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S.L. NUSBAUM REALTY CO. ANNOUNCES $23 MILLION IN COMPLETED TRANSACTIONS FOR OCTOBER 2019

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

NORFOLK, VA – (November 2019) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $23 million in sales and lease volume on 263,892 square feet and approximately 8 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Taco Bell has ground leased a .50 acre outparcel located at 29th Street and Pacific Avenue in Virginia Beach, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • A&M Enterprises, Inc. has leased 25,854 square feet of industrial space at 1157 Production Road in Norfolk, VA. Michael Myers represented the landlord.
  • H&P Electric Company has leased 9,060 square feet of industrial space at 5764 Arrowhead Drive, in Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.
  • CBRE, Inc. has leased 6,500 square feet of office space at 150 Granby Street in Norfolk, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • Virginia Beach Iron Gym has leased 6,000 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson and Richard Jacobson represented the landlord and Pierce Jacobson represented the tenant.
  • Eastern Virginia Medical Center has leased 5,526 square feet of industrial space at 2409-B Bowdens Ferry Road in Norfolk, VA. Michael Myers handled the transaction.
  • Yummi Crab has leased 5,291 square feet of retail space at 675 Phoenix Drive in Virginia Beach, VA. Martin Murden and Sam Rapoport represented the landlord.
  • John’s Garage, LLC has leased 3,420 square feet of industrial space at 5772 Arrowhead Drive in Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.Atlantic Confections has leased 3,224 square feet of retail space at 2406 Atlantic Avenue in Virginia Beach, VA. Sharon Swanberg represented the landlord.
  • Atlantic Confections has leased 3,224 square feet of retail space at 2406 Atlantic Avenue in Virginia Beach, VA. Sharon Swanberg represented the landlord.
  • Compass Youth Services, LLC has leased 2,437 square feet of office space at 965 Denison Avenue in Norfolk, VA. Ashley Bussey represented the tenant.
  • Latinos in Virginia Empowerment Center has leased 2,300 square feet of office space at Rockwood Office Park in Richmond, VA. Andrew Thacker and Zach Hernandez represented the landlord.
  • Farmville Seventh Day Adventist Church has leased 1,704 square feet of retail space at The Shoppes at College Park in Farmville, VA. Graham Sheridan and Nathan Shor represented the landlord.
  • VH Agency has leased 1,402 square feet of office space at Oakbrooke Professional Center in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • iRite iPhone Repair LLC has leased 1,400 square feet of retail space at Short Pump Station in Glen Allen, VA. Andrew Thacker and Zach Hernandez represented the landlord.
  • Sugar Mama’s BakeShoppe has leased 1,290 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Stratus of Hampton Roads has leased 1,125 square feet of office space at 5269 Greenwich Road, Unit 200 in Virginia Beach, VA. Michael Myers represented the landlord and Ashley Bussey represented the tenant.
  • Tony’s Pizza Express LC has leased 1,100 square feet of retail space at Sliding Hill Corner Shopping Center in Ashland, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Celtic Hills Security LLC has leased 650 square feet of office space at 5172 W. Military Highway, Building 3 in Chesapeake, VA. Ben Leon and Pierce Jacobson represented the tenant.
  • Atlantic Drafting Services LLC has leased 314 square feet of office space at Rockwood Office Park in Richmond, VA. Andrew Thacker and Zach Hernandez represented the landlord.

SALE TRANSACTIONS:

  • Nimmo Properties, LLC has purchased a 14,814 square foot office building on 1.34 acre located at 2117 McComas Way in Virginia Beach, VA from JFS Real Estate, LLC for $2,754,375. Pierce Jacobson represented the buyer.
  • Arihant Steven Kent Mart LLC has purchased Mechanicsville Shopping Center, a 64,000 square foot center located on 5.65 acres at 7506-7528 Mechanicsville Turnpike in Mechanicsville, VA from Mechanicsville Investment & Trading Corp for $2,000,000. Reid Cardon represented the buyer.
  • Professional Place, LLC has purchased a 5,172 square foot flex building located at 822 Professional Place West in Chesapeake, VA from 4th Island LLC for $790,000. Martin Murden represented the seller.
  • 17th Street Properties, LLC has purchased a 6,400 square foot commercial building located on .16 acre at 329 Virginia Beach Boulevard in Virginia Beach, VA from HPR LLC for $750,000. Michael Myers represented the seller.
  • Sweetie Boy Gems LLC has purchased .474 acre of industrial land located at 8801 Metro Court in North Chesterfield, VA from Metro Properties LC for $220,000. Elliot Warsof represented the buyer.
  • W&W Connections LLC has purchased at 1,023 square foot office building located at 301 Twinridge Lane in Chesterfield, VA from T. Ridge LLC for $84,500. Zach Hernandez and David T. Kalman represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS: $7,091,063/ 72,524 SF/ 0 AC

  • Big Lots has exercised its option on 33,599 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Bayview Physicians has renewed its lease on 9,770 square feet of office space at Hague Medical Center in Norfolk, VA. Sharon Swanberg represented the landlord.
  • Center for Cosmetic Surgery has renewed its lease on 7,242 square feet of office space at Hague Medical Center in Norfolk, VA. Sharon Swanberg represented the landlord
  • Rack Room Shoes has extended its lease and expanded to 6,825 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Leisure Fitness has extended its lease on 5,000 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Green Bean Childcare 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.
  • T-Mobile has extended its lease on 2,385 square feet of retail space at Hilltop South Shopping Center in Virginia Beach, VA. Richard Jacobson and Sharon Swanberg represented the landlord.
  • AT & T Prime Communications has renewed its lease on 2,500 square feet of retail space at Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
  • Zero’s Subs has exercised its option on 2,200 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • The Pizza Shop has extended its lease on 2,142 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Marco’s Pizza has exercised its option on 1,500 square feet of retail space at Wythe Creek Shoppes Shopping Center in Hampton, VA. Neal Sadler represented the landlord.
  • Lark Bakery has renewed its lease on 1,450 square feet of retail space at 6102 Brashier Boulevard, Suite F in Mechanicsville, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Allen, Allen, Allen & Allen has renewed its lease on 1,400 square feet of retail/office space at Short Pump Corner in Glen Allen, VA. Bob Butcher and Andrew Thacker represented the landlord.
  • Shoes4U has extended its lease on 1,200 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • H & R Block has extended its lease on 1,200 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Paint N Play has renewed its lease on 928 square feet of retail space at Sycamore Square in Midlothian, VA. Andrew Thacker represented the landlord.
  • Tunic Consignment has renewed its lease 900 square feet of retail space at Short Pump Crossing in Henrico, VA. Bob Butcher represented the landlord.
  • K Nails has extended its lease on 800 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Brenda L. Martinette and Christine Johnson have renewed their lease on 625 square feet of office space at 3300 Tyre Neck Road, Suite G in Portsmouth, VA. Michael Myers 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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