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S.L. Nusbaum Realty Co. Announces Completed Transactions for October 2010

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

Norfolk, VA - (November, 2010) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions:

LEASES:

  • Big Lots has extended their lease on 33,599 SF of retail space at Suffolk Plaza in Suffolk, VA. Ron Rowe represented the landlord.
  • Cash Converters has extended their lease on 5,600 SF of retail space at Holland Windsor Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Running Etc. has expanded into 5,000 SF of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Mattress Discounters has leased 4,504 SF of retail space at Marketplace Shoppes in Williamsburg, VA. Chris Hucke represented the tenant and Stephan Gordon represented the landlord.
  • Plaza Bakery has extended their lease on 3,000 SF of retail space at Regency Hilltop in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Bahama Mama Tanning has leased 1,875 SF of retail space at Washington Square Shopping Center in Yorktown, VA. Lindsay Shook represented the landlord.
  • Avenue 12 has leased 1,567 SF of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Salon Appearance has leased 1,480 SF of retail space at Greenbrier Village Shopping Center in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Hookah's Tea Room has leased 1,480 SF of retail space at Greenbrier Village Shopping Center in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Eileen K. Shannon, P.C. has leased 1,463 SF of office space at 426 Freemason Street in Norfolk, VA. Mark B. Warlick, SIOR represented the landlord.
  • Godhap Fitness has expanded into an additional 1,425 SF of retail space at Creekside Village in Suffolk, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • KT Nails has extended their lease on 1,286 SF of retail space at Linkhorn Shoppes in Virginia Beach, VA. Ron Rowe represented the landlord.
  • Cut, Curl or Dye has leased 1,276 SF of retail space at The Cascades in Virginia Beach, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Chiropractor - DeGiorgio has extended their lease on 1,245 SF of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Studio 1 has leased 1,200 SF of retail space at College Park Square in Virginia Beach, VA. Stephan Gordon represented the landlord.
  • Nail Image II has extended their lease on 1,200 SF of retail space at College Park Square in Virginia Beach, VA. Stephan Gordon represented the landlord.
  • Hair Cuttery has extended their lease on 1,200 SF of retail space at Holland Windsor Crossing in Virginia Beach, VA. Michael Gurley represented the landlord.
  • SunTrust Bank has renewed their ground lease at James York Plaza Shopping Center in Williamsburg, VA. Lindsay Shook represented the landlord.

SALES:

  • SLN 5100, LP has purchased 24.5 acres of land at 5100 Marshall Avenue in Newport News, VA from Correctional Services Corporation for $2.2 million. The site will be converted to 264 affordable apartment homes with Phase I construction of 144 units to begin March 1, 2011. Andrew Myers and Michael Myers represented both the buyer and the seller.
  • SP-Two Properties, LLC has purchased a 20-unit apartment building at 3725 Turnpike Road in Portsmouth, VA from Area Property Management, LLC for $1.3 million. Doug Aronson represented the seller.

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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