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S.L. Nusbaum Realty Co. Announces $18.4 Million in Sales and Lease Volume for December 2015

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

Norfolk, VA - (January, 2016) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $18.4 million in sales and lease volume on 282,436 square feet and 11.96 acres of land for the Norfolk and Richmond offices:

NEW LEASES:

  • Baker Roofing of Norfolk, LLC has leased 21,488 square feet of commercial space located at 2043 Church Street in Norfolk, VA. Michael Myers represented the landlord.
  • Sherman Creative Arts has leased 7,700 square feet of retail space at Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher represented the landlord.
  • Precision Pawn has leased 5,850 square feet of retail space at Suffolk Plaza in Suffolk, VA. Chris Hucke represented the landlord.
  • Chesapeake Weight Loss has leased 3,574 square feet of office/retail space at 221 Mount Pleasant Road, Suite A in Chesapeake, VA. Michael Myers handled the transaction.
  • Casby's Kitchen & Tap has leased 3,000 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Checkmark Air Specialists, LLC has leased 2,720 square feet of industrial space at 7527 Avenue J in Norfolk, VA. Mike Zarpas and Seth Norman represented the landlord.
  • Light of the World Ministries has leased 1,800 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • ComServe Corporation has leased 1,420 square feet of retail space at The Shops at Cedar Valley in Williamsburg, VA. Neal Sadler represented the landlord.
  • Woman Beautiful Boutique has leased 1,311 square feet of retail space at Holly Point Shopping Center in Chesapeake, VA. Mike Zarpas and Chris Devine represented the landlord.
  • K and D Personal Care has leased 1,220 square feet of office space at the JANAF Office Building in Norfolk, VA. Seth Norman represented the landlord.
  • Yummy Chinese has leased 1,200 square feet of retail space at Mattress Firm Plaza in Virginia Beach, VA. Chris Hucke and Neal Sadler represented the landlord.
  • Boaz Chiropractic, LLC has leased 1,124 square feet of office space at Courtyard at Providence in Virginia Beach, VA. Seth Norman represented the landlord.
  • Mirman Law Firm, PLLC and Miyares Law Group have leased 753 square feet of office space at the JANAF Office Building in Norfolk, VA. Seth Norman represented the landlord.
  • Jackson Hewitt has leased 657 square feet of retail space at Colley Village in Norfolk, VA. Neal Sadler represented the landlord.
  • Lady Hair Braiding has leased 657 square feet of retail space at Sewells Point Shopping Center in Norfolk, VA. Mike Zarpas represented the landlord.

SALE TRANSACTIONS:

  • Steel Investments, LLC has purchased a 142,369 square foot industrial building on 8 acres located at 401 Woodlake Drive in Chesapeake, VA from AD Distribution, Inc. for $5,825,000. Stephanie Sanker, CCIM, SIOR represented the seller.
  • DMJ NNN III, LLC has purchased an 11,000 square foot CVS building located at 1109 Benn's Church Road in Smithfield, VA from FRO, LLC, for $2,700,000.  Joseph Mersel represented the seller.
  • Jay Bay, LLC has purchased a 21,488 square foot commercial building on 2.18 acres located at 2043 Church Street in Norfolk, VA from Baker & Hitchings Norfolk, LLC for $1,350,000. Michael Myers handled the transaction.  
  • 7-Eleven, Inc. has purchased a 2,994 square foot retail building on 1.01 acre located at 735 E. Ocean View Avenue in Norfolk, VA from Heritage Bank for $1,162,500. Stephanie Sanker, CCIM, SIOR represented the seller.
  • East Coast Waffles, Inc. (d/b/a Waffle House) has purchased .40 acre of land located at 8800 Landmark Road in Henrico, VA from Jefan, LLC for $437,500. Nathan Shor represented the seller.
  • Two Brother Real Estate Holdings, LLC have purchased a 2,196 square foot car wash on .37 acre located at 1641 Independence Blvd. in Virginia Beach, VA from TFP Partners, LLLP for $425,000. Bill Overman, CCIM, John Wessling, CCIM and Chris Devine represented the seller.
  • Tijuana Flats #250, LLC has purchased the Tijuana Flats located at 4224 Virginia Beach Boulevard in Virginia Beach, VA from Taco USA 2, Inc. Ross A. Weinstein, Esq. handled the transaction.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Ollie's Bargain Outlet has exercised its option on 45,900 square feet of retail space located at Regency Hilltop Shopping Center in Virginia Beach, VA.  Michael Gurley represented the landlord.
  • Belk has extended its lease on 45,495 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Reico Kitchen and Bath has extended its lease on 5,198 square feet of retail space at The Shops at Cedar Valley in Williamsburg, VA. Neal Sadler represented the landlord.
  • La Herradurra Mexican Restaurant has extended its lease on 3,897 square feet of retail space at University Village - ODU in Norfolk, VA. Murray Rosenbach represented the landlord.
  • Johnson's Hardware has extended its lease on 3,650 square feet of retail space at Crossing at Deep Creek Shopping Center in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Payless ShoeSource has extended its lease on 3,000 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Friedman's Custom Jewelers has extended its lease on 2,450 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • North Beach Enterprises, Inc. has modified its lease on 1,741 square feet of retail space at 501 Laskin Road in Virginia Beach, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Mirrors Salon & Boutique has extended its lease on 1,000 square feet of retail space at Millwood Plaza Shopping Center in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Lynnhaven Shoe Repair has extended its lease on 900 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Janie's Tailoring has extended its lease on 750 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler 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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