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S.L. NUSBAUM REALTY CO. ANNOUNCES $14.5 MILLION IN COMPLETED SALES & LEASE TRANSACTIONS FOR SEPTEMBER 2016

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

NORFOLK, VA – (October 2016) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $14.5 million in sales and lease volume on 128,228 square feet and 5.72 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • The Egg Bistro has leased 4,860 square feet of retail space at Strawbridge Marketplace in Virginia Beach, VA. J.C. Wynkoop represented the tenant.
  • Catch Surf Company, LLC leased 1.3 acre located on Adderley Street in Norfolk, VA. Neal Sadler and Chris Hucke represented the tenant.
  • Harris Teeter Fuel Station has leased .857 acre located at Quarterpath Crossing in Williamsburg, VA. Richard Jacobson and Tyler Jacobson represented the landlord.
  • Foot Locker has leased 4,233 square feet of retail space at J.A.N.A.F. Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Kids Foot Locker has leased 3,125 square feet of retail space at J.A.N.A.F. Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Synergy Health Systems has leased 2,546 square feet of office space at Poplar Hill Medical Center in Chesapeake, VA. John Wessling, CCIM, Chris Devine and Bill Overman, CCIM represented the landlord.
  • Admiral Signworks has leased 2,520 square feet of industrial space at 3157 Shipps Corner Road, Units 108 and 109 in Virginia Beach, VA. John Wessling, CCIM, Bill Overman, CCIM and Martin Murden represented the tenant.
  • Daikin Applied has leased 2,500 square feet of retail space at 317 Village Road in Virginia Beach, VA. Chris Zarpas and Chris Devine represented the landlord.
  • Wasabi Sushi has leased 2,375 square feet of retail space at Chesterfield Meadows Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
  • Verizon Wireless has leased 1,760 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Old Skool Video Games and More has leased 1,500 square feet of retail space at Wythe Creek Shoppes in Newport News, VA. Neal Sadler represented the landlord.
  • Changing Faces Barber Shop has leased 1,400 square feet of retail space at Jefferson Shoppes in Newport News, VA. Neal Sadler represented the landlord.
  • Pixel Financial Group, LLC has leased 1,300 square feet of office space at 2006 Old Greenbrier Road, Suite 10 in Chesapeake, VA. Martin Murden represented the tenant.
  • Diamond Tobacco has leased 1,213 square feet of retail space at Mattress Firm Plaza Shopping Center in Virginia Beach, VA. Christopher Hucke and Neal Sadler represented the landlord.
  • Protection by Design has leased 1,210 square feet of retail space at Holly Point Shopping Center in Chesapeake, VA. Mike Zarpas and Chris Devine represented the landlord.
  • Flagship Technical Solutions, LLC has leased 1,071 square feet of retail space at Lynnhaven Place in Virginia Beach, VA. Sam Rapoport represented the landlord.
  • A Plus Healthcare, LLC has leased 1,033 square feet of office space at J.A.N.A.F. Office Building in Norfolk, VA. Seth Norman represented the landlord.
  • Life Beauty Supply has leased 630 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler represented the landlord.

SALE TRANSACTIONS:

  • SGC Properties, LLC has purchased a 16,800 square foot office building on 1.4 acre located at 260 Grayson Road in Virginia Beach, VA for $2,000,000. John M. Profilet, SIOR and Murray Rosenbach represented the seller.
  • Sky 88, LLC has purchased a 1,651 square foot retail building located on .48 acre at 6109 West Broad Street in Richmond, VA from Helen A. Carter for $750,000. Nathan Shor represented the buyer.
  • Anchor Asset Management Group, LLC has purchased a 9,423 square foot industrial building on .99 acre located at 532 Central Drive in Virginia Beach, VA from The Henry and Shelia Martin Revocable Joint Trust for $725,000. Bill Overman, CCIM, John Wessling, CCIM and Martin Murden represented the seller.
  • Marx Properties, LLC has purchased a 2,416 square foot commercial building located on 0.6898 acre at 1101 W. Little Creek Road in Norfolk, VA from Loc Phong, Inc. for $600,000. Mike Zarpas and J.C. Wynkoop represented the buyer and Seth Norman and Chris Devine represented the seller.
  • Syne Trek, LLC has purchased 5,863 square feet of office space within the Wells Fargo Center at 440 Monticello Avenue in Norfolk, VA from SLNWC Office Company, LLC for $558,240. Stephanie Sanker, CCIM, SIOR represented the seller.
  • JCAL Investments, LLC has purchased a 1,200 square foot industrial condominium located at 1728 Virginia Beach Boulevard, Unit 111 in Virginia Beach, VA from Esta and Ray Kreisman for $100,000. Michael Myers handled the transaction.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Advance Auto has expanded to 15,312 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Lamp Emporium has renewed its lease on 5,000 square feet of retail space at Short Pump Crossing in Richmond, VA. Bob Butcher represented the landlord.
  • Reginella’s Italian Pizzeria has extended its lease on 4,480 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Hair Club for Men has amended its lease on 4,176 square feet of retail space at 3132 Lynnhurst Boulevard in Virginia Beach, VA. Chris Zarpas and Chris Devine represented the landlord.
  • Verizon Wireless has extended its lease on 4,200 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Richard Jacobson and Tyler Jacobson represented the landlord.
  • Wells Fargo Bank has exercised its option on 3,290 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • My Way Leases has expanded to 3,215 square feet of retail space at Warwick Denbigh Shopping Center in Newport News, VA. Neal Sadler represented the landlord.
  • Family and Cosmetic Dentistry has extended its lease on 2,400 square feet of retail space at The Crossing at Deep Creek in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • GameStop has extended its lease on 2,160 square feet of retail space Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Alpha Delta Pizzeria has exercised its option on 1,710 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
  • Subway has extended its lease on 1,680 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • SugarHill Fashions has extended its lease on 1,500 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Michael Gurley represented the landlord.
  • Cathy’s Nails has renewed its lease on 1,500 square feet of retail space at Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
  • G&S Beauty Supply has extended its lease on 1,425 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
  • Duck Donuts has extended its lease on 1,250 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Yoshi’s 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.
  • Nails Tech has extended its lease on 1,080 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler represented the landlord.
  • The SEE Boutique has renewed its lease on 773 square feet of retail space at Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher represented the landlord.
  • Lynn Shores Barker Shop extended its lease on 750 square feet of retail space at Lynn Shores Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Richmond Reading Resources has renewed its lease on 696 square feet of retail space at Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher 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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