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S.L. NUSBAUM REALTY CO. ANNOUNCES $16 MILLION IN COMPLETED TRANSACTIONS FOR DECEMBER 2017

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

 

NORFOLK, VA – (January 2018) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $16 million in sales and lease volume on 158,981 square feet and 11.3788 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • American Residential Services L.L.C. has leased 21,772 square feet of industrial space at 4550 Bainbridge Boulevard in Chesapeake, VA. Stephanie Sanker, CCIM SIOR and Pierce Jacobson represented the landlord.
  • Total Wine has leased 18,250 square feet of retail space at Short Pump Crossing Shopping Center in Richmond, VA. Richard Jacobson and Bob Butcher represented the landlord.
  • SGI – USA has leased a 5,925 square foot religious facility located at 2080 Nickerson Boulevard in Hampton, VA. Michael Myers represented the tenant.
  • Williamsburg Starz Gold has leased 4,000 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
  • Brother’s Rental, LLC has leased 3,083 square feet of retail space at Merchant Walk Shopping Center in Richmond, VA. Elliot Warsof, Zach Brenner and Colin Williams represented the tenant.
  • Second Sale Consignments has leased 2,700 square feet of retail space at Millwood Plaza in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Clay Home Medical/Aerocare has leased 2,250 square feet of office space at 127 N. Mecklenburgh Avenue in South Hill, VA. Ashley Bussey and John M. Profilet, SIOR represented the tenant.
  • Envest Holdings, LLC has leased 2,134 square feet of office space at 1206 Laskin Road in Virginia Beach, VA. Chris Devine represented the tenant.
  • I Massage has leased 1,230 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • OnCampus Brands has leased 1,030 square feet of office space located at 1719A West Main Street in Richmond, VA. Nathan Shor, Elliot Warsof, Zach Brenner and Colin Williams represented the tenant.

SALE TRANSACTIONS:

  • Celia Realty Company, LLC has purchased a 9,100 square foot retail building located at 4033 Cochran Highway in Eastman, GA from Teramore Development, LLC for $1,195,412. John M. Profilet, SIOR represented the buyer.
  • JP Chesapeake Holdings, LLP has purchased 1.6 acre of land located at 208 Carmichael Way in Chesapeake, VA from XB Holdings I, LLC for $745,000. Chris Devine represented the buyer.
  • KEL KL, LLC has purchased a 6,600 square foot commercial building on .2495 acre located at 2107-2115 Granby Street in Norfolk, VA from 2109-2111 Granby Street, LLC for $680,000. Mike Zarpas represented the seller.
  • 46 Beechdale, LLC has purchased a 5,024 square foot industrial building on 2.282 acres located at 46 Beechdale Road in Portsmouth, VA from DWM Properties, LLC for $460,000. Ashley Bussey represented the buyer.
  • Lorica Interests, LLC has purchased a 2,000 square foot office condo located at 5269 Greenwich Road in Virginia Beach, VA from Charlene N. White and Dennis P. Sellers for $200,000. Michael Myers handled the transaction.
  • Blue Heron Holdings, LLC has purchased three industrial condos located at 801 Butler Street, Units 58, 64 and 65 in Chesapeake, VA from Land Holding, LLC for $95,000. Mike Zarpas represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Yukai Buffet has exercised its option on 9,500 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Chick-fil-A has exercised its option on a 1.14 acre outparcel at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Gregory P. Jellenek, OD and Associates, P.C. has extended its lease on 3,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Williamsburg Floral & Gifts has extended its lease on 2,520 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
  • Huguenot Animal Hospital has renewed its leased on 2,486 square feet of retail space at Huguenot Village Shopping Center in Richmond, VA. Bob Butcher represented the landlord.
  • J&K Style Grill has expanded and extended its lease of 2,400 square feet in College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • VA ABC Store has extended its lease on 2,205 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • State Farm has extended its lease on 1,250 square feet of retail space at 728 High Street in Portsmouth, VA. Chris Zarpas represented the landlord.
  • Commonwealth Employee Benefit Solutions, Inc. has renewed its lease on 920 square feet of office space at 3300 Tyre Neck Road, Suite One in Portsmouth, VA. Michael Myers represented the landlord.
  • Festive Creations has renewed its lease on 871 square feet of retail space at Sycamore Square in Midlothian, VA. Andrew Thacker represented the landlord.
  • 1st Nails has extended its lease on 800 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Flexi-Dent has renewed its lease on 697 square feet of retail space at Sycamore Square 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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