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S.L. NUSBAUM REALTY CO. ANNOUNCES $23 MILLION IN COMPLETED TRANSACTIONS FOR MAY 2021

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

NORFOLK, VA (June 2021) - 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 314,565 square feet and approximately 14 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Pinnacle 31 LLC has ground leased 2.26 acres of land at 521 Laskin Road in Virginia Beach, VA. Bill Overman, CCIM, John Wessling, CCIM and Martin Murden represented the landlord.
  • Continental Terminals, Inc. has leased 91,552 square feet of industrial space at 324 Moore Avenue, Building 2, in Suffolk, VA. Michael Myers represented the tenant.
  • Financial Literacy of America has leased 4,495 square feet of office space at Greenwood Shopping Center in Hampton, VA. Mike Zarpas and Martin Murden represented the landlord.
  • Northside Gourmet has leased 3,702 square feet of retail space at Jackson Ward, 701 N. 1st Street, Suite B in Richmond, VA. Elliot Warsof, Graham Sheridan and Nathan Shor represented the landlord.
  • Atlantic Bingo Supply, Inc. has leased 3,600 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
  • Hackworth Graphics-Printing-Technology has leased 3,500 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Swagat Indian Cuisine has leased 2,500 square feet of retail space in Chesterfield Meadows Shopping Center at 6423 Centralia Road in Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Fast Signs has leased 2,500 square feet of retail space at 3940 Plank Road in Fredericksburg, VA. Elliot Warsof represented the landlord.
  • Waterloo Games LLC has leased 2,100 square feet of retail space in Mechanicsville Shopping Center at 7512 Mechanicsville Turnpike in Mechanicsville, VA. Reid Cardon represented the landlord.
  • RWI Fusion Corp has leased 2,008 square feet of retail space at Jackson Ward, 701 N. 1st Street, Suite A in Richmond, VA. Elliot Warsof, Graham Sheridan and Nathan Shor represented the landlord.
  • Yours Truly Salon has leased 1,980 square feet of retail space at 24 W. Brookland Park Boulevard in Richmond, VA. Graham Sheridan and Elliot Warsof represented the landlord.
  • Stone4Kitchen has leased 1,925 square feet of retail space at Volvo Parkway Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
  • Strength Alive LLC has leased 1,662 square feet of retail space in Tuckernuck Commons Shopping Center at 9125 W. Broad Street in Richmond, VA. Graham Sheridan and Elliot Warsof represented the tenant.
  • Tu Do Services has leased 1,400 square feet of retail space at Greenwood Shopping Center in Hampton, VA. Mike Zarpas and Martin Murden represented the landlord.
  • Inlet Properties, LLC has leased 1,255 square feet of office space at 613 17th Street in Virginia Beach, VA. Michael Myers represented the tenant.
  • Hampton Roads Radiology has leased 1,140 square feet of office space at 582 Lynnhaven Parkway in Virginia Beach, VA. Chris Devine represented the tenant.
  • Sonia & Ngone Hair Braiding has leased 1,000 square feet of retail space at Arrowhead Plaza Shopping Center in Virginia Beach, VA. Maggie Spillane represented the tenant.
  • Brows by Nikka has leased 950 square feet of retail space at Greenwood Shopping Center in Hampton, VA. Mike Zarpas and Martin Murden represented the landlord.

SALE TRANSACTIONS:

  • Norfolk Corporate and Distribution Center, LLC has purchased a 44,170 SF industrial property on 2 acres located at 5908 Thurston Avenue in Virginia Beach, VA from JDP 2004 Properties, LLC for $3,425,000. Chris Devine represented the seller.
  • 1215 St. Julian, LLC has purchased a 23,475 square foot industrial property on 5.52 acres located at 1215 St. Julian Avenue in Norfolk, VA for $1,400,000. Stephanie Sanker, CCIM, SIOR represented the buyer.
  • SimIS Holdings, LLC has purchased a 21,014 square foot retail property on .60 acre located at 817-825 High Street in Portsmouth, VA from Meyers & Tabakin, Inc. for $800,000. Michael Myers represented the seller.
  • Ches PZ LLC has purchased an 8,200 square foot office building on .60 acre located at 524 Albemarle Drive in Chesapeake, VA from Shore Drive Self Storage Corporation. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • 15488 Warwick, LLC has purchased 1.24 acres of land located at 15488 Warwick Boulevard in Newport News, VA from Par 5 Development Group, LLC for $465,000. Mike Zarpas represented the seller and Nathan Shor represented the buyer.
  • Chesapeake Bay ENT Holdings, LLC has purchased a 3,706 square foot office building on .13 acre located at 130 W. York Street in Norfolk, VA from Gerald M. Zeno for $400,000. Martin Murden, Chris Devine and Matthew Nusbaum represented the seller.
  • B&B One, LLC has purchased a 2,600 square foot retail building on .31 acre located at 3351-53 Chesapeake Boulevard in Norfolk, VA from Advantage Investments, LLC for $305,000. Mike Zarpas represented the seller.
  • Jeffrey V. Townsend and Rennee Townsend have purchased a 4,920 square feet of retail space located at 154-156 W. Washington Street in Suffolk, VA from 154-156 W. Washington St. LLC for $300,000. Sam Rapoport represented the seller.
  • GS Investment, LLC purchased a 4,984 square foot retail building on .287 acre located at 2004-08 S. Sycamore Street, Petersburg, VA from Charitable Landlord Virginia, LLC for $240,000.  David T. Kalman represented the buyer.
  • SOMB Properties, LLC has purchased .60 acre of land located at 960 Canal Drive in Chesapeake, VA from Helen P. Gavaris Revocable Trust for $85,000. Mike Zarpas represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Food Lion has extended its lease on 44,609 square feet of retail space at Glenwood Square Shopping Center in Chesapeake, VA. Murray Rosenbach and Maggie Spillane represented the landlord.
  • Sleepy’s has exercised its option on 6,545 square feet of retail space at Volvo Parkway Shopping Center in Chesapeake, VA. Murray Rosenbach and Maggie Spillane represented the landlord.
  • Rent-A-Center has extended its lease on 4,651 square feet of retail space at James York Plaza in Williamsburg, VA. Maggie Spillane and Neal Sadler represented the landlord.
  • Rangoli Grocery has renewed its lease on 3,375 square feet of retail space in 360 West Shopping Center at 7206 Hull Street Road in Richmond, VA. Graham Sheridan and Nathan Shor represented the landlord.
  • NY Nails has extended its lease on 2,160 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Chris Hucke represented the landlord.
  • Virginia Beach Pawn has extended its lease on 1,800 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Backyard Birder Seed & Supply has exercised its option on 990 square feet of retail space at Quarterpath Crossing Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • MIG Gov, LLC has expanded to 425 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon 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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