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S.L. NUSBAUM REALTY CO. ANNOUNCES $17 MILLION IN COMPLETED TRANSACTIONS FOR JULY 2020

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

NORFOLK, VA – (August 2020) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $17 million in sales and lease volume on 268,026 square feet and approximately 12 acres for the Norfolk and Richmond Offices: 

NEW LEASES:  

  • Dollar Bank has ground leased .5 acre at Regency Hilltop Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord and Sam Rapoport represented the tenant.
  • Feedmore has leased 58,473 square feet of retail space at 5700 Brook Road in Richmond, VA. Elliot Warsof represented the landlord.
  • Guy Trengrove-Jones, M.D., P.C. has leased 4,963 square feet of office space at Fort Norfolk Plaza in Norfolk, VA. Cheyney Cole, CCIM represented the tenant and John M. Profilet, SIOR and Ashley Bussey represented the landlord.
  • STAFFMD has leased 4,044 square feet of retail space at 101 Malibu Drive, Unit A, in Virginia Beach, VA. Chris Zarpas and Martin Murden represented the landlord.
  • Precision Racing Technologies, LLC has leased 3,000 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
  • Dunkin has leased 2,668 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Murray Rosenbach represented the landlord.
  • Peninsula Child & Family Services, LLC has leased 2,635 square feet of office space at 4410 E. Claiborne Square in Hampton, VA. Ashley Bussey represented the tenant.
  • O.P.E. Family Support Services, LLC has leased 2,494 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • Cropley Enterprises, Inc. has leased 2,355 square feet of office/warehouse space at 8409 Glazebrook Avenue in Richmond, VA. David Kalman represented the tenant.
  • OnPoint Building Services, LLC has leased 1,913 square feet of retail space at 101 Malibu Drive, Unit B in Virginia Beach, VA. Chris Zarpas and Martin Murden represented the landlord.
  • New Hope Wellness, LLC has leased 1,720 square feet of office space on .08 acre at 1121 N. 25 Street in Richmond, VA. Andrew Thacker and Tom Langston represented the landlord.
  • Thes’ Salon has leased 1,380 square feet of retail space at Knells Ridge Commons in Chesapeake, VA. Mike Zarpas represented the landlord.
  • Chesapeake Bay ENT has leased 1,033 square feet of office space at the Hague Medical Tower in Norfolk, VA. Sharon Swanberg represented the landlord.
  • The Spa and Laser Center has leased 935 square feet of office space at the Hague Medical Tower in Norfolk, VA. Sharon Swanberg represented the landlord.
  • Blend Family Salon has leased 920 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Jennifer D. Oram-Smith, P.C. has leased 805 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • Elements Salon LLC has leased 720 square feet of retail space at Sliding Hill Corner Shopping Center in Ashland, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Bay Investment Group has leased 520 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • Moran Hearing Aid Center, Inc. has leased 343 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.

SALE TRANSACTIONS:

  • Coastal Cosmetic Realty LLC has purchased am 18,623 square foot office building on 3.14 acres located at 921 and 923 First Colonial Road in Virginia Beach, VA from Freedom Properties VB LLC for $2,750,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • Delaware Corporation has purchased a 47,002 square foot office/retail building on 4.7 acres located at 2211 S. Military Highway in Chesapeake, VA from Yagen Rental Properties for $2,120,000. Cheyney Cole, CCIM represented the seller.
  • Chesapeake Development Holdings II, LLC has purchased a 4,045 square foot retail building on .05 acre at 111 W. 21st Street in Norfolk, VA from 111 W. 21st Street, LLC for $785,000. Michael Myers represented the seller.
  • Personification LLC has purchased a 6,080 square feet retail building on .139 acre at 7 E Cary Street in Richmond, VA from FAR NIA LLC for $690,000. Elliot Warsof and Andrew Pegalis represented the seller.
  • NapCo Properties LLC has purchased 2.01 acers of land located at 4830 Portsmouth Boulevard in Chesapeake, VA from DeLeon Properties One, LLC for $635,000. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • R & B Real Estate Investment, LLC has purchased a 7,820 square foot commercial building on 1.21 acres located at 4600 E. Princess Anne Road in Norfolk, VA from William Reid Pollok, LLC for $500,000. Michael Myers handled the transaction.
  • Nonnina Properties, LLC has purchased a 2,742 square foot commercial building on .36 acre located at 6111 Portsmouth Boulevard in Portsmouth, VA from Portsmouth Boulevard Investments LLC for $395,000. Tommy Drew represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Conduent State Healthcare LLC has renewed its lease on 42,213 square feet of call center space at 7545 Midlothian Drive in Richmond, VA. Austin Newman represented the landlord.
  • Tuesday Morning has renewed its lease on 11,915 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
  • Dish Network Service L.L.C. has renewed its lease on 6,395 square feet of flex space at 904 Professional Place in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Salon Plaza has extended its lease on 5,719 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Truist Bank has extended its lease on 3,518 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Richard Jacobson and Tyler Jacobson represented the landlord.
  • Bushin Kan Dojo has extended its lease on 2,400 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler represented the landlord.
  • Franco’s By the Bay has renewed its lease on 1,800 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Long Jewelers has extended its lease on 1,800 square feet at Cape Henry Plaza Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
  • TJ Nails has extended its lease on 1,500 square feet at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Jeweler’s Services has renewed its lease on 1,375 square feet of retail space at Chesterfield Meadows Shopping Center in Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Metro by T-Mobile has extended its lease on 1,200 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler represented the landlord.
  • Tunic Consignment has renewed its lease on 900 square feet of retail space at Short Pump Crossing Shopping Center in Richmond, VA. Bob Butcher represented the landlord.

With over 114 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping centers, apartment communities, office, industrial and investment properties throughout the Mid-Atlantic and Southeast.

 

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