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S.L. NUSBAUM REALTY CO. ANNOUNCES $19 MILLION IN COMPLETED TRANSACTIONS FOR AUGUST 2017

For Immediate Release
Contact: Susan Childress Corporate Marketing Director schildress@slnusbaum.com 757.282.6505
SL Nusbaum X Team

NORFOLK, VA – (September 2017) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $19 million in sales and lease volume on 288,927 square feet and 5.766 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • MCO Transport, Inc. has subleased 93,500 square feet of industrial space at 1400 Cavalier Boulevard, Suite I, J and K in Chesapeake, VA. Michael Myers represented the sublessor.
  • Innovative Delivery Services, LLC has leased 24,340 square feet of industrial space at 1400 Cavalier Boulevard, Suite D, in Chesapeake, VA. Michael Myers represented the tenant.
  • Partee’s 3D Blacklight Mini Golf has leased 12,390 square feet of retail space at 1581 General Booth Boulevard in Virginia Beach, VA. Martin Murden and Sam Rapoport represented the landlord.
  • AutoZone has leased 7,126 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Richard Jacobson and Tyler Jacobson represented the landlord.
  • Rejuvinix Health, LLC has leased 3,482 square feet of office space at 4701 Columbus Street in Virginia Beach, VA. John M. Profilet, SIOR represented the landlord.
  • Decent People has leased 3,430 square feet of retail space at Riverfront Shoppes in Suffolk, VA. Neal Sadler and Chris Hucke represented the tenant.
  • Mattress Liquidators has leased 3,430 square feet of retail space at Shops at Arboretum in Midlothian, VA. Elliot Warsof represented the tenant.
  • World Class Taekwondo has leased 2,979 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • SPARC has leased 2,500 square feet of retail space at 100 N. Main Street in Suffolk, VA. Mike Zarpas represented the landlord.
  • Insights Training Group, LLC has leased 2,486 square feet of office space in the JANAF Office Building at 5900 E. Virginia Beach Boulevard in Norfolk, VA. Seth Norman represented the landlord.
  • Xanadu Hair Salon has leased 2,400 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Safelite Group, Inc. has leased 2,400 square feet of retail space at 2215 Richmond Road in Williamsburg, VA. J.C. Wynkoop represented the landlord.
  • Su McNeill, DMD, PLLC has leased 1,658 square feet of office space at 1011 W. Little Creek Road in Norfolk, VA. Pierce Jacobson, Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Taska Parker, CPA has leased 1,654 square feet of office space at Highwoods One in Glen Allen, VA. Elliot Warsof represented the landlord.
  • OneMain Financial has leased 1,472 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
  • Muse Salon has leased 1,400 square feet of retail space at Glenwood Square in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Boxed Gourmet has leased 1,300 square feet of retail space at Cypress Point Shopping Center in Virginia Beach, VA. J.C. Wynkoop and Chris Devine represented the tenant.
  • Holistic Farmacy has leased 1,000 square feet of retail space at Warwick Denbigh Shopping Center in Newport News, VA. Neal Sadler represented the landlord.
  • Reynolds Law Group PLLC has leased 782 square feet of office space at 109 E. Main Street, Suite 412 in Norfolk, VA. Michael Myers handled the transaction.

SALE TRANSACTIONS:

