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S.L. NUSBAUM REALTY CO. ANNOUNCES $13.7 MILLION IN COMPLETED TRANSACTIONS FOR APRIL 2017

For Immediate Release
Contact: Susan Childress Corporate Marketing Director schildress@slnusbaum.com 757.282.6505
SL Nusbaum X Team

NORFOLK, VA – (May 2017) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $13.7 million in sales and lease volume on 129,496 square feet and 3.54 acres for the Norfolk and Richmond Offices: 

NEW LEASES:

  • VA ABC Board has leased 5,500 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • 11 Tactical has leased 4,250 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Tactical Rehabilitation, Inc. has leased 3,480 square feet of retail space at Meadowbrook Shopping Center in Norfolk, VA. Seth Norman and John Litz represented the landlord.
  • Penelope, Inc. has leased 3,000 square feet of retail space at Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
  • Moe’s Southwest Grill has leased 2,993 square feet of retail space at 161 Granby Street in Norfolk, VA. J.C. Wynkoop represented the landlord.
  • Affordable Bail Bonds has leased 2,488 square feet of retail space at 2404 Princess Anne Road in Virginia Beach, VA. Chris Zarpas represented the landlord.
  • Handsome Biscuit has leased 2,317 square feet of retail space at University Village in Norfolk, VA. Murray Rosenbach represented the landlord.
  • AAA Club Alliance, Inc. has leased 1,740 square feet of retail space at Coleman Marketplace in Danville, VA. Sam Rapoport represented the tenant.
  • Safe House Leasing Company, LLC has leased 1,450 square feet of office space at 2128 London Bridge Road in Virginia Beach, VA. Pierce Jacobson represented the tenant.
  • Wael Ramadan State Farm has leased 1,300 square feet of office space at Rockwood Office Park in Chesterfield, VA. Elliot Warsof represented the tenant.
  • Forbes Candies, Inc. has leased 1,276 square feet of retail space at Norfolk Premium Outlets in Norfolk, VA. Bill Overman, CCIM and John Wessling, CCIM represented the tenant.
  • Mister Fix, LLC has leased 900 square feet of retail space at Short Pump Crossing in Henrico, VA. Andrew Thacker represented the landlord.
  • May’s Parlor has leased 936 square feet of retail space at 2708 Pacific Avenue in Virginia Beach, VA. J.C. Wynkoop represented the tenant.
  • Kid’s Closet has leased 600 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Michael Gurley represented the landlord.

SALE TRANSACTIONS:

  • HNM The Fan, LLC has purchased approximately 9,000 square feet of warehouse space located on .73 acre at 929 Myers Street in Richmond, VA from 929 Associates, LLC for $1,430,000. Nathan Shor represented the seller.
  • Milkin Family Investments, LLC has purchased Lynn Shores Shopping Center, a 12,629 square foot neighborhood center located on .94 acre in Virginia Beach, VA from Lynn Shores, LLC for $1,350,000. John Wessling, CCIM, Bill Overman, CCIM and Murray Rosenbach represented the seller.
  • ForKids Properties, LLC has purchased a 7,300 square foot commercial building located at 119 West Constance Road in Suffolk, VA from Kelly’s in Suffolk, LLC for $1,000,000. J.C. Wynkoop, Michael Gurley and Ross A. Weinstein, J.D. represented the seller.
  • Romero Enterprises, LLC has purchased a 2,398 square foot retail building on .37 acre located at 213 S. Battlefield Boulevard from Fairfax Simplex, LLC for $632,500. Seth Norman represented the seller and Stephanie Sanker, CCIM, SIOR and Chris Zarpas represented the buyer.
  • Riptide II, LLC has purchased 2 retail buildings totaling 7,437 square feet on 1.5 acres at 557 and 557B Denbigh Boulevard in Newport News, VA from 14, LLC for $568,000. Mike Zarpas, Chris Zarpas and Chris Devine represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Sentara Enterprises, Inc. has renewed its lease on 12,000 square feet of retail space at 5792 Arrowhead Drive in Virginia Beach, VA. Michael Myers represented the landlord.
  • Medical Transport has renewed its lease on 8,762 square feet of industrial space at 5780-B Arrowhead Drive in Virginia Beach, VA. Michael Myers represented the landlord.
  • Bridgestone/Firestone has extended its lease on 6,450 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Michael Gurley represented the landlord.
  • Advanced Metal Coatings, Inc. has renewed its lease on 6,000 square feet of industrial space at 5780-C Arrowhead Drive in Virginia Beach, VA. Michael Myers represented the landlord and Seth Norman represented the tenant.
  • VA ABC Store has extended its lease on 4,000 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
  • Hair of the Dog has exercised its option on 1,920 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Winslow & McCurry Law Offices has extended its lease on 1,765 square feet of office space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Tidewater Sew-Vac has extended its lease on 1,500 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
  • Bliss of Elegance has extended its lease on 1,300 square feet of retail space located at 2406 Princess Anne Road in Virginia Beach, VA. Chris Zarpas and Chris Devine represented the landlord.
  • H&R Block has extended its lease on 1,200 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Natale’s Alterations has extended its lease on 900 square feet of retail space at Short Pump Crossing in Henrico, VA. Andrew Thacker 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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