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S.L. Nusbaum Realty Co. Announces $16.9 Million in Completed Transactions for March 2016

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

Norfolk, VA - (April, 2016) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling $16.9 million in sales and lease volume on 225,389 square feet and 6.6 acres of land for the Norfolk and Richmond Offices:

NEW LEASES:

  • Ethan Allen Retail, Inc. has leased 7,828 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • rue21 has leased 7,013 square feet of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Enterprise Leasing Co. of Norfolk/Richmond, LLC has leased 6,135 square feet of retail space at 8000 W. Broad Street in Richmond, VA. Nathan Shor represented the tenant.
  • The Foleck Center has leased 5,500 square feet of office space at Commuter Place in Virginia Beach, VA. Murray Rosenbach, John Wessling, CCIM, Bill Overman, CCIM and Seth Norman represented the tenant.
  • Prime Auto Outlet has leased 4,320 square feet of commercial space at 2700 Airline Boulevard in Portsmouth, VA. Michael Myers handled the transaction.
  • Burn Boot Camp has leased 4,000 square feet of retail space at Short Pump Crossing in Henrico, VA. Bob Butcher represented the landlord.
  • Cee-Breeze Personal Care Services has leased 4,000 square feet of office space located at 3933 Portsmouth Boulevard in Chesapeake, VA. Wade Wawner represented the tenant.
  • Breast Care Center has leased 3,945 square feet of office space at 355 Crawford Street in Portsmouth, VA. John M. Profilet, SIOR represented the landlord.
  • Resonance Float & Sound has leased 3,491 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Utiliquest, LLC has leased 2,700 square feet of office/warehouse space located at 6000 Incubator Road in Hampton, VA. Seth Norman represented the tenant.
  • The Little Bookshop has leased 1,557 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Santos Oriental Store has leased 1,350 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Lighthouse Audio Video Services, Inc. has leased 1,126 square feet of flex space at 2697 International Parkway in Virginia Beach, VA. Martin Murden, Bill Overman, CCIM and John Wessling, CCIM represented the tenant.
  • Quick Vape has lease 1,120 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Christopher Hucke represented the landlord.
  • Riley Counseling and Consulting, PLC has leased 730 square feet of office space at the JANAF Office Building in Norfolk, VA. Seth Norman represented the landlord.
  • Pre-Owned Luxury Vehicles, LLC has leased 600 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Michael Zarpas handled the transaction.
  • McDonald Garden Market has leased space for a seasonal garden center at Kempsville Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord. 

SALE TRANSACTIONS:

  • Thalhimer Realty Partners has purchased 109,650 square foot industrial building located at 1500 Roseneath Road in Richmond, VA from P & P Enterprises, LLC for $4,125,000. Reid Cardon represented the seller.
  • NHI-Bickford RE, LLC has purchased 3.55 acres of land located at 6860 Harbour View Boulevard in Suffolk, VA from Goldsteen, LLC for $995,000. Chris Zarpas represented the seller.
  • SOV, LLC has purchased a 5,621 square foot building on 1.40 acre located at 2437 E. Little Creek Road in Norfolk, VA from #20, LLC for $975,000. Bill Overman, CCIM, John Wessling, CCIM and Chris Devine represented the buyer.
  • Sewells C&C Properties, LLC has purchased Sewells Point Place, a 4,844 square foot shopping center located at 7616 Sewells Point Road in Norfolk, VA from Sewells Point, LLC for $600,000. Michael Zarpas represented the seller.
  • Waffle House has purchased a .95 acre parcel at The Crossing at Deep Creek in Chesapeake, VA from Deep Creek Property Associates, LLC for $225,000. Murray Rosenbach represented the seller.
  • People Cycle, Inc. has purchased a 4,328 square foot mixed-use property located at 2123 Fairmount Avenue in Richmond, VA from Noure's, LLC for $160,000. Reid Cardon represented the seller.
  • JHenderson, Inc. has purchased worththewait located at 3157 Virginia Beach Boulevard in Virginia Beach, VA from worththewait, Inc. Ross A. Weinstein, J.D. handled the transaction.

  LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • BB&T has exercised its option on .693 acre at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • Cobalt Grille has extended its lease on 4,000 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Dan Ryan's for Men has extended its lease on 3,600 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Golf Headquarters has renewed its lease on 3,940 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Tobacco 4 Less has extended its lease on 3,000 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Starbucks has exercised its option on 2,160 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • H&R Block has exercised its option on 2,450 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Hampton Roads Karate has extended its lease on 2,400 square feet of retail space at Glenwood Square Shopping Center in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Lockdown Sports has exercised its option on 1,995 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Shun Xin Chinese Restaurant has extended its lease on 1,750 square feet of retail space at Glenwood Square Shopping Center in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Subway has exercised its option on 1,500 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Christopher Hucke represented the landlord.
  • Bobbi & Helen's School of Dance has extended its lease on 1,500 square feet of retail space at Kempsville Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • H&R Block has extended its lease on 1,400 square feet of retail space at Jefferson Shoppes Shopping Center in Newport News, VA. Neal Sadler represented the landlord.
  • Cottage Lane has renewed its lease on 1,036 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Festive Creations has renewed its lease on 871 square feet of office space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Nationwide Insurance has renewed its lease on 810 square feet of office 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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