  • Lap Lien Plaza, LLC has purchased Midway Shopping Center, a 31,930 square foot center located at 849 E. Little Creek Road in Norfolk, VA from P&W Enterprises, Inc. for $3,450,000. Chris Zarpas and Mike Zarpas represented the seller.
  • Colgin Properties, LLC has purchased a 7,233 square foot commercial building located at 1099 Independence Boulevard in Virginia Beach, VA from Tennant Properties of VA, LLC for $3,400,000. Joseph Mersel and J.C. Wynkoop represented the buyer.
  • ZCal, LLC has purchased the Shoppes at Moyock, a 7,042 square foot shopping center on .97 acre located at 105 Currituck Commercial Drive in Moyock, NC from Shoppes at Moyock, LLC for $1,550,000. Michael Zarpas and Joseph Mersel represented the buyer.
  • PZ RE Holding, LLC has purchased 5,113 square feet of office space located at 4768 Euclid Road, Unit 103 and 106 in Virginia Beach, VA from Oasis Realty, LLC for $875,913. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • Mercantile, LLC has purchased an 11,356 square foot industrial building located on 1.284 acres at 1164 Kingwood Drive in Norfolk, VA from Kingwood Properties, Inc. for $760,500. Stephanie Sanker, CCIM, SIOR represented the seller.
  • 6803 Staples Mill Rd LLC has purchased a 4,592 square foot office/warehouse building located at 6803 Staples Mill Road in Henrico, VA from M.R. Ellis Plumbing for $275,000. Nathan Shor and Elliot Warsof represented the seller.
  • Roger E. Woodington & Glenda B. Woodington Trust has purchased .33 acre of land located at 3412 Mariner Avenue in Portsmouth, VA from Crodick Properties for $275,000. Pierce Jacobson and Chris Zarpas represented the seller.
  • Squadron Ct, LLC has purchased 1.842 acres located at 2509 Squadron Court in Virginia Beach, VA from Oceana South Commerce Center, LLC for $275,000. Cheyney Cole, CCIM represented the seller.
  • BeauNate, LLC has purchased 1.34 acres of land located at 2820 Yadkin Road in Chesapeake, VA from I.E.T., LLC for $90,000. Bill Overman, CCIM and John Wessling, CCIM represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Bounce House has extended its lease on 13,000 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • David’s Bridal has renewed its lease on 10,069 square feet of retail space at Hanes Square in Winston-Salem, NC. Nathan Shor represented the landlord.
  • Outback Steakhouse has extended its lease on 6,200 square feet of retail space at Huguenot Village Shopping Center in Richmond, VA. Frank Cowling, CCIM and Bob Butcher represented the landlord.
  • Advanced Metal Coatings, Inc. has renewed its lease on 6,000 square feet of industrial space at 5780C Arrowhead Drive in Virginia Beach, VA. Michael Myers represented the landlord.
  • Compound Crossfit, LLC has renewed its lease on 5,000 square feet of industrial space located at 905 Live Oak Drive in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
  • Bangkok Garden Restaurant has extended its lease on 4,320 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Cox Communications has extended its lease on 4,075 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Music & Arts Center has extended its lease on 4,000 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Natural Elements Salon and Spa has exercised its option on 3,119 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Whalebone Surf Shop has extended its lease on 3,080 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Tobacco 4 Less has extended its lease on 3,000 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • International Marine & Industrial Applicators, LLC has renewed its lease on 2,415 square feet of industrial space at 728 High Street in Portsmouth, VA. Chris Zarpas represented the landlord.
  • KidzWorld has extended its lease on 2,200 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Ed’s Shoe Repair has extended its lease on 2,160 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Michael Gurley represented the landlord.
  • Tobacco Inn has relocated into 1,795 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
  • Leonard I. Nunnally, III, DDS, P.C. has extended its lease on 1,670 square feet of office space at Grove Park Square in Glen Allen, VA. Andrew Thacker represented the landlord.
  • Domino’s has extended its lease on 1,680 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Albano Cleaners has extended its lease on 1,500 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
  • George’s Family Restaurant has leased 1,440 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Computer Enterprises, Inc. has renewed its lease on 1,200 square feet of office space located at 1294 Diamond Springs Road in Virginia Beach, VA. Seth Norman represented the tenant.
  • Pet Grooming Hilltop has extended its lease on 1,000 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Invitation to Party has extended its lease on 864 square feet of office space at Sycamore Square in Midlothian, VA. Andrew Thacker represented the landlord.
  • Richmond Reading Resources has extended its lease on 696 square feet of office space at Sycamore Square in Midlothian, VA. Andrew Thacker 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 111 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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