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

For Immediate Release
Contact: Susan Childress Corporate Marketing Director schildress@slnusbaum.com 757-282-6505
SL Nusbaum X Team

Norfolk, VA - (March, 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:

  • EIS, Inc. has leased 38,022 square feet of industrial space at 1157 Production Road, Spaces A-H, Section 5 in Norfolk, VA. Michael Myers and Andrew Myers handled the transaction.
  • Boaters Warehouse has leased 6,848 square feet of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Ninja Japanese Steakhouse has leased 6,278 square feet of retail space at Landstown Commons in Virginia Beach, VA. J.C. Wynkoop represented the tenant.
  • Batteries Plus has leased 2,500 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Stephan Gordon represented the landlord.
  • Weave Got It has leased 2,298 square feet of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Jimmy John's Gourmet Sandwiches has leased 1,728 square feet of retail space in University Shops at ODU. Michael Gurley represented the landlord and J.C. Wynkoop represented the tenant.
  • Red Berries Corp., trading as Red Apple Self-Serve Frozen Yogurt, has leased 1,500 square feet of retail space in The Shoppes at Bellgrade, Midlothian, VA.   Bob Butcher represented the landlord.
  • A.M. Hardwood LLC has leased 1,100 square feet of retail space in the Chesterfield Meadows South Shopping Center, Chesterfield, VA.  Peter Bunin represented the landlord.
  • Big Kahuna Café has leased 675 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • The Dojo Corporation has leased 1,400 square feet of retail space at Jefferson Shoppes in Newport News, VA. Tyler Jacobson and Bill Overman, CCIM represented the landlord.
  • Big Dreams Entertainment has leased 1,340 square feet of office space at 801 Eden Way in Chesapeake, VA. John Wessling, CCIM represented the landlord.
  • Martial Arts Studio has leased 1,200 square feet of retail space at Wythe Creek Shoppes in Hampton, VA. Bill Overman, CCIM and John Wessling, CCIM 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.

  SALES:

  • Joseph Mersel brokered the sale of the Two Bunch Palms Resort & Spa in Desert Hot Springs, CA, for $7,000,000.
  • 130 London Bridge LLC has purchased a 16,744 square foot office building located at 3630 S. Plaza Trail in Virginia Beach, VA from James Heffernan for $1,200,000. Chris Zarpas represented the buyer.
  • Elite Motors has purchased .689 acre and improvements at 1730 Virginia Beach Blvd. in Virginia Beach, VA for $375,000 from Southeastern Virginia Properties, LLC, a subsidiary of TowneBank. Mark B. Warlick, SIOR represented the seller and Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • 2 Victory LLC has purchased a 20,000 square foot industrial building located at 2 Victory Court in Portsmouth, VA from TNG Properties, LLC. Michael Myers represented the seller.

  LEASE RENEWAL/EXTENSIONS:

  • Off Broadway Shoes has extended their lease on 22,350 square feet of retail space at Loehmann's Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • CHKD Thrift Store has renewed their lease on 9,152 square feet of retail space at Thomas Corner Shoppes in Norfolk, VA. Murray Rosenbach represented the landlord.
  • Dollar General has renewed their lease on 8,470 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Family Dollar has extended their lease on 7,116 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Stephan Gordon represented the landlord.
  • Tropical Smoothie Café has extended their lease on 2,000 square feet of retail space at Little Tidewater in Norfolk, VA. Christopher Hucke represented the landlord.
  • Jackson Hewitt has extended their lease on 1,800 square feet of retail space at College Park Shopping Center in Virginia Beach, VA. Stephan Gordon represented the landlord.
  • All Nails has exercised their option on 1,230 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Stephan Gordon represented the landlord.
  • Cottage Lane has extended its lease on 1,036 square feet of retail space in the Sycamore Square Shopping Center, Midlothian, VA.  Bob Butcher represented the landlord.
  • Cross Cutters has renewed their lease on 1,000 square feet of retail space at Millwood Plaza in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Merle Norman has renewed their lease on 1,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Stephan Gordon represented the landlord.
  • Clare's Nails has extended its lease on 914 square feet of retail space in the Sycamore Square Shopping Center, Midlothian, VA.  Bob Butcher represented the landlord.
  • Cotton and Taylor Insurance has extended their lease on 630 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.

 

With over 112 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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