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S.L. NUSBAUM REALTY CO. ANNOUNCES $19 MILLION IN COMPLETED TRANSACTIONS FOR MARCH 2021

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

NORFOLK, VA (April 2021) - 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 297,771 square feet and approximately 17 acres for the Norfolk and Richmond Offices: 

NEW LEASES:

  • EIMSKIP has subleased 50,400 square feet of industrial space at 2000 Enterprise Parkway in Hampton, VA. Pierce Jacobson and Martin Murden represented the sublessee.
  • Surplus Freight has leased 26,000 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.
  • Surplus Furniture has leased 16,361 square feet of retail space in Park South Shopping Center at 798 Southpark Boulevard in Colonial Heights, VA. Graham Sheridan, Nathan Shor and Zach Hernandez represented the landlord.
  • McDonald Garden Center Market has leased parking lot space for an outdoor market at Glenwood Square Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
  • Street Food Revolutionaries has leased 7,500 square feet of retail space at 2500 Church Street in Norfolk, VA. Martin Murden represented the tenant and Chris Zarpas represented the landlord.
  • Oceano Restaurant has leased 4,651 square feet of restaurant space at 1352 Sycamore Square in Midlothian, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Towne Auto Brokers, Inc. has leased 4,500 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
  • Dustin Owen LLC has leased 3,684 square feet of retail space at 4058 E. Grace Street in Richmond, VA. Thomas Langston and Andrew Thacker represented the landlord and Zach Hernandez represented the tenant.
  • Gilbert & Albiston, P.L.C. has leased 3,045 square feet of office space at 1321 Laskin Road in Virginia Beach, VA. Sam Rapoport and Stephanie Sanker, CCIM, SIOR represented the landlord and Martin Murden represented the tenant.
  • Offshore Angels LLC has leased 2,400 square feet of retail space at 3440 Trant Avenue in Virginia Beach, VA. Neal Sadler and Chris Hucke represented the tenant.
  • Bay Local has leased 2,250 square feet of retail space at 2913 Shore Drive in Virginia Beach, VA. Neal Sadler and Chris Hucke represented the tenant.
  • Photography of MJ, LLC has leased 2,151 square feet of retail space at Knell’s Ridge Commons, Unit 500 in Chesapeake, VA. Mike Zarpas represented the landlord.
  • Race Flow Development, LLC has leased 1,800 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
  • Dunkin’ has leased 1,500 square feet of retail space at 1603 Boulevard in Colonial Heights, VA. Andrew Thacker and Nathan Shor represented the tenant.
  • Third Eye Comics LLC has leased 1,457 square feet of retail space in Creighton Crossing Shopping Center at 6102 Brashier Boulevard, Suite H in Mechanicsville, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Gellman Medical, LLC has leased 1,456 square feet of office space at 6330 North Center Drive in Norfolk, VA. Ashley Bussey represented the tenant.
  • Royal Couture Boutique has leased 1,365 square feet of retail space at Greenwood Shopping Center in Hampton, VA. Mike Zarpas and Martin Murden represented the landlord.
  • Sassy Nails has leased 1,200 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Maggie Spillane and Murray Rosenbach represented the landlord.
  • State Farm has leased 1,200 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Bare Bikini & Brow Bar LLC has leased 1,170 square feet of retail space at Turnberry Crossing Shopping Center in Newport News, VA. Mike Zarpas and Ben Leon represented the landlord.
  • Ocean Spa & Massage has leased 1,137 square feet of retail space in Oxbridge Square Shopping Center at 9901 Hull Street Road in Richmond, VA. Graham Sheridan and Nathan Shor represented the landlord.
  • Queen Bea’s Royal Apparel, Books & Café has leased 1,100 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • MBS Child Wellness Center, LLC has leased 1,022 square feet of office space at 3000 Coliseum Drive in Hampton, VA. Ashley Bussey and John M. Profilet, SIOR represented the landlord.
  • Rita’s Italian Ice has leased 1,000 square feet of retail space at 3244 Holland Road, Unit D in Virginia Beach, VA. Doug Aronson represented the landlord and Martin Murden represented the tenant.
  • Bay Shore Cleaners has leased 624 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.

SALE TRANSACTIONS:

  • The Kent Mall, LLC has purchased Rustburg Marketplace, a 46,700 square foot shopping center on 8.55 acres in Rustburg, VA from Rustburg Ventures, LLC for $4,700,000. Doug Aronson and Nathan Shor represented the seller.
  • Whitehouse Cove Marina LLC has purchased the Whitehouse Cove Marina on 3.13 acres at 105 Rens Road in Poquoson, VA from Whitehouse Cove, LLC. Matthew Nusbaum represented the buyer.
  • Barnhart Crane and Rigging Company has purchased a 34,312 square foot industrial building on 4.79 acres located at 835 Wilson Road in Chesapeake, VA from Burton Lumber Corporation for $2,400,000. Ben Leon and Sam Rapoport represented the seller.
  • Truckmount Forums LLC has purchased a 4,029 square foot industrial property on .28 acre located at 1728 South Park Court in Virginia Beach, VA from Kenrich Properties, L.C. for $549,900. Chris Devine represented the seller.
  • Weisleder LLC has purchased a 1,801 square foot industrial property on .042 acre at 1004 N. Sheppard Street in Richmond, VA from Linda O. Wegscheider for $365,000. Elliot Warsof and Reid Cardon represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Dollar Tree Stores has renewed its lease on 18,884 square feet of retail space in Chesterfield Meadows Shopping Center at 6449 Centralia Road in Chesterfield, VA. Bob Butcher represented the landlord.
  • Goodwill has exercised its option on 15,000 square feet of retail space at College Park Square Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Dollar Tree has exercised its option on 10,500 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Maggie Spillane and Murray Rosenbach represented the landlord.
  • Taco Bell has extended its lease on an outparcel at Glenwood Shoppes in Norfolk, VA. Richard Jacobson represented the landlord.
  • Boogie’s Soul Food & Lounge, LLC has extended its lease on 4,920 square feet of restaurant space at 154-156 W. Washington Street in Suffolk, VA. Sam Rapoport represented the Landlord.
  • Truist Bank has extended its lease on 2,800 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Pizza Bella Vista by Signorelli has extended is lease on 1,860 square feet of retail space at Knell’s Ridge Commons, Unit 600 in Chesapeake, VA. Mike Zarpas represented the landlord.
  • Bowles Jewelers has extended its lease on 1,750 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Tony’s Unisex Barber College has extended its lease on 1,730 square feet of retail space at 731 Monticello Avenue in Norfolk, VA. Michael Myers handled the transaction.
  • Inaka Sushi has extended its lease on 1,680 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Chris Hucke represented the landlord.
  • Phone Repair Guy has extended its lease on 1,200 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.
  • Hanna LLC has renewed its lease on 846 square feet of office space in Rockwood Office Park at 9409 Hull Street Road, Suite B in N. Chesterfield, VA. Andrew Thacker and Zach Hernandez represented the landlord.
  • LA Nails has extended its lease on 800 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Cotton & Taylor Insurance has extended its lease on 630 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Atlantic Dental Care, PLC has expanded its lease by 615 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • Velasco Realty Group has relocated to 364 square feet of office space in Rockwood Office Park at 9409 Hull Street Road, Suite F1 in N. Chesterfield, VA. Andrew Thacker and Zach Hernandez represented the landlord.
  • Regents, LLC has renewed its lease on 234 square feet of office space in Rockwood Office Park at 9413 Hull Street Road, Suite C1 in N. Chesterfield, VA. Andrew Thacker and Zach Hernandez represented the landlord.

 

With over 115 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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