles Leon, President of S.L. Nusbaum Realty Co. “This location has long served as a hub for our operations and a central point for connecting with our clients and partners throughout the region. Extending our lease reflects our confidence in the continued vitality, growth, and long-term future of Norfolk’s urban core.”

Located within one of Downtown’s most recognizable office properties, S.L. Nusbaum Realty Co.’s headquarters plays a key role in supporting the firm’s property management, development, and brokerage advisory services throughout Virginia and beyond.

City leaders welcomed the announcement as a strong signal of business confidence in the Downtown market.

“S.L. Nusbaum Realty Co.’s decision to extend its headquarters lease for another decade is a powerful endorsement of Downtown Norfolk,” said Sean Washington, Director of Economic Development, City of Norfolk. “Their continued presence at 440 Monticello Avenue highlights the strength of our business community and reinforces Norfolk’s position as a dynamic economic center. We are proud to partner with organizations like S.L. Nusbaum that invest in our city’s future.”

The extension comes at a time when Downtown Norfolk continues to see steady momentum driven by a mix of office, residential, retail, and entertainment uses, creating a vibrant, mixed-use environment.

S.L. Nusbaum Realty Co. has been a cornerstone of the region’s commercial real estate industry for more than a century, with deep roots in Hampton Roads and a longstanding record of community and economic engagement.

Stephanie Sanker, CCIM, SIOR, Senior Vice President, Partner, S.L. Nusbaum Realty Co., represented the landlord.

For more information on this transaction or additional leasing opportunities, please contact Stephanie at ssanker@slnusbaum.com, 757.620.2290 (direct), 757.627.8611 (main).