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S.L. Nusbaum Realty Co. Announces $12.6 Million in Lease and Sales Volume for October 2015

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

Norfolk & Richmond, VA - (November, 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 $12,600,000 in sales and lease volume on 93,950 square feet and 16.64 acres of land:

NEW LEASES:

  • HR Portsmouth, LLC, d/b/a Planet Fitness has leased 25,000 square feet of retail space at Triangle Center in Portsmouth, VA. Bill Overman, CCIM, John Wessling, CCIM Chris Zarpas and Chris Devine represented the tenant.
  • Tidewater Physicians Multispecialty Group has leased 3,858 square feet of office space at 100 Constitution Drive in Virginia Beach, VA. John M. Profilet, SIOR represented the landlord.
  • Krispy Krunchy Chicken has leased 2,317 square feet of retail space at ODU University Village in Norfolk, VA. Murray Rosenbach represented the landlord.
  • 2317 ELCR, LLC has leased 2,250 square feet of office space at 1310 E. Little Creek Road in Norfolk, VA. Michael Myers handled the transaction.
  • Wing Stop has leased 1,607 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Christopher Hucke represented the landlord.
  • Juice Bar Juices has leased 800 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Young's Alterations has leased 700 square feet of retail space at Huguenot Village in Richmond, VA. Bob Butcher represented the landlord.
  • Quality Training & Skill Building, LLC has leased 418 square of office space at 355 Crawford Street in Portsmouth, VA. John M. Profilet, SIOR represented the landlord.
  • Events with Results has leased 286 square feet of office space at 360 S. Plaza Trail, Suite 110 in Virginia Beach, VA. Chris Devine represented the landlord.

SALE TRANSACTIONS:

  • B&C Southeast, LLC has purchased 12.62 acres located at N. Battlefield Boulevard and I-64 in Chesapeake, VA from W.J. Vakos & Company for $3,493,262. Tommy Drew represented the buyer.
  • 8412 Shore Drive Development, LLC has purchased 2.8 acres located at 8142, 8146, 8150, 8158 Shore Drive and 8137, 8145 Wisteria Place in Virginia Beach, VA from C&I Solutions II REO, LLC for $1,200,000. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • Restaurant Property Investors II, LLC has purchased .63 acre located at 1501 Frederick Boulevard in Portsmouth, VA from Midtown Marketplace, LLC for $610,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • J&P Rentals, LLC has purchased Ashlawn Apartments, an 8704 square foot multi-family property on .33 acre, located at 504 and 508 Ashlawn Drive in Norfolk, VA from Morgan J, LLC for $600,000. Seth Norman represented the seller.
  • 232 Jersey Ave., LLC has purchased a 6,000 square foot commercial building located at 3783 Bonney Road in Virginia Beach, VA from Malibu Florida Holdings, Inc. for $600,000. J.C. Wynkoop represented the buyer.
  • 22nd Street Ventures, LLC has purchased a 1,791 square foot commercial building on .26 acre located at 520 22nd Street in Virginia Beach, VA for $500,000. Michael Zarpas represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Advance Auto has exercised its option on 10,000 square feet of retail space at Little Creek Square in Norfolk, VA. Nathan Jaffe represented the landlord.
  • Rituals Salon has renewed its lease on 5,500 square feet of retail space at The Shoppes at Bellgrade in Midlothian, VA. Bob Butcher represented the landlord.
  • AJ Gators Sports Grille & Bar has renewed its lease on 5,000 square feet of retail space at 244 Granby Street in Norfolk, VA. Michael Zarpas represented the landlord.
  • Plaza Bakery has extended its lease on 3,000 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Hot Wings Café has extended its lease on 2,800 square feet of retail space at Jefferson Shoppes in Newport News, VA. Neal Sadler represented the landlord.
  • Sam's Beauty Supply has extended its lease on 2,600 square feet of retail space at University Shoppes in Norfolk, VA. Nathan Jaffe represented the landlord.
  • BB&T has renewed its lease on 2,158 square feet of retail space at Sycamore Square Shopping Center in Richmond, VA. Bob Butcher represented the landlord.
  • LaCucina - Ristorante Italiano & Pizzaria has renewed its lease on 2,000 square feet of retail space at The Shoppes at Bellgrade in Midlothian, VA. Bob Butcher represented the landlord.
  • Peking City has extended its lease on 1,800 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Domino's has extended its lease on 1,344 square feet of retail space at Smithfield Square in Smithfield, VA. Christopher Hucke represented the landlord.
  • SuperCuts has extended its lease on 1,200 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
  • Nam's Cleaners has renewed its lease on 800 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • LynnShores Barbershop has extended its lease on 750 square feet of retail space at LynnShores Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Abrams, LLC has expanded into 667 square feet of office space at 4624 Pembroke Boulevard in Virginia Beach, VA. Seth Norman represented the landlord.
  • Y's Alterations has extended its lease on 600 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley 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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