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S.L. NUSBAUM REALTY CO. ANNOUNCES $17 MILLION IN COMPLETED TRANSACTIONS FOR MAY 2019

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

NORFOLK, VA – (June 2019) 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 146,787 square feet and approximately 58 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Off the Wall, LLC has leased 8,400 square feet of retail space at Arch Village Shopping Center, Unit 2 in Chesterfield, VA. Elliot Warsof and Nathan Shor represented the landlord and Andrew Thacker represented the tenant.
  • Taylor6 LLC has leased 9,344 square feet of industrial space on .729 acre at 1015 Prudence Road in Suffolk, VA. Michael Myers represented the landlord.
  • Paramount Industrial Companies, Inc. has leased 7,854 square feet of industrial space at 1157 Production Road in Norfolk, VA. Michael Myers represented the landlord.
  • Eastern Virginia Medical School has leased 4,562 square feet of industrial space at 2409-A Bowdens Ferry Road in Norfolk, VA. Michael Myers handled the transaction.
  • Sal’s Pizza has leased 2,400 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Clean Air Solutions Inc. of Virginia has leased 2,200 square feet of industrial space at 2501 Performance Court in Virginia Beach, VA. Pierce Jacobson represented the landlord.
  • Dollar Bank, FSB has ground leased 1.89 acre at 750 Volvo Parkway in Chesapeake, VA. Sam Rapoport and Michael Gurley represented the tenant.
  • Rose and Eddie’s has leased 1,656 square feet of retail space at Village at Amberleigh, 9545 Amberdale Drive in Chesterfield, VA. Andrew Thacker and Zach Hernandez represented the landlord.
  • S. Army has leased 1,500 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Preston Strength has leased 1,500 square feet of retail space at Millwood Shopping Center in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Mike Kuebler Agent State Farm has leased 1,500 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the Landlord.
  • Stamped has leased 1,370 square feet of retail space at 1334 Sycamore Square in Midlothian, VA. Andrew Thacker represented the landlord.
  • The Modern Stem has leased 1,320 square feet of retail space at College Park Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • New Kent Day Spa, LLC has leased 1,250 square feet of retail space at The Shoppes at Patriots Landing, 7410 Cooper Tavern Road, Unit C in Quinton, VA. Andrew Thacker and Nathan Shor represented the landlord.
  • Hair Premier has leased 1,200 square feet of retail space at College Park Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Southside Motor Sport, LLC has leased 1,050 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.
  • Derma-Hue LLC and Kristen Ann Peck has leased 1,000 square feet of retail space at 3435 W. Cary Street in Richmond, VA. Graham Sheridan represented the tenant.
  • Glamour Eyes has leased 775 square feet of retail space at Quioccasin Station Shopping Center, 8966 Quicoccasin Road in Richmond, VA. Elliot Warsof represented the landlord.
  • Janie’s Tailoring has leased 750 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Collector’s Cove has leased 750 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Wells Fargo Bank has leased space for an ATM at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.

SALE TRANSACTIONS:

  • Franklin Investments, LLC has purchased 73 mobile homes and 327 mini storage units located on 48 acres at 12557 and 12607 Courthouse Highway in Smithfield, VA from B&J Land Development, Inc. and B&J Mini Storage for $5,500,000. Chris Zarpas and Sam Rapoport represented the buyer.
  • Shore, LLC has purchased 7,400 square feet of retail space located at 4425 and 4429 Shore Drive in Virginia Beach, VA from White Tiger, LLC for $1,237,500. John Wessling, CCIM, Bill Overman, CCIM, Murray Rosenbach and Seth Norman represented the seller.
  • Dollar Bank, FSB has purchased an 11,274 square foot office building on 1.826 acre located at 750 Volvo Parkway in Chesapeake, VA from TowneBank for $1,087,320. Stephanie Sanker, CCIM, SIOR and John M. Profilet, SIOR represented the seller and Sam Rapoport and Michael Gurley represented the buyer.
  • ACO Development, LLC has purchased a 9,120 square foot flex building on 1 acre located at 2503 58th Street in Hampton, VA from Golden Eagle Realties, LLC for $920,350. Seth Norman and Stephanie Sanker, CCIM, SIOR represented the seller and Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • Battlefield Veterinary Professional Center, LLC has purchased a 4,206 square foot commercial building on 2.8 acres located at 2800 S. Lynnhaven Road in Virginia Beach, VA from McDonald Corporation for $912,500. Chris Zarpas and Chris Devine represented the buyer.
  • 5764 Arrowhead, LLC has purchased a 9,060 square foot industrial building on .471 acre located at 5764 Arrowhead Drive in Virginia Beach, VA from Ricky L. Whitfield and The Valerio Family Limited Trust for $600,000. Michael Myers represented the seller and Stephanie Sanker, CCIM, SIOR and Pierce Jacobson represented the buyer.
  • Atlantic Corporate Leasing, LLC has purchased a 3,432 square foot office condominium located at 818 Newtown Road, Unit K in Virginia Beach, VA from Dilarome Associates Ltd. for $575,000. Ashley Bussey represented the seller and Stephanie Sanker, CCIM, SIOR represented the buyer.
  • CRF, LLC has purchased .890 acre of land located at 1705 ½ and 1707 Chamberlayne Avenue and 1716 and 1718 Roane Street in Richmond, VA from Alford Development, LLC for $525,000. Elliot Warsof and Nathan Shor represented the buyer.
  • CRF, LLC has purchased .545 acre of land located at 1705 Chamberlayne Avenue and 710 W. Fells Street in Richmond, VA for $465,000 from Calvin A. Wilson, Sr. Elliot Warsof and Nathan Shor represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Bounce House has extended its lease on 13,000 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • DAV Thrift Store has extended its lease on 11,880 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
  • The Southside Woodshop, Inc. has extended its lease on 5,526 square feet of industrial space at 2409-B Bowdens Ferry Road in Norfolk, VA. Michael Myers handled the transaction.
  • The Athlete’s Foot has extended its lease on 4,325 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Chesapeake Weight Loss has renewed its lease on 3,574 square feet of office space at 221 Mount Pleasant Road, Unit A, in Chesapeake, VA. Michael Myers handled the transaction.
  • Top Shelf Art has extended its lease on 3,000 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Sassy Bee has renewed its lease on 2,100 square feet of retail space at The Shoppes at Bellgrade, Units 114-115, Midlothian, VA. Andrew Thacker represented the landlord.
  • The Little Bookshop has renewed its lease on 1,557 square feet of retail space at 1318 Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Children’s Hospital of the King’s Daughters has expanded into an additional 1,527 square feet of office space in the Hague Medical Building in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Tropical Smoothie has extended its lease on 1,500 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Chesterfield Meadows Veterinary Clinic has renewed its lease on 1,375 square feet of retail space at Chesterfield Meadows, 6535 Centralia Road in Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Vaping Bunnies has extended its lease on 1,120 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
  • Insurance Doctor has renewed its lease on 800 square feet of retail space at Sliding Hill Corner in Ashland, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Cotton & Taylor has extended its lease on 630 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.

With over 113 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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