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S.L. Nusbaum Realty Co. Announces $12.3 Million in Sales and Lease Volume for January 2016

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

Norfolk, VA - (February, 2016) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $12.3 million in sales and lease volume on 198,388 square feet and 19.13 acres of land for the Norfolk and Richmond offices:

NEW LEASES:

  • American Freight of VA has leased 35,364 square feet of warehouse space at 4498 Electric Road in Roanoke, VA. Nathan Shor represented the landlord.
  • d'Art Center has leased 10,992 square feet of office space at 740 Duke Street in Norfolk, VA. Michael Myers represented the landlord.
  • Stage Right Lighting has leased 9,100 square feet of office/warehouse space at 513 Viking Drive in Virginia Beach, VA. John M. Profilet, SIOR represented the landlord.
  • Meadows CMPG, Inc. has leased 6,600 square feet of commercial space at 2109-2111 Granby Street in Norfolk, VA. Mike Zarpas represented the landlord.
  • Moe's Southwest Grill has leased 2,700 square feet of retail space at Coliseum Crossing in Hampton, VA. J.C. Wynkoop represented the tenant.
  • Tokyo Express has leased 2,000 square feet of retail space at Center Stage@Lumberton in Lumberton, NC. Nathan Shor represented the landlord.
  • La Pena Horeb Spanish Restaurant has leased 1,900 square feet of retail space at Warwick Denbigh Shopping Center in Newport News, VA. Neal Sadler represented the landlord.
  • Tattoo Skills has leased 1,875 square feet at Dam Neck Square in Virginia Beach, VA. Bill Overman, CCIM, John Wessling, CCIM and Martin Murden represented the tenant.
  • Jersey Mike's has leased 1,650 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • CFS of Hampton Roads, LLC has leased 1,500 square feet of retail space at 4429 Shore Drive in Virginia Beach, VA. Seth Norman represented the landlord.
  • Elite Blades Barber Shop has leased 1,400 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
  • Browns View, LLC has leased 1,200 square feet of flex space at 5109 Witchduck Court in Virginia Beach, VA. Seth Norman represented the landlord.
  • Better View Windows and More, LLC has leased 1,100 square feet of office/warehouse space at 1393 London Bridge Road in Virginia Beach, VA. Ashley Bussey represented the tenant.
  • Jimmy John's has leased 957 square feet of retail space at 205 34th Street in Virginia Beach, VA. J.C. Wynkoop represented the tenant.
  • Navis Energy Management Solutions, LLC has leased 943 square feet of office space at 500 E. Plume Street in Norfolk, VA. Ashley Bussey represented the tenant.
  • Cardiac Concepts, LLC has leased 930 square feet of office space at JANAF Office Building in Norfolk, VA. Seth Norman represented the landlord.
  • SoHo Lashes has leased 913 square feet of retail space at Hilltop West Executive Center in Virginia Beach, VA. Murray Rosenbach represented the tenant.

SALE TRANSACTIONS:

  • Hamptons at Noble, L.P. has purchased 10.97 acres of land located at Lot 3 on Noble Way in Fredericksburg, VA from Noble Auto Park, LLC for $3,800,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • KSMA Suffolk Properties, LLC has purchased Towne Square, a 40,995 square foot shopping center on 6.74 acres located at 557-571 E. Constance Road in Suffolk, VA from ZWay III, LLC for $1,200,000. Mike Zarpas represented the seller and Bill Overman, CCIM, John Wessling, CCIM, Chris Devine and Chris Zarpas represented the buyer.
  • Goodwill of Central and Coastal Virginia, Inc. has purchased 1.42 acres of land located at 3201 and 3225 High Street in Portsmouth, VA from TowneBank for $950,000. Michael Myers represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Dollar Tree has exercised its option of 24,490 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
  • Family Dollar has extended its lease on 8,385 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
  • Dollar General has extended its lease on 8,244 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler represented the landlord.
  • Hobbytown USA has extended its lease on 7,200 square feet of retail space at Loehmann's Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Baker's Fine Jewelry and Gifts has extended its lease on 3,548 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Hershey Creamery Co. has renewed its lease on 3,430 square feet of industrial space at 1926 Wilroy Road, Suite A, in Suffolk, VA. Michael Myers represented the tenant.
  • Escape Massage has extended its lease on 2,400 square feet of retail space at Short Pump Crossing in Henrico, VA. Bob Butcher represented the landlord.
  • The Bagel Baker has exercised its option on 2,000 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Asian Massage Studio has exercised its option on 1,796 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Inaka Sushi Bar and Hibachi Grill has extended its lease on 1,680 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Zero's Subs has extended its lease on 1,637 square feet of retail space at ODU University Village in Norfolk, VA. Murray Rosenbach represented the landlord.
  • Q Cleaners has extended its lease on 1,400 square feet of retail space at The Crossing at Deep Creek in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • New Wave Wireless 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.
  • New China Restaurant has extended its lease on 1,200 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • U.S. Nails has renewed its lease on 1,200 square feet of retail space at Jefferson Shoppes Shopping Center in Newport News, VA. Neal Sadler represented the landlord.
  • Clippers has extended its lease on 1,125 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Suffolk BBQ has extended its lease on 1,100 square feet of retail space at Suffolk Village Shopping Center in Suffolk, VA. Christopher Hucke represented the landlord.
  • Jackson Hewitt has extended its lease on 1,080 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Christopher Hucke represented the landlord.
  • Allstate has extended its lease 700 square feet of retail space at Great Neck Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
  • James York Shoe Repair has extended its lease on 630 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler represented the landlord.
  • TM Sewing has extended its lease on 624 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson 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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