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S.L. Nusbaum Realty Co. Announces $10.4 Million in Completed Transactions for April 2016

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

Norfolk, VA - (May, 2016) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling $10.4 million in sales and lease volume on 293,531 square feet and 11.97 acres of land for the Norfolk and Richmond Offices:

NEW LEASES:

  • Excel Paving Corporation has leased 21,488 square feet of commercial space at 2043 Church Street in Norfolk, VA. Michael Myers represented the landlord.
  • Planned Furniture Promotions, LLC has leased 20,000 square feet of industrial space at 1569 Diamond Springs Road, Suite A in Virginia Beach, VA. Michael Myers represented the tenant.
  • Westminster Caterbury of Hampton Roads, Inc. has leased a 16,550 square foot parking lot located at 3139 Shore Drive in Virginia Beach, VA. Chris Zarpas and Seth Norman represented the tenant.
  • Montego Caribbean Grocery has leased 4,500 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Encompass Home Health of the Mid-Atlantic, LLC has leased 4,131 square feet of office space at 4715 Ironbound Road in Williamsburg, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
  • Utiliquest, LLC has leased 2,700 square feet of retail space at 6000 Incubator Road in Hampton, VA. Seth Norman represented the tenant.
  • Everling Coastal Farm, LLC has leased 1,800 square feet of industrial space at 2593 Quality Court in Virginia Beach, VA. Seth Norman represented the tenant.
  • Bottlecraft has leased 1,575 square feet of retail space at Hilltop East Shopping Center in Virginia Beach, VA. Neal Sadler and Chris Hucke represented the tenant.
  • Jimmy John's Gourmet Sandwiches has leased 1,515 square feet of retail space at 7813 Shore Drive, Suite A in Virginia Beach, VA. J.C. Wynkoop represented the tenant.
  • Insight Pest Solutions VB, LLC has leased 1,500 square feet of retail space at 1501 Technology Drive, Suite 102 in Chesapeake, VA. Bill Overman, CCIM and Martin Murden John Wessling, CCIM represented the tenant.
  • Labor Finders of Virginia, Inc. has leased 1,341 square feet of space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.
  • Vita Salon and Day Spa has leased 1,230 square feet of retail space at Kempsville Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • The Braid Lounge has leased 1,100 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Renewed Perspectives Counseling and Consulting, LLC has leased 625 square feet of office space at 3300 Tyre Neck Road, Suite G in Portsmouth, VA. Michael Myers represented the landlord. 

SALE TRANSACTIONS:

  • Clairmont Associates has purchased 9.30 acres of land located at 1050 W. Berkley Avenue in Norfolk, VA from the City of Norfolk for $2,318,700. Stephanie Sanker, CCIM, SIOR represented the buyer.
  • S.O. Realty, LLC has purchased a 10,706 square foot commercial building on .7119 acre located at 3181 Shore Drive in Virginia Beach, VA from P. Wesley Foster, Jr. Trustee, and George T. Eastment, III, Trustee for $1,600,000. Chris Zarpas represented the buyer.
  • Little Creek Storage, LLC has purchased a 14,760 square foot office building on 1.21 acres located at 801 W. Little Creek Road in Norfolk, VA from 801 W. Little Creek, LLC for $940,000. Michael Myers represented the seller.
  • Apple Tree Kids has purchased a 6,300 square foot office property located at 112 Bruton Court in Chesapeake VA from Star-Ida Properties, LLC for $820,000. Bill Overman, CCIM, John Wessling, CCIM and Chris Devine represented the buyer.
  • Restaurant Property Investors IV, LLC has purchased .75 acre located at 6975 George Washington Memorial Highway in Gloucester, VA from JRN, Inc. for $500,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer. 

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Total Distribution, Inc. has renewed its lease on 150,000 square feet of industrial space located at 3700 Village Avenue in Norfolk, VA. Michael Myers represented the landlord.
  • D2E Enterprise has renewed its lease on 7,250 square feet of industrial space at 1836 Elmwood Avenue in Norfolk, VA. Michael Myers handled the transaction.
  • JJ Haines & Company, Inc. has renewed its lease on 6,000 square feet of industrial space at 5780-C Arrowhead Drive in Virginia Beach, VA. Michael Myers handled the transaction.
  • Cary Reconstruction Company, LLC has renewed its lease on 4,000 square feet of industrial space at 524 Central Drive in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
  • Sundays Tanning has extended its lease on 2,400 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • National Optical has exercised its option on 1,980 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Sally's Beauty Supply has extended its lease on 1,800 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Rudy and Kelly has extended its lease on 1,400 square feet of retail space at Glenwood Square Shopping Center in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Jo's Cleaners has extended its lease on 1,400 square feet of retail space at Jefferson Shoppes in Newport News, VA. Neal Sadler represented the landlord.
  • Norfolk Florist has extended its lease on 1,200 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Inhale Yoga has renewed its lease on 1,100 square feet of retail space at Chesterfield Meadows Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
  • In8Chiropractic has extended its lease on 1,000 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
  • North End Pizza has extended its lease on 800 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Full Gospel True Mission Church has extended its lease on 750 square feet of retail space at Lynn Shores Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Cotten & Taylor has extended its lease on 630 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris 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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