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S.L. NUSBAUM REALTY CO. ANNOUNCES $20 MILLION IN COMPLETED TRANSACTIONS FOR SEPTEMBER 2017

For Immediate Release
Contact: Susan Childress Corporate Marketing Director schildress@slnusbaum.com 7572826505
SL Nusbaum X Team

NORFOLK, VA – (October 2017) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $20 million in sales and lease volume on 280,152 square feet and 1.652 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Rock Bottom Golf has leased 83,739 square feet of industrial space at 324 Moore Avenue, Building 7 in Suffolk, VA. Michael Myers represented the tenant.
  • A&M Enterprises has leased 16,276 square feet of industrial space at 1197 Production Road in Norfolk, VA. Michael Myers represented the landlord.
  • Hooray, LLC has leased 6,000 square feet of retail space located at 2137 Upton Drive in Virginia Beach, VA. J.C. Wynkoop represented the tenant.
  • Tidewater Kidney Specialists, Inc. has leased 3,774 square feet of office space at Fort Norfolk Plaza in Norfolk, VA. John M. Profilet, SIOR represented the landlord.
  • TNDO Gym, LLC has leased 3,500 square feet of general commercial space at 3456 Chandler Creek Road in Virginia Beach, VA. Pierce Jacobson and John M. Profilet, SIOR represented the landlord.
  • Parlay’s Restaurant has leased 3,070 square feet of retail space at Harris Plaza in Virginia Beach, VA. Seth Norman and Murray Rosenbach represented the landlord.
  • AVAIL Vapor has leased 1,800 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
  • Jimmy John’s has leased 1,625 square feet of retail space at 1009 Centerbrooke Lane in Suffolk, VA. J.C. Wynkoop represented the tenant.
  • Muse Salon has leased 1,400 square feet of retail space at Glenwood Square in Chesapeake, VA. Murray Rosenbach represented the Landlord.
  • Artistry in Motion has leased 1,200 square feet of retail space at Chesterfield Meadows South in Chesterfield, VA. Bob Butcher represented the landlord.
  • Top Tier Law Group has leased 1,300 square feet of office space at 2406 Princess Anne Road in Virginia Beach, VA. Chris Zarpas represented the landlord.
  • African Braids Salon has leased 630 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.

SALE TRANSACTIONS:

  • SAS VA II, LLC has purchased a 5,220 square foot general commercial building on .39 acre located at 1748 Virginia Beach Boulevard in Virginia Beach, VA from Kiritkumar L. Patel and Hansa K. Patel for $835,000. Bill Overman, CCIM, John Wessling, CCIM and Chris Devine represented the buyer and seller.
  • Three 3629, LLC has purchased a 3,503 square foot restaurant building located at 3629 & 3633 Shore Drive in Virginia Beach, VA from Joseph B. John for $690,000. Martin Murden and Seth Norman represented the seller and Joseph Mersel represented the buyer.
  • BOING Properties LLC has purchased an 898 square foot restaurant building on .51 acre located at 754 J. Clyde Morris Boulevard in Newport News, VA from Wells Fargo Bank, N.A. for $620,300. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • CHUNG LLC has purchased .752 acre located at 8800 Landmark Road in Henrico, VA from JEFAN LLC for $500,000. Nathan Shor represented the seller.
  • Moliar Liquid Assets 7, LLC has purchased Croaker’s Inc. (business) for $150,000. Martin Murden and Seth Norman represented the seller and Joseph Mersel represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS: 

  • Food Lion has extended its lease on 42,600 square feet of retail space at The Crossings at Deep Creek in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Jordan Young Institute for Joint Reconstruction and Sports Medicine, PC has renewed its lease on 20,000 square feet of office space at Cleveland Office Park II in Virginia Beach, VA. John M. Profilet, SIOR represented the tenant.
  • Dollar Tree has extended its lease on 18,884 square feet of retail space at Chesterfield Meadows in Chesterfield, VA. Bob Butcher represented the landlord.
  • CRS Marble and Granite, LLC has renewed its lease on 18,200 square feet of industrial space at 513 Viking Drive in Virginia Beach, VA. John M. Profilet, SIOR represented the landlord.
  • Tuesday Morning has extended its lease on 11,915 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
  • True North Tactical, LLC has renewed its lease on 9,100 square feet of industrial space at the Spring Building in Virginia Beach, VA. John M. Profilet, SIOR represented the landlord.
  • Applebee’s has extended its lease on 5,775 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • NY Nails has extended its lease on 4,320 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Michael Gurley represented the landlord.
  • Gino’s Pizza has extended its lease on 3,000 square feet of retail space at Chesterfield Meadows in Chesterfield, VA. Bob Butcher represented the landlord.
  • Franco’s has extended its lease on 1,800 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Domino’s has extended its lease on 1,680 square feet at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Inyodo Martial Arts Academy has exercised its option on 1,540 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Southern Loans has extended its lease on 1,500 square feet of retail space at Roanoke Rapids Plaza in Roanoke Rapids, NC. Michael Gurley represented the landlord.
  • Coastal Café has extended its lease on 1,200 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Suffolk BBQ has extended its lease on 1,100 square feet of retail space at Suffolk Village Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Boost Mobile has extended its lease on 1,080 square feet of retail space at University Shoppes in Norfolk, VA. Neal Sadler represented the landlord.
  • Metro PCS has extended its lease on 1,000 square feet of retail space at College Park Square in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • E.E. Boutique has renewed its lease on 773 square feet of retail space located at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Professional Touch Barbers has extended its lease on 750 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke 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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