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S.L. NUSBAUM REALTY CO. ANNOUNCES $11 MILLION IN COMPLETED TRANSACTIONS FOR JUNE 2018

For Immediate Release
Contact: Susan Childress Corporate Marketing Director schildress@slnusbaum.com 7572826505
SL Nusbaum X Team

NORFOLK, VA – (July 2018) 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 87,198 square feet and approximately 488 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Finish Line Die Cutting, LLC has leased 11,956 square feet of industrial space located at 904-A W. Leigh Street in Richmond, VA. Reid Cardon represented the tenant.
  • Once Upon a Child has leased 6,057 square feet of retail space at the Crossroads at Chesapeake Square in Chesapeake, VA. Tommy Drew represented the tenant.
  • East Coast Gym has leased 3,960 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Cypress Saddlery has leased 3,500 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Fast Fit Body Sculpting has leased 3,250 square feet of retail space at Hilltop South Shopping Center in Virginia Beach, VA. Richard Jacobson and Sharon Swanberg represented the landlord.
  • Multra-Guard Security has leased 3,080 square feet of office space at Greenbrier Technology Center I in Chesapeake, VA. Pierce Jacobson represented the tenant.
  • Wild Birds Unlimited has leased 2,473 square feet of retail space at 2051 Sun Harbour Avenue in Suffolk, VA. Bill Overman, CCIM and John Wessling, CCIM represented the tenant.
  • Moe’s Southwest Grill has leased 2,400 square feet of retail space at The Shops at Lake Wright in Norfolk, VA. Chris Hucke and Neal Sadler represented the tenant.
  • Natalie’s Alteration Express has leased 2,400 square feet of retail space at Short Pump Crossing in Henrico, VA. Andrew Thacker represented the landlord.
  • OL 2 NU has leased 1,900 square feet of retail space at 327 Laskin Road in Virginia Beach, VA. Martin Murden represented the landlord.
  • Spartan Gyros LLC has leased 1,773 square feet of restaurant space located at 1347 Richmond Road in Williamsburg, VA. Janet Moore, CCIM represented the landlord.
  • Destin Pathways LLC has leased 1,800 square feet of office space at 3800 Poplar Hill Road in Chesapeake, VA. Seth Norman and Murray Rosenbach represented the landlord.
  • Metro PCS has leased 1,358 square feet of retail space on .51 acre located at 4222 E. Little Creek Road in Norfolk, VA. Mike Zarpas represented the landlord.
  • CFalls II, LLC has leased 1,220 square feet of retail space at Sliding Hill Corner in Ashland, VA. Bob Butcher and Andrew Thacker represented the landlord.
  • Piscator LLC has leased 1,200 square feet of retail space at 323 Laskin Road in Virginia Beach, VA. Martin Murden represented the landlord.
  • Ascend Health Adult Retreat has leased 1,100 square feet of retail space at Chesterfield Meadows South in Chesterfield, VA. Andrew Thacker represented the landlord.
  • Not Fade Away Gifts and Apparel has leased 918 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Glow Apothecary LLC has leased 475 square feet of retail space at 315 Laskin Road in Virginia Beach, VA. Martin Murden represented the landlord.

SALE TRANSACTIONS:

  • 85’ and Sunny, LLC has purchased the Hampton Lodge RV Park consisting of 480 acres located at 1631 Waterlily Road in Currituck, NC from Hampton Lodge Campground, LLC/BGP Properties, LLC for $4,000,000. Bill Overman, CCIM, Chris Zarpas and John Wessling, CCIM represented the seller.
  • Lincoln St, LLC has purchased a 9,800 square foot industrial building located on 1.586 acres at 620 Lincoln Street in Portsmouth, VA from BCR Properties, LLC for $866,960. Stephanie Sanker, CCIM, SIOR and Pierce Jacobson represented the seller.
  • Daniel Whitenack and Marc Lunenfield have purchased a 4,441 square foot retail/office building on .38 acre located at 7453 Tidewater Drive in Norfolk, VA from Ben M. Willis for $540,000. Seth Norman and Martin Murden represented the seller.
  • Lex Enterprises LLC has purchased a 6 acre mobile home park located at 12284 Lovers Lane in Windsor, VA from Shiloh Drive Court, LLC for $507,500. Chris Devine and Ross Weinstein, J.D. represented the seller.
  • Tong Qiang LU has purchased a 2,000 square foot commercial building on .38 acre located at 1126 George Washington Memorial Highway in York County, VA from Michaelina S. Barton and Calvin C. Barton for $300,000. Janet Moore, CCIM represented the seller.
  • Ubaldo Lopez has purchased an 864 square foot retail property located at 6314 Rigsby Road in Henrico, VA from Nhun Hong Nguyen for $195,000. Elliot Warsof represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • com has renewed its lease on 6,000 square feet of industrial space located at 5780-C Arrowhead Drive in Virginia Beach, VA. Michael Myers represented the landlord and Seth Norman represented the tenant.
  • Averitt Express, Inc. has expanded its industrial yard space by .23 acre at 3015 Airline Boulevard in Portsmouth, VA. Michael Myers represented the landlord.
  • Massage Envy has extended its lease on 4,195 square feet of retail space at the Wells Fargo Center in Norfolk, VA. Richard Jacobson and Sharon Swanberg represented the landlord.
  • SoHo Lashes has relocated and extended its lease on 1,927 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Jackson Hewitt 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.
  • Adele Diamonds has exercised its option on 1,632 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Good Feet has renewed its lease on 1,265 square feet of retail space at Short Pump Corner in Glen Allen, VA. Bob Butcher and Andrew Thacker represented the landlord.
  • Hair Cuttery has extended its lease on 1,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Top Tailor has extended its lease on 824 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Cotten and 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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