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S.L. NUSBAUM REALTY CO. ANNOUNCES $11 MILLION IN COMPLETED TRANSACTIONS FOR JANUARY 2019

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

NORFOLK, VA – (February 2019) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $11 million in sales and lease volume on 185,936 square feet and approximately 4 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Wayne’s Home has leased 14,500 square feet of retail space at Dollar Tree Center in Norfolk, VA. Mike Zarpas represented the landlord and Chris Devine and Seth Norman represented the tenant.
  • Stability for Life has leased 7,300 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Beauty World has leased 5,000 square feet of retail space at Suffolk Village Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Moncreif Amusement, Inc. has leased 4,000 square feet at 2012B Victory Boulevard in Portsmouth, VA. Chris Zarpas and Martin Murden represented the tenant.
  • CBD Emporium has leased 3,300 square feet of retail space at Birdneck Shopping Center in Virginia Beach, VA. Mike Zarpas represented the tenant.
  • Alfalfa Dreams, LLC has leased 3,045 square feet of retail space on .61 acre located at 221 W. Brookland Park Boulevard and 2923 Fendall Avenue in Richmond, VA. Graham Sheridan, Elliot Warsof and Zach Brenner represented the landlord.
  • Signal 88 Security of Hampton Roads has leased a 2,928 square foot industrial condominium located at 5127 Witchduck Road, Unit 103, in Virginia Beach, VA. Pierce Jacobson represented the landlord.
  • Boyette Enterprises, LLC has leased 2,300 square feet of retail space at 3852 Virginia Beach Boulevard, Unit B, in Virginia Beach, VA. Seth Norman represented the landlord.
  • LePosh Hair Salon has leased 2,000 square feet of retail space at Huguenot Village Shopping Center in Richmond, VA. Bob Butcher represented the landlord.
  • White Rose Nail Salon, LLC has leased 1,714 square feet of retail space at Midlothian Festival located at 9550 Midlothian Turnpike, Unit 114, in Richmond, VA. Elliot Warsof represented the tenant.
  • The Garden of Eden Health Center, PC has leased 1,700 square feet of medical office space at 9549 Amberdale Drive in N. Chesterfield, VA. Andrew Thacker represented the landlord.
  • IMA Evaluations, Inc. has leased 1,690 square feet of medical office space located at 3000 Coliseum Drive, Suite 201, in Hampton, VA. Ashley Bussey and John M. Profilet, SIOR represented the landlord.
  • Saladworks has leased 1,600 square feet of retail space in Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Enamour Mental Health and Wellness LLC, Rebecca's Heart LLC, and Resiliency Mental Health Services LLC has leased 1,400 square feet of office space at 426 E. Freemason Street in Norfolk, VA. Seth Norman represented the landlord.
  • Shree Ganesha, LLC has leased 1,143 square feet of retail space at Stonebridge located at 7000 Tim Price Way, #K-101, in Richmond, VA. Graham Sheridan and Nathan Shor represented the landlord.
  • Madison Blair Boutique has leased 841 square feet of retail space at Sycamore Square Shopping Center located at 1332 Sycamore Square in Midlothian, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Health Nut has leased 750 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.

SALE TRANSACTIONS:

  • RIO Broad, LLC has purchased a 7,390 square foot commercial building on 1.78 acre located at 7408 West Broad Street in Richmond, VA from TKEB, LLC for $1,313,000. Colin Williams, Zach Brenner and Nathan Shor represented the buyer.
  • T&J Properties of Northern Virginia LLC has purchased 1.71 acres of land located at 10131 Southpoint Parkway in Fredericksburg, VA from Southpoint II, LLC for $1,275,000. Elliot Warsof, represented the seller.
  • Bullpen Investments LLC has purchased a 7,200 square foot multifamily property located at 1138-1140 Shuford Avenue in Colonial Heights, VA from S&P Enterprises Inc. for $362,500. Zach Brenner, Colin Williams and Graham Sheridan represented the buyer.
  • Bamba & Nimaga Properties, LLC has purchased a 4,362 square foot retail building on .37 acre located at 220 E. Belt Boulevard in Richmond, VA from Demoz Properties, LLC for $190,000. Graham Sheridan and Colin Williams represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Rose’s has exercised its option on 63,000 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Golf Galaxy has extended its lease on 14,085 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Counts Hallmark has renewed its lease on 4,984 square feet of retail space in Chesterfield Meadows located at 6425 Centralia Road in Chesterfield, VA. Bob Butcher represented the landlord.
  • Pollard’s Chicken has extended its lease on 3,000 square feet of retail space at Buckner Retail Center in Virginia Beach, VA. Chris Hucke represented the landlord.
  • Simple On Shore has renewed its lease on 2,967 square feet of retail space at 3152 Shore Drive in Virginia Beach, VA. Seth Norman represented the landlord.
  • BB&T has extended its lease on 2,950 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Hot House Yoga has extended its lease on 2,750 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Winslow & McCurry, PLLC has renewed its lease on 2,626 square feet of office space at 1324 Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Southern Thermal Solutions, Inc. has renewed its lease on 2,375 square feet of industrial space at 1009 Scenic Parkway, Unit A, in Chesapeake, VA. Michael Myers represented the tenant.
  • L’Amour Nails and Spa has extended its lease on 2,000 square feet of retail space at The Shoppes at Bellgrade located at 11400 W. Huguenot Road in Midlothian, VA. Bob Butcher represented the landlord.
  • Milt Rawles State Farm Insurance Agency has renewed its lease on 1,983 square feet of office space at Courtyard at Providence in Virginia Beach, VA. Seth Norman represented the landlord.
  • Fur Frenzy has extended its lease on 1,500 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michel Gurley represented the landlord.
  • Festive Creations has renewed its lease on 871 square feet of office space at 1318 Sycamore Square in Midlothian, VA. Andrew Thacker represented the landlord.
  • Angel Nails has extended its lease on 750 square feet of retail space at Great Neck Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Flexi-Dent has renewed its lease on 697 square feet of office space at 1256 Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.

With over 113 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping centers, apartment communities, office, industrial and investment properties throughout the Mid-Atlantic and Southeast.

 

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