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S.L. NUSBAUM REALTY CO. ANNOUNCES $18 MILLION IN COMPLETED TRANSACTIONS FOR JULY 2019

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

NORFOLK, VA – (August 2019) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $18 million in sales and lease volume on 173,745 square feet and approximately 5 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Dollar Tree Stores has leased 12,390 square feet of retail space at Dam Neck Square Shopping Center located at 1577 General Booth Boulevard in Virginia Beach, VA. Mike Zarpas, Martin Murden, Matthew Nusbaum and Sam Rapoport represented the landlord.
  • United States Postal Service has leased 7,500 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
  • Paschall’s One Price Cleaners has leased 7,344 square feet of retail space at Indian River Shopping Center located at 886 S. Military Highway in Virginia Beach, VA. Mike Zarpas represented the landlord.
  • Hook & Reel Seafood Restaurant has leased 6,214 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
  • The Tasty Crab has leased 6,000 square feet of retail space in Turnberry Crossing located at 12638 Jefferson Avenue in Newport News, VA. Mike Zarpas and Ben Leon represented the landlord.
  • Aerocare Holdings, Inc. has leased 5,000 square feet of office space at 321 Ed Wright Lane in Newport News, VA. Ashley Bussey represented the tenant.
  • Phenomenal Spirits, Inc. has leased a 4,700 commercial condo located at 2401 Castleton Commerce Way in Virginia Beach, VA. Neal Sadler and Chris Hucke represented the tenant.
  • MealOne has leased 3,620 square feet of retail space at Jefferson Shoppes in Newport News, VA. Neal Sadler represented the landlord.
  • Regency Dance Academy has leased 3,225 square feet of retail space in Quioccasin Station located at 8968 Quioccasin Road, #8, in Richmond, VA. Elliot Warsof represented the landlord.
  • Burger King has leased 2,800 square feet of retail space in Glenside & Broad Shopping Center in Henrico, VA. Nathan Shor and Jim Gresock represented the landlord.
  • BreatheEZ Fitness Studio LLC has leased 2,533 square feet of retail space in Denbigh Village Centre located at 14346 Warwick Boulevard, Suite 466 in Newport News, VA. Ben Leon represented the tenant.
  • SinnerG Tattoo has leased 2,294 square feet of retail space at 315 E. Broad Street in Richmond, VA. Elliot Warsof represented the tenant
  • Picaso International has leased 1,969 square feet of retail space in Park South Shopping Center in Colonial Heights, VA. Graham Sheridan represented the landlord.
  • Jeffrey S. Katz, PHD, PC and Schiller Coaching Services, PC have leased 1,875 square feet of office space at 309 Lynnhaven Parkway, Suite 100 in Virginia Beach, VA. Bill Overman, CCIM, John Wessling, CCIM and Martin Murden represented the tenant.
  • Plantbar has leased 1,500 square feet of retail space at 2100 W. Cary Street, Unit A, in Richmond, VA. Elliot Warsof and Zach Brenner represented the landlord.
  • Epic Vapor Company and CBD Emporium has leased 1,250 square feet of retail space at Kensington Square located at 2815 Godwin Boulevard, Unit D in Suffolk, VA. Mike Zarpas represented the tenant.
  • The Collective has leased 1,020 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Eclectica Gallery LLC has leased 1,000 square feet of retail space in Sycamore Square Shopping Center in Midlothian, VA. Andrew Thacker represented the landlord.

SALE TRANSACTIONS:

  • Vibe Holdings LLC has purchased a 7,242 square foot retail building on 2.7 acres located at 5700 & 5718 E. Virginia Beach Boulevard in Norfolk, VA from Spencer Family, LLC for $1,400,000. Michael Myers handled the transaction.
  • 3601 Price Club Blvd Assoc, LLC (Dunkin Donuts) has purchased a 2,508 square foot retail building on 1.02 acre located at 3601 Price Club Boulevard in Midlothian, VA from NET LEASE FUNDING 2005, LP (Wendys) for $865,000. Nathan Shor and Andrew Thacker represented the buyer.
  • Riverside Food, LLC has purchased the Moe’s Southwest Grill (business only) located at 237 S. Battlefield Boulevard in Chesapeake, VA and 5222 Fairfield Shopping Center in Virginia Beach, VA from Food Folks & Fun of Virginia, LLC. Ross A. Weinstein, J.D. represented the seller.
  • 100 W21 LLC has purchased a 4,423 square foot retail building on .27 acre located at 100 W. 21st Street in Norfolk, VA from Steven Barry Snyder for $800,000. Michael Myers represented the seller.
  • 119 Investments, LLC has purchased a 23,580 square foot commercial building on .44 acre located at 119 E. Princess Anne Road and 122 11th Street in Norfolk, VA from Frank Spicer Company, Inc. for $700,000. Mike Zarpas represented the buyer.
  • 600 W. 24th Street LLC has purchased a 6,784 square foot industrial building on .20 acre located at 600 W. 24th Street in Norfolk, VA from Helen Kapos for $275,000. Mike Zarpas represented the seller.
  • KHH Properties LLC has purchased a 3,000 square foot flex property located at 109 S. First Colonial Road, Suite 122 in Virginia Beach, VA from Larry J. Abrams and Karla D. Abrams for $135,000. Chris Devine represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Yukai Byuffe has extended its lease on 9,500 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Counts Hallmark has renewed its lease on 4,984 square feet of retail space at Chesterfield Meadows Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
  • Trek has exercised its option on 4,000 square feet of retail space a Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Academy of Dance & Gymnastics has extended its lease on 3,988 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Green Bean has extended its lease on 3,935 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • It’s Chic Again has renewed its lease on 3,600 square feet of retail space in Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher represented the landlord.
  • Duncan’s Posh Salon has exercised its option on 3,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Five Guys Burgers has extended its lease on 2,515 square feet of retail space at Raceway Market Center in Indianapolis, IN. Andrew Nusbaum and Matthew Nusbaum represented the landlord.
  • RVA Eye Care Optometrists has renewed its lease on 2,000 square feet of retail space in Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
  • On Point Transportation PR, LLC has extended its lease on 2,000 square feet of office space at 5269 Greenwich Road, Unit 101 in Virginia Beach, VA. Michael Myers represented the landlord.
  • Light of the World Ministries has extended its lease on 1,800 square feet of retail space at Kempsville Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Dances with Wool has renewed its lease on 1,500 square feet of retail space in Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher represented the landlord.
  • Brew has renewed its lease on 1,375 square feet of retail space in Chesterfield Meadows Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
  • GameStop has extended its lease on 1,200 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Lava Vape has extended its lease on 900 square feet of retail space at Buckner Retail Center in Virginia Beach, VA. Chris Hucke represented the landlord.
  • Hair Braiding has extended its lease on 624 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson 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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