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S.L. Nusbaum Realty Co. Announces $21.5 Million in Sales and Lease Volume for September 2015

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

Norfolk, VA - (October, 2015) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions for the Norfolk and Richmond Offices totaling $21.5 million in sales and lease volume on 174,167 square feet and approximately 8.9 acres of land:

NEW LEASES:

  • Method Woodworking and Design, LLC has leased 14,040 square feet of industrial space at 1408 Roseneath Road in Richmond, VA. Nathan Shor represented the landlord. 
  • Revolution Fitness has leased 3,085 square feet of retail space at Warwick Village in Newport News, VA. Tyler Jacobson represented the landlord. 
  • GEICO has leased 3,060 square feet of retail space at 4381 Virginia Beach Boulevard in Virginia Beach, VA. Seth Norman represented the tenant. 
  • Stain Studio has leased 2,240 square feet of retail space at Hilltop South Shopping Center in Virginia Beach, VA. Richard Jacobson and Sharon Swanberg represented the landlord. 
  • Pariser Dermatology Specialists, LTD has leased 1,931 square feet of office space at 11842 Rock Landing Drive in Newport News, VA. John M. Profilet, SIOR represented the tenant. 
  • Impressive Tresses has leased 1,600 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord. 
  • Regal Nails has leased 1,500 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord. 
  • Boyce Capital Partners has leased 1,500 square feet of industrial space at 2503 58th Street in Hampton, VA. Seth Norman represented the landlord. 
  • Yo Mama Premium Frozen Yogurt has leased 1,397 square feet of retail space at University Village in Norfolk, VA. Murray Rosenbach represented the landlord. 
  • Computer Enterprises, Inc. has leased 1,200 square feet of office space at 1294 Diamond Springs Road in Virginia Beach, VA. Seth Norman represented the landlord. 
  • Discount Supplements has leased 1,200 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Murray Rosenbach represented the landlord. 
  • Artisan Body Piercing, LLC has leased 1,166 square feet of retail space at Military Square in Norfolk, VA. Mike Zarpas represented the landlord. 
  • Tayloe Court Reporting, LLC has leased 1,140 square feet of office space located at Crown Center, 580 E. Main Street in Norfolk, VA. Ashley Bussey represented the tenant. 
  • Lollar Law, PLLC has leased 1,062 square feet of office space at 109 E. Main Street, Suite 501 in Norfolk, VA. Michael Myers represented the landlord. 
  • Floral Designs Helga Macko, LLC has leased 1,000 square feet of retail space at 1440 N. Great Neck Road in Virginia Beach, VA. John M. Profilet, SIOR represented the landlord.
  • Phelps, LLC has leased 960 square feet of office space at Courtyard at Providence in Virginia Beach, VA. Seth Norman represented the landlord. 
  • Salon Gia has leased 800 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord. 
  • Community Options, LLC has leased 585 square feet of office space at 355 Crawford Street in Portsmouth, VA. John M. Profilet, SIOR represented the landlord. 

SALE TRANSACTIONS:

  • Sequoia Frankford Springs has purchased a 14,200 square foot Walgreens store located at 645 First Colonial Road in Virginia Beach, VA from Old Brandon First Colonial Associates, LLC, an affiliate of S.L. Nusbaum Realty Co., for $12,000,000. Thomas G. Johnson, III and Sharon L. Swanberg acquired, developed, leased and sold the property.
  • HLAS Holdings, LLC has purchased a 13,218 square foot commercial building on 1.05 acre at 3613-3637 Virginia Beach Blvd. in Virginia Beach, VA from Mandys Inc. for $1,150,000. Michael Myers represented the seller.
  • Konikoff Acquisition Company, LLC has purchased 1.41 acres of land located at Edinburgh West in Chesapeake, VA from MAP Edinburgh Associates II, LLC for $711,000. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • Berner Properties 3015 Airline, LLC has purchased a 15,750 square foot auto dealership property located on 5.355 acres at 3015 Airline Blvd. in Portsmouth, VA from Coastline Properties, LLC for $700,000. Michael Myers represented the buyer.
  • Servicios Latinos Inc. has purchased a 6,052 square foot office located on .44 acre at 2317 E. Little Creek Road in Norfolk, VA from Two-Three-One-Seven ELCR, LLC for $640,000. Michael Myers handled the transaction.
  • Grove & Libbie Service Co., LLC has purchased a 20,580 square foot industrial building located at 1723 Arlington Road in Richmond, VA from DMR Properties, LLC for $525,000. Reid Cardon represented the buyer and Nathan Shor represented the seller.
  • JPM Real Estate VA, LLC has purchased .33 acre located at 8410 Hampton Boulevard in Norfolk, VA from Christian Service Centers, Inc. for $375,000. Tommy Drew represented the seller.
  • The City of Chesapeake has purchased multiple parcels totaling 28,029 square feet located at Portsmouth Boulevard and Joliff Road in Chesapeake, VA from DeLeon Properties One, LLC and DeLeon Properties Two, LLC for $316,875. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • HotBox Fitness, LLC bought Fitness Together Great Bridge located at 940 Cedar Rd., Suite 110, in Chesapeake, VA from RJ Fitness, Inc. Ross A. Weinstein, Esq. handled the transaction.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Southeast Connections, LLC has renewed its lease on 20,504 SF of industrial space and 3.45 acres of land located at 4550 Bainbridge Blvd. in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord. 
  • Buffet City has exercised its options on 9,600 square feet of retail space at Holland Windsor Crossing in Virginia Beach, VA. Murray Rosenbach represented the landlord. 
  • Dollar Tree has exercised its option on 9,000 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord. 
  • Nephrology Associates of Tidewater, LTD has extended its lease on 7,052 square feet of office space at the Smithfield Building in Norfolk, VA. John M. Profilet, SIOR represented the tenant. 
  • Chico's has exercised its option on 4,507 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord. 
  • Dan Ryan's for Men has extended its lease on 3,600 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord. 
  • Tokyo Grill has extended its lease on 2,100 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord. 
  • Parmiter, Inc. has expanded its lease into an additional 960 square feet of office space, for a total of 2,024 square feet, at Courtyard at Providence in Virginia Beach, VA. Seth Norman represented the landlord. 
  • Paige & Rice Law Office, PC has extended its lease on 1,400 square feet of office space at 426 E. Freemason Street in Norfolk, VA. Seth Norman represented the landlord. 
  • Khames Jewelers has extended its lease on 926 square feet and expanded into 1,486 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord. 
  • SuperCuts has extended its lease on 990 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord. 
  • Billy's Shoe Repair has extended its lease on 750 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord. 
  • Richmond Reading Resources has renewed its lease on 696 square feet of office space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord. 

With over 111 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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