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S.L. NUSBAUM REALTY CO. ANNOUNCES $14 MILLION IN COMPLETED TRANSACTIONS FOR OCTOBER 2018

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

NORFOLK, VA – (November 2018) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $14 million in sales and lease volume on 133,719 square feet and approximately 32 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Accurate Courier Express, Inc. has leased 16,276 square feet of industrial space located at 3412 Inventors Road in Norfolk, VA. Michael Myers handled the transaction.
  • Tom’s Galley Mobile Canteen Services LLC has leased 4,469 square feet located at 840 and 844 W. 39th Street in Norfolk, VA. Michael Myers represented the landlord and Pierce Jacobson represented the tenant.
  • Candela’s Pizzeria & Ristorante has leased 3,200 square feet of retail space at Huguenot Village Shopping Center in Richmond, VA. Bob Butcher represented the landlord.
  • Sweet Beans has leased 3,000 square feet of retail space at Wythe Creek Shoppes Shopping Center in Hampton, VA. Neal Sadler represented the landlord.
  • AAFMAA Mortgage Services LLC has leased 2,882 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Ashley Bussey represented the tenant.
  • Yuen8, Inc. has leased 2,724 square feet of retail space at 9000-B Quioccasin Road in Henrico, VA. Elliot Warsof represented the landlord.
  • Trish, Inc. has leased 2,800 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Remax Alliance has leased 2,400 square feet of retail space at Glenwood Square Shopping Center in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Discount Tire has ground leased .99 acre located at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Brighton Gardens, LLC has leased 1,150 square feet of service space at Windsor Commons Shopping Center in Windsor, VA. Mike Zarpas represented the landlord.
  • Mame African Hair Braiding and Beauty Supply, LLC has leased 1,100 square feet of retail space at 1105 N. Newtown Road in Norfolk, VA. Seth Norman represented the landlord.
  • Bee’s Juice Bar, LLC has leased 960 square feet of retail space at 114 W. Brookland Park Boulevard in Richmond, VA. Elliot Warsof, Zach Brenner and Graham Sheridan represented the landlord.
  • Alessio C. Salsano MD Internal Medicine has leased 960 square feet of office space at the Courtyard at Providence in Virginia Beach, VA. Seth Norman represented the landlord.
  • Biringer Builders has leased 864 square feet of retail space at Sycamore Square in Midlothian, VA. Andrew Thacker represented the landlord.
  • Best Quality Foods Corp. has leased 800 square feet of retail space at 12971 Jefferson Avenue in Newport News, VA. Janet Moore, CCIM represented the tenant.

SALE TRANSACTIONS:

  • Riverbend Apartments, L.P. has purchased 27 acres, for Phase 1 (130 Units) and Phase II (88 Units), located at 6139 George Washington Memorial Highway in Gloucester, VA from Zandler Development Company, LLC for $2,762,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • Manakin Farms Quioccasin, LLC has purchased a 6,324 square foot retail building on .703 acre located at 9000 Quioccasin Road in Henrico, VA from Caston Properties, LLC for $1,125,000. Elliot Warsof represented the buyer.
  • 7021 Hull Street Road, LLC, d/b/a Dunkin, has purchased .675 acre located at 7021 Hull Street Road in Richmond, VA from RavSun, LLC for $630,000. Andrew Thacker and Nathan Shor represented the buyer.
  • S&J Truck Terminal, Inc. has purchased 1.12 acres of land located at 1122 Priddy Lane in Virginia Beach, VA from Brent and Denice Rowlands for $365,000. Chris Zarpas represented the buyer.
  • Warrant Realty Group, LLC has purchased a 1,527 square foot retail building on 1 acre located at 4940 W. Norfolk Road in Portsmouth, VA from Commonwealth Portsmouth LLC for $250,000. Martin Murden represented the seller. 

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • McDonald’s Corporate has extended its ground lease on 38,300 square feet of land located at 2400 Princess Anne Road in Virginia Beach, VA. Chris Zarpas represented the landlord.
  • CitiTrends has exercised its option on 16,800 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Outback Steakhouse has extended its lease on 6,200 square feet of retail space at Raceway Market Shops in Indianapolis, IN. Matthew Nusbaum and Andrew Nusbaum represented the landlord.
  • Davita Dialysis has extended its lease on 6,123 square feet of retail space at Raceway Market Shops in Indianapolis, IN. Matthew Nusbaum and Andrew Nusbaum represented the landlord.
  • McAlister’s Deli has exercised its option of 4,200 square feet of retail space at Raceway Market Shops in Indianapolis, IN. Matthew Nusbaum and Andrew Nusbaum represented the landlord.
  • Honey Butter’s Kitchen has extended its lease on 2,800 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Dream Team Recordings has expanded to 2,300 square feet at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Porthos Management, LLC has extended its lease on 2,250 square feet of office space located at 1310 E. Little Creek Road in Norfolk, VA. Michael Myers handled the transaction.
  • My Spa and Nails has extended its lease on 1,800 square feet at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Nationwide –Myra Cannon & Associates has renewed its lease on 810 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher and Andrew Thacker represented the landlord.
  • Salon Gia has extended its lease on 800 square feet of retail space at Quarterpath Crossing shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.

With over 112 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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