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Aronson Completes Sale of 10,932 SF Restaurant Property in Newport News, Virginia

For Immediate Release
Contact: Susan Childress schildress@slnusbaum.com 757.282.6505
SL Nusbaum X Team

Norfolk, VA - (February, 2010) - S. L. Nusbaum Realty Co. is pleased to announce the sale of a 10,932 SF free‐standing restaurant property located 11883 Jefferson Avenue in Newport News, Virginia to Bangliang, LLC for $1.7 million from Kempshire II, LLC. Doug Aronson, Vice President, was the sole agent in this transaction.

The property was previously occupied by Ryan's Steak house and most recently, Wok & Roll Chinese Restaurant.

The new owner will be transforming the property to a hibachi grill/buffet venue and plans a full renovation of the premises. The new restaurant is scheduled to open this Spring.

With over 111 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping center projects, apartment communities, office and industrial properties throughout the Mid-Atlantic.

 

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