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

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

Norfolk, VA - (January, 2011) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions for the Norfolk and Richmond Offices:

LEASES:

  • Sentara Healthcare renewed its lease on 23,801 SF of office space at 1441 Crossways Boulevard in Chesapeake, VA. Mark B. Warlick, SIOR represented the tenant.
  • Northern Tool has leased 20,695 SF of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • The Heritage Natural Market has leased 17,505 SF of retail space at the Linkhorn Shoppes in Virginia Beach, VA. Michael Myers represented the tenant and Ron Rowe represented the landlord.
  • GMTI renewed it lease on 12,914 SF of office space at The Duke-Grace Building in Norfolk, VA. Mark B. Warlick, SIOR represented the landlord.
  • Rainbow Apparel has extended their lease on 6,225 SF and expanded into an additional 3,664 SF, for a total of 9,889 SF of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Buffalo Wild Wings Bar & Grill has leased 6,353 SF of retail space at The Wells Fargo Center in Norfolk, VA. J.C. Wynkoop represented the tenant and Richard Jacobson represented the landlord.
  • Sixty Four, LLC has leased 5,000 SF of retail space at Quarterpath Crossing in Williamsburg, VA. Stephan Gordon represented the landlord.
  • AFK Books, LLC has leased 4,662 SF of retail space at Bayside Shopping Center in Virginia Beach, VA. Michael Myers represented the tenant.
  • Leslie's PoolMart has leased 3,980 SF of retail space at Glenwood Square II in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • RGM Medical has leased 3,077 SF of medical office space at The Crossings at Deep Creek in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • BITE Restaurant and Catering has leased 2,774 SF of retail space at the Wells Fargo Center in Norfolk, VA. Richard Jacobson represented the landlord and tenant.
  • Soprano's Italian Bistro has leased 2,375 SF of retail space at Chesterfield Meadows Shopping Center in Chesterfield, VA. Peter Bunin represented the landlord.
  • Washington Square Laundromat has leased 2,182 SF of retail space at Washington Square in Grafton, VA. Lindsay Shook represented the landlord.
  • The Pizza Shop has leased 2,142 SF of retail space at Washington Square in Grafton, VA. Lindsay Shook represented the landlord.
  • Caramelo Bakery has leased 1,920 SF of retail space at Loehmann's Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Olive Olie has expanded into 1,875 SF of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Bobbi & Helen's School of Dance has extended their lease on 1,500 SF of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • CitiFinancial extended their lease on 1,500 SF of retail space at Loehmann's Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • G & S Beauty Supply has extended their lease on 1,425 SF of retail space at Colley Village in Norfolk, VA. Ron Rowe represented the landlord.
  • Nails Only has extended their lease on 1,425 SF of retail space at Colley Village in Norfolk, VA. Ron Rowe represented the landlord.
  • Deborah Womack State Farm Agent has renewed its lease on 1,250 SF of office space at 730 High Street in Portsmouth, VA. Mark B. Warlick, SIOR represented the landlord.
  • Savor the Olive has leased 1,236 SF of retail space at Hilltop North in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Subway has renewed their lease on 1,200 SF of retail space at James York Plaza in Williamsburg, VA. Lindsay Shook represented the landlord.
  • Hair Cuttery has extended their lease on 920 SF of retail space at Washington Square in Grafton, VA. Lindsay Shook represented the landlord.
  • Janie's Tailoring has leased 750 SF of retail space at Washington Square in Grafton, VA. Lindsay Shook represented the landlord.
  • James York Shoe Repair has leased 630 SF of retail space at James York Plaza in Williamsburg, VA. Lindsay Shook represented the landlord.
  • Professional Nails has extended their lease on 600 SF of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.

SALES:

  • Grand Furniture has purchased a 34,186 SF retail building at 5133 Virginia Beach Boulevard in Virginia Beach, VA for $3,685,000 from Winwood Properties, LLC. Katie Hotta, John Wessling, CCIM and Bill Overman, CCIM represented the buyer.
  • Bay Weasel Corp. has purchased a 14,400 SF industrial building located at 3742 Cook Boulevard in Chesapeake, VA from Sanmac Properties, LLC. Andrew Myers and Michael Myers represented the seller.
  • Thurston Ave Properties, LLC has purchased an 11,275 SF office/warehouse/showroom at 110 Gainsborough Circle in Chesapeake, VA from Steven and Rebecca Beasley for $1,250,000. Doug Aronson represented the seller.
  • Riverview Holdings, LLC has purchased a 3,634 SF office building located at 413 W. York Street in Norfolk, VA from The Estate of Robert Epstein for $250,000. Mark B. Warlick, SIOR represented the seller.
  • Tidewater Recreation, LLC, t/a The Quarterde, has purchased The Point Bar & Grill from Torpedo, Inc located at 1785 George Washington Memorial Hwy., Gloucester, VA. Ross A. Weinstein, Esq. 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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