S.L. Nusbaum Realty Co. Announces Completed Transactions for March 2012


For Immediate Release

Contact: Susan Childress
Corporate Marketing Director
757.282.6505
schildress@slnusbaum.com

Norfolk, VA - (April 2012) -  S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions for the Norfolk and Richmond Offices:

NEW LEASES:

  • O'Reilly Automotive Stores, Inc. has leased 7,810 square feet of retail space at Meadowbrook Shopping Center in Norfolk, VA.  Tommy Drew, John Litz and Andrew Myers handled the transaction.
  • Changing Lives Martial Arts has leased 3,600 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Highway 55 Burgers, Shakes & Fries has leased 3,000 square feet of retail space at Great Neck Village in Virginia Beach, VA. Tommy Drew represented the landlord.
  • Workplace Solutions has leased 2,500 square feet of office/flex space at 317 Village Avenue, Virginia Beach, VA. Chris Zarpas represented the landlord and tenant.
  • Total Nutrition has leased 2,400 square feet of retail space at Holland Windsor Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Virginia Democratic Party has leased 1,794 square feet of office space at 114 N. Main Street in Suffolk, VA.  Andrew Myers represented the landlord.
  • Metropolitan Mattress has leased 1,400 square feet of retail space at Jefferson Shoppes in Newport News, VA. Tyler Jacobson and Stephan Gordon represented the landlord.
  • Circle of Friends LLC leased 1,267 square feet of office space at 127 E. Washington Street in Suffolk, VA.  Andrew Myers represented the landlord.
  • Williamsburg Gold Buyers has leased 1,200 square feet of retail space at James York Plaza in Williamsburg, VA. Tyler Jacobson and Stephan Gordon represented the landlord.
  • Beauty Expo has leased 1,150 square feet of retail space at The Crossings at Deep Creek in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Dirty Secrets Catering/Restaurant, LLC leased 1,071 SF of retail space at 4206 Indian River Road in Chesapeake, VA.  Andrew Myers handled the transaction.
  • Tri City Florist has leased 1,000 square feet of retail space in the Sycamore Square Shopping Center in Midlothian, VA.  Bob Butcher represented the landlord.
  • Subway has leased an additional 750 square feet of retail space, for a total of 1,750 square feet, in the Chesterfield Meadows Shopping Center in Chesterfield, VA.  Peter Bunin represented the landlord.

  SALES:

  • JSK Motel Management, Inc. has purchased the TownePlace Suites located at 2000 Old Greenbrier Road in Chesapeake, VA from TOP27-Old Greenbrier Rd LLC for $3,830,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • Answering Service of Richmond, Inc. has purchased Unit 617 in Twin Ridge Office Condominium, containing 972 square feet, in Chesterfield, VA.  Bob Butcher represented the seller.

  LEASE RENEWAL/EXTENSIONS:

  • Shewel Furniture has extended its lease on 26,651 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • Wolf Creek Fabrication has renewed its lease on a 10,000 square foot office/warehouse building located at 115 Dill Road in Suffolk, VA. Michael Myers handled the transaction.
  • Innovate Architecture renewed its lease of 6,000 square feet of office space at 441 Washington Street in Portsmouth, VA.  Andrew Myers represented the landlord.
  • Wells Fargo Bank has exercised its option on a 1.14 acre ground lease at Monticello Marketplace in Williamsburg, VA. Stephan Gordon represented the landlord.
  • nTelos has extended its lease on 1,800 square feet of retail space at Hilltop North in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Gail's Bait & Tackle renewed its lease on 1,661 square feet of retail space at Millwood Plaza in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • TJ Nails has expanded into 1,500 square feet of retail space at Washington Square in Grafton, VA. Tyler Jacobson and Stephan Gordon represented the landlord.
  • Papa John's Pizza has extended its lease on 1,443 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • Advance America has extended its lease on 1,410 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • McCoy S. Moving Co. has renewed its lease on 1,450 square feet of industrial space at 2724 Sonic Drive in Virginia Beach, VA. Andrew Myers represented the landlord.
  • BR Framing has extended its lease on 1,125 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Tyler Jacobson and Stephan Gordon represented the landlord.
  • Marvelous Nails has exercised its option on 1,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Stephan Gordon represented the landlord.
  • Sandy's Alterations has extended its lease on 731 square feet of office space in the Sycamore Square Shopping Center, Midlothian, VA.  Bob Butcher represented the landlord.

With over 100 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides brokerage services to shopping center projects, apartment communities, office and industrial properties throughout Virginia, North Carolina, South Carolina, Georgia and Florida.

Headquartered in Norfolk and with an office in Richmond, VA, it is one of the largest commercial real estate firms in Virginia and currently manages over 5.3 million square feet of retail space, over 16,000 apartment units and 2 million square feet of office and industrial properties.

S.L. Nusbaum Realty Co. is proud to partner with X Team International. X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.

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