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S.L. NUSBAUM REALTY CO. ANNOUNCES $30 MILLION IN COMPLETED TRANSACTIONS FOR JANUARY 2020

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

NORFOLK, VA – (February 2020) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $30 million in sales and lease volume on 287,826 square feet and approximately 15.5 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Home-Makers Furniture has leased 25,000 square feet of retail space at Chesterfield Plaza Shopping Center in Midlothian, VA. Bob Butcher represented the landlord.
  • Virginia Alcoholic