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S.L. Nusbaum Realty Co. Announces $12 Million in Sales and Lease Volume for November 2015

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

Norfolk, VA - (December, 2015) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions for the Norfolk and Richmond offices totaling approximately $12 million in sales and lease volume on 147,300 square feet and +3 acres of land:

 NEW LEASES:

  • CHKD Thrift Store has leased 13,171 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • Leslie's Pool Mart has leased 3,113 square feet of retail space at The Charles Shops in Norfolk, VA. Murray Rosenbach and Michael Gurley represented the tenant.
  • Bach to Rock gas leased 2,500 square feet of retail space at the Shoppes at Bellgrade in Midlothian, VA. Bob Butcher represented the landlord.
  • Your Pie has leased 2,400 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Rim King has leased 2,000 square feet of retail space at 1220 Baker Road in Virginia Beach, VA. Chris Devine and Christopher Zarpas represented the landlord.
  • Martin's Soul Food has leased 2,000 square feet of retail space at Charlie's Truck Plaza in Virginia Beach, VA. Chris Devine and Christopher Zarpas handled the transaction.
  • Virginia Beach Pawn & Jewelry has leased 1,800 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord and Sharon Swanberg represented the tenant.
  • Premier Solutions HI, LLC has leased 1,674 square feet of office space at Greenbrier Executive Center in Chesapeake, VA. Ashley Bussey represented the tenant.
  • Patrick Fancy has leased 1,500 square feet of flex space at 114 E. Princess Anne Road in Norfolk, VA. Seth Norman represented the landlord
  • Revolutionary Vapes has leased 1,200 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
  • Eye Brow Design has leased 1,000 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Christopher Hucke represented the landlord.
  • First Rate Insurance Management Corp. has leased 825 square feet of retail space at Buckner Retail Shoppes in Virginia Beach, VA. Christopher Hucke represented the landlord.
  • Ellad Nutrition Counseling has leased 750 square feet of retail space at Chesterfield Meadows South in Chesterfield, VA. Bob Butcher represented the landlord.
  • FTBT Transport, LLC has leased 650 square feet of office space at 5792 Northampton Boulevard in Virginia Beach, VA. Christopher Zarpas handled the transaction.

SALE TRANSACTIONS:

  • G&S Properties, LLC has purchased .75 acre located at 1125 Cedar Road in Chesapeake, VA from William W. Granger, III, Shirley G. Wharton, Morton Realty Associates, LLC, New Dominion of Virginia, LLC and Richard Tavss for $625,000. J.C. Wynkoop represented the buyer.
  • 1400 Hampton Blvd. Development has purchased a 10,656 square foot residential building located at 1400 Hampton Blvd. in Norfolk, VA from 1400 Hampton Blvd. Condominium Association, Inc. for $460,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • Ramanlal K. Patel has purchased a 3,425 square foot retail building located at 233 16th Street in Virginia Beach, VA from WOV Properties for $425,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer
  • Trevilian Landmark, LLC has purchased a 10,493 square foot commercial building on .2409 acre located at 428 and 429 W. 23rd Street in Norfolk, VA from D&JR Enterprises, LLC for $352,500. Michael Zarpas represented the buyer.
  • GW II, LLC has purchased .70 acre located at 1521 Starling Drive in Henrico, VA from ARCORP, LTD for $170,000. Nathan Shor represented the seller.
  • Delightful Gifts, LLC has purchased the Edible Arrangements located at 2236 General Booth Blvd. in Virginia Beach, VA from Amazed, Inc. Ross A. Weinstein, Esq. handled the transaction.
  • Convenience Cab, Inc. has purchased Take Out Taxi located at 665 Tyson Road in Virginia Beach, VA from Denny Friend and Servicio Group, Inc. Ross A. Weinstein, Esq. handled the transaction.
  • E&M Mayflower, LLC has purchased the Mayflower Café located at 209 34th Street in Virginia Beach, VA from Mayflower Café, Inc. Ross A. Weinstein, Esq. handled the transaction.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Dollar Tree Stores has exercised its option on 13,711 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • True North Tactical has renewed its lease on 9,100 square feet of office/warehouse space at 513 Viking Drive in Virginia Beach, VA. John M. Profilet, SIOR and Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Dollar General has extended its lease on 8,470 square feet of retail space at Kempsville Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Upscale Restaurant has extended its lease on 8,400 square feet of retail space at College Park Square I in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • MCV Associated Physicians has renewed its lease on 7,400 square feet of office space at Chesterfield Meadows in Chesterfield, VA. Bob Butcher represented the landlord.
  • Cash Converters has extended its lease on 5,600 square feet of retail space at Holland Windsor Crossing in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Moe's Southwest Grill has extended its lease on 2,500 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Payless ShoeSource has extended its lease on 2,500 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Bowles Jewelers has exercised its option on 1,750 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Christopher Hucke represented the landlord.
  • TJ Nails has extended its lease on 1,500 square feet of retail space at Wsahington Square in Grafton, VA. Neal Sadler represented the landlord.
  • Yoshi Tronics has extended its lease on 1,200 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Herb's Great American Hot Dogs has extended its lease on 1,200 square feet at Millwood Plaza in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Blue's Barber & Salon has extended its lease on 1,200 square feet of retail space at Chesterfield Meadows in Chesterfield, VA. Bob Butcher represented the landlord.
  • SoHo Lashes has extended its lease on 900 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach 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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