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S.L. NUSBAUM REALTY CO. ANNOUNCES $12 MILLION IN COMPLETED TRANSACTIONS FOR NOVEMBER 2019

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

NORFOLK, VA – (December 2019) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $12 million in sales and lease volume on 142,790 square feet and approximately 11 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • InPwr, Inc. has leased 13,840 square feet of industrial space at 3559-63 Argonne Avenue in Norfolk, VA. Michael Myers handled the transaction.
  • Capstone ISG, Inc. has leased 3,717 square feet of office space at 4563 Lifestyle Lane in Midlothian, VA. Andrew Thacker represented the landlord.
  • Transitions Float RVA has leased 3,491 square feet of retail space in Sycamore Square Shopping Center at 1312 Sycamore Square in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
  • Beacon Hill Dance Academy has leased 2,370 square feet of retail space at Haynes Chippenham Plaza in Richmond, VA. Nathan Shor represented the landlord.
  • Fore Everyone Golf Center, Inc. has leased 2,280 square feet of retail space at Waterlick Plaza in Lynchburg, VA. Nathan Shor and David Kalman represented the landlord.
  • Domoishi has leased 1,545 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Fully Alive Personal Training and Health Studio has leased 1,500 square feet of retail space at 2236 General Booth Boulevard in Virginia Beach, VA. Seth Norman represented the tenant.
  • Kuey’s Garden has leased 1,150 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • New Richmond Investments LLC has leased 1,071 square feet of retail space at 1314 Hull Street in Richmond, VA. Zach Hernandez and Nathan Shor represented the landlord.
  • Hairess has leased 1,000 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Lolly’s Creamery has leased 900 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Phone Repair Guy has leased 630 square feet of retail space at Kempsville Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • P/Town BBQ has leased 600 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.
  • 2874 Ports, Inc. has leased 600 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.
  • Virginia Health Partners LLC has leased 585 square feet of office space in Churchland Professional Center at 3300 Tyre Neck Road, Suite F in Portsmouth, VA. Michael Myers handled the transaction.

SALE TRANSACTIONS:

  • JWN Properties, LLC has purchased a 9,026 square foot, Dollar General building on 2.53 acres located at 1035 Holiday Island Road in Hertford, NC from Glandon Forest Equity LLC for $1,450,000. Nathan Shor, Mike Zarpas and Chris Zarpas represented the buyer.
  • Capek Properties LLC has purchased a 6,000 square foot industrial building on .450 acre located at 5049 Midlothian Turnpike in Richmond, VA from Kayla, LLC for $412,000. Zach Brenner and Colin Williams represented the seller.
  • Shiloh Enterprise Properties LLC has purchased a 3,502 square foot multifamily property on .410 acre located at 2920 Chamberlayne Avenue in Richmond, VA from Shakanator 2 Properties LLC for $360,000. David T. Kalman represented the seller.
  • Allen & Allen Properties has purchased .609 acre of land located at 4809 West Broad Street in Richmond, VA from Jeffry F. & Susan M. Schoenbaum for $360,000. Colin Williams represented the seller.
  • SC-Garland Ave LLC has purchased a 1,971 square foot retail building on .071 acre at 1519 Hull Street in Richmond, VA from Three’s Company LLC for $65,000. Zach Hernandez represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Dick’s Sporting Goods has renewed its ground lease on 4.5 acres at Chesterfield Plaza Shopping Center in Chesterfield, VA. Jim Gresock and Alan Nordlinger represented the landlord.
  • Food Lion has extended its lease on 33,234 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • CHKD Thrift Store has exercised its option on 13,171 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • The Southside Woodshop, Inc. has renewed its lease on 5,526 square feet of industrial space at 2409-B Bowdens Ferry Road in Norfolk, VA. Michael Myers represented the landlord.
  • ABC Store has renewed its lease on 4,500 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler represented the landlord.
  • Count’s Hallmark has renewed its lease on 4,000 square feet of retail space at Short Pump Crossing Shopping Center at 3434 Pump Road in Henrico, VA. Bob Butcher represented the landlord.
  • Green Bean Contemporary Child’s Play has extended its lease on 3,935 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • SunTrust Bank has renewed its lease on 3,000 square feet of retail space in Sycamore Square Shopping Center at 1348 Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Hair Beauty has extended its lease on 2,800 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Aerocare Holdings, Inc. has expanded to 2,268 square feet of office space at 321 Ed Wright Lane in Newport News, VA. Ashley Bussey represented the tenant.
  • GameStop has extended its lease on 2,161 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • AOC Salon has exercised its option on 1,800 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Fruitive has extended its lease and expanded to 1,670 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Subway has extended its lease on 1,600 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Andrew S. Miller, O.D. has extended its lease on 1,500 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Sprint has extended its lease on 1,500 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Vivi Nails has renewed its lease on 1,457 square feet of retail space at Creighton Crossing Shopping Center in Mechanicsville, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Dreams Barber Shop has expanded to 1,200 square feet of retail space at College Park Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Swan Cleaners has extended its lease on 990 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Sabrina’s Salon has extended its lease on 700 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Burger King has extended its ground lease on 1.163 acre at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Wells Fargo Bank has renewed its ground lease on 1.044 acre located at Short Pump Crossing in Henrico, VA. Bob Butcher represented the landlord.

With over 114 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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