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S.L. NUSBAUM REALTY CO. ANNOUNCES $26 MILLION IN COMPLETED TRANSACTIONS FOR FEBRUARY 2021

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

NORFOLK, VA (March 2021) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $26 million in sales and lease volume on 138,066 square feet and approximately 12 acres for the Norfolk and Richmond Offices:

NEW LEASES: 

  • Agent Wall Systems, Inc. has leased 15,000 square feet of industrial space at 1532 Ingleside Road in Norfolk, VA. Michael Myers represented the landlord.
  • HY Wholesale LLC has leased 13,840 square feet of industrial space at 3559-63 Argonne Avenue in Norfolk, VA. Michael Myers handled the transaction.
  • Ogburn Construction, Inc. has leased 7,500 square feet of industrial space at 5772 Arrowhead Drive in Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.
  • WB Marketing has leased 5,564 square feet of office space at 251 Granby Street in Norfolk, VA. Pierce Jacobson and Ben Leon represented the landlord.
  • Green Holdings, LLC has ground leased .834 acre of land located at 8201 Brook Road in Richmond, VA. Nathan Shor represented the landlord.
  • LeCrepe Gourmet LLC has leased 3,340 square feet of retail space in Gayton Crossing Shopping Center at 9872 Gayton Road in Richmond, VA. Zach Hernandez represented the tenant.
  • K-Tec Nails Bar has leased 3,000 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Maggie Spillane represented the landlord.
  • Coldpressed 004 LLC has leased a 2,599 square foot retail building on .97 acre located at 1676 General Booth Boulevard in Virginia Beach, VA. Chris Devine, John Wessling, CCIM and Bill Overman, CCIM represented the landlord.
  • Allaround Electric, Inc. has leased 2,375 square feet of flex space at 625 Innovation Drive in Chesapeake, VA. Pierce Jacobson represented the landlord.
  • Modyintique Interiors has leased 1,550 square feet of retail space at 321 Laskin Road in Virginia Beach, VA. Martin Murden represented the landlord.
  • Infinity Payment Systems LLC has leased 1,500 square feet of office space in The Park Phase III at 4190 Innslake Drive, Suite 4196A in Glen Allen, VA. Elliot Warsof represented the tenant.
  • Herbal Market has leased 1,320 square feet of retail space at College Park Square in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Elegant Styles by Tia Hair Restoration Services and Salon, LLC has leased 960 square feet of retail space in the Courtyard at Providence in Virginia Beach, VA. Pierce Jacobson represented the landlord.
  • GreenWood Home has leased 920 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Ecomaids has leased 600 square feet of office space at 10049 Midlothian Turnpike, Suite F in N. Chesterfield, VA. Thomas Langston represented the tenant.

SALE TRANSACTIONS:

  • MVP Clermont, LLC has purchased a 9,744 square foot retail building on 1.63 acres located at 1615 E. Highway 50 in Clermont, FL from Van 1615 Clermont, LLC for $5,867,000. Doug Aronson represented the buyer.
  • Breeden Investment Properties, Inc. has purchased 5.0575 acres of land located at Phase I, Blocks D&E, Section II, Huntington Point in Newport News, VA from Huntington Point, LLC for $3,520,000. C. Cheyney Cole, CCIM represented the buyer.
  • Gwynn-Reed Enterprises, LLC has purchased a 10,036 square foot medical office building on 1.84 acres located at 1817 Republic Road in Virginia Beach, VA from Vitruvian Property Group, LLC for $2,650,000. Chris Zarpas and Chris Devine represented the seller.
  • Maggy May LLC has purchased a 7,600 square foot multifamily property on .34 acre located at 3901-3903 Cutshaw Avenue in Richmond, VA from Cutshaw Park MSML, LLC for $1,960,000. Austin Newman represented the seller.
  • DAB Building LLC has purchased a 9,000 square foot industrial/flex building on 1 acre located at 13451 East Boundary Road in Midlothian, VA for $835,000. Elliot Warsof represented the buyer.
  • 692 J Clyde, LLC has purchased .66 acre of land located at 692 J. Clyde Morris Boulevard in Newport News, VA from Samuel Page Stewart for $400,000. Mike Zarpas and Ben Leon represented the buyer.
  • Michael E. Klett has purchased a 1,551 square foot residential/commercial condo located at 215 Brooke Avenue, Unit D in Norfolk, VA from John W. and Patricia C. Harris for $205,000. Michael Myers represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Rite Aid has extended its lease on 12,021 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Ruth’s Chris Steak House has renewed its lease on 9,205 square feet of restaurant space in The Shoppes at Bellgrade at 11400 W. Huguenot Road in Midlothian, VA. Bob Butcher represented the landlord.
  • Total Image Beauty Supply has extended its lease on 5,176 square feet of retail space at Church Street Crossing in Norfolk, VA. Neal Sadler represented the landlord.
  • Home Co/Stover Holdings has extended its lease on 4,580 square feet of industrial space at 6969 Tidewater Drive in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • The Giambancos LLC has expanded into 4,527 square feet of extended its lease in Bowles Farm Plaza Shopping Center at 7500 Jackson Arch Drive in Mechanicsville, VA. David Kalman and Nathan Shor represented the landlord.
  • Reginella’s has exercised its option on 4,480 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Maggie Spillane represented the landlord.
  • Eurasia Café and Wine Bar has extended its lease on 4,086 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
  • 360 Plumbing Service LLC has exercised its option on 3,489 square feet of industrial space at 13513 E Boundary Drive, Suite D in Chesterfield, VA. Elliot Warsof represented the tenant.
  • Gregory P. Jellenek, OD & Associates, PC has extended its lease on 3,000 square feet of retail space at Monticello Marketplace Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • School Crossing has extended its lease on 3,000 square feet of retail space at Monticello Marketplace Shopping Center in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Sunkissed Tan has extended its lease on 2,400 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler and Maggie Spillane represented the landlord.
  • The Globe has extended its lease on 1,800 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Make Something Studio has extended its lease on 1,425 square feet of retail space at Creekside Village Shopping Center in Suffolk, VA. Neal Sadler represented the landlord.
  • 7 Cities Law, PLLC has renewed its lease on 1,297 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • New China Restaurant has extended its lease on 1,200 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Commonwealth Employee Benefit Solutions, Inc. has renewed its lease on 920 square feet of office space at 3300 Tyre Neck Road, Suite One in Portsmouth, VA. Michael Myers represented the landlord.
  • Festive Creations has renewed its lease on 871 square feet of retail space at 1318 Sycamore Square in Midlothian, VA. Andrew Thacker represented the landlord.
  • First Nails has extended its lease on 800 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • The S.E.E. Boutique has renewed its lease on 773 square feet of retail space at 1244 Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Flexi-Dent has renewed its lease on 697 square feet of retail space at 1256 Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Life Beauty Supply has extended its lease on 630 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler and Maggie Spillane 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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