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S.L. NUSBAUM REALTY CO. ANNOUNCES $13 MILLION IN COMPLETED TRANSACTIONS FOR AUGUST 2020

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

NORFOLK, VA – (September 2020) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $13 million in sales and lease volume on 176,893 square feet and approximately 4 acres for the Norfolk and Richmond Offices:

NEW LEASES: 

  • LW on the Rise, LLC has leased 7,000 square feet of commercial space at 3535 N. Military Highway in Norfolk, VA. Mike Zarpas represented the landlord.
  • Nuevo Mexico Restaurant has leased 4,040 square feet of retail space at Sycamore Square Shopping Center in Henrico, VA. Bob Butcher and Andrew Thacker represented the landlord.
  • Grub, LLC has leased 3,500 square feet of retail space at Patriots Park in Quinton, VA. Andrew Thacker, Nathan Shor and Thomas Langston represented the landlord.
  • Educational Coaches LLC has leased 2,245 square feet of office space at 109 Currituck Commercial Drive in Moyock, NC. Chris Devine represented the landlord.
  • Black Triangle Group has leased 2,000 square feet of industrial space at 1720 Lambert Court, Suites E and F in Chesapeake, VA. Zach Hernandez represented the tenant.
  • Right Path Treatment Center, LLC has leased 1,990 square feet of office space at Obici I Medical Office Building in Suffolk, VA. Ashley Bussey and John M. Profilet, SIOR represented the landlord.
  • PreNutrition LLC has leased 678 square feet of retail space at Oxbridge Square Shopping Center in N. Chesterfield, VA. Graham Sheridan and Nathan Shor represented the landlord.

SALE TRANSACTIONS: 

  • Gerrard Lett (by and through Realty Exchange) has purchased 3,000 square feet of retail space on .069 acre located at 3001 W. Cary Street in Richmond, VA from Kalafatis Properties LLC for $1,050,000. Zach Hernandez represented the buyer.
  • Nebraska LLC has purchased 3,975 square feet of retail space on .266 acre located at 1212 Hull Street in Richmond, VA from 1212 Hull LLC for $640,000. Zach Hernandez, Nathan Shor and Elliot Warsof represented the seller.
  • Wren Davis, LLC has purchased a multifamily property on 1.37 acres located at 500 and 502 Powellville Lane and 10710 and 10714 Jefferson Avenue in Newport News, VA from Gaynor Van Landingham for $616,250. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • Commonwealth Advisors Capital LLC has purchased a 3,945 square foot office building on .113 acre located at 309 W. Bute Street in Norfolk, VA from Bute Street Investment East LLC for $575,000. Ashley Bussey represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • OneLife has extended its lease on 41,685 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • West Marine has extended its lease on 22,350 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • InPwr, Inc. has extended its lease on 13,840 square feet of industrial space at 3559-63 Argonne Avenue in Norfolk, VA. Michael Myers handled the transaction.
  • CitiTrends has exercised its option on 10,414 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Murray Rosenbach represented the landlord.
  • GSA AAAP Census Global has renewed its lease on 9,164 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • Bon Secours – St. Mary’s Hospital of Richmond has extended its lease on 5,775 square feet of office space at 4900 Dominion Boulevard in Glen Allen, VA. David Kalman represented the landlord.
  • KFC has extended its ground lease on .66 acre at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Turquoise School of Dance has extended its lease and expanded to 3,600 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • TNDO Gym, LLC has extended its lease on 3,500 square feet of flex space at 3456 Chandler Creek Road in Virginia Beach, VA. Pierce Jacobson and John M. Profilet, SIOR represented the landlord.
  • Brother’s Rental LLC has renewed its lease on 3,083 square feet of retail space at Merchant’s Square Shopping Center in Henrico, VA. Elliot Warsof represented the tenant.
  • Quality Music has extended its lease on 2,205 of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Perfectly Frank has renewed its lease on 1,717 square feet of retail space at Monarch Way at ODU in Norfolk, VA. Maggie Spillane represented the landlord.
  • Flaming Japan has extended its leased on 1,700 square feet of retail space at Buckner Retail Shops in Virginia Beach, Virginia. Chris Hucke represented the landlord.
  • Folk City Tattoo has extended its lease on 1,425 square feet of retail space at Creekside Village in Suffolk, VA. Neal Sadler represented the landlord.
  • Subway has extended its lease on 1,400 square feet of retail space at K&K Square in Norfolk, VA. Maggie Spillane represented the landlord.
  • Muse salon 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.
  • Cottage Lane has renewed its lease on 1,300 square feet of retail space at Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
  • Family Enrichment Center has renewed its lease on 1,271 square feet of office space at 5505 Indian River Road in Virginia Beach, VA. Seth Norman represented the landlord.
  • Paradise Nails has extended its lease on 1,200 square feet of retail space at Glenwood Square Shopping Center in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Subway has extended its lease on 1,200 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler and Maggie Spillane represented the landlord.
  • Spa-Tacular Parties has renewed its lease on 1,036 square feet of retail space at Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
  • Veterans Express, Inc. has renewed its lease on 1,000 square feet of office and 3 acres of yard space at 3015 Airline Boulevard in Portsmouth, VA. Michael Myers handled the transaction.
  • Osaka Japanese Restaurant has extended its lease on 792 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Health Nut has exercised its option on 750 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.
  • Beach Gold Assay has extended its lease on 750 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Scents has extended its lease on 630 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Thomas A. Cecil has renewed its lease on 363 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport 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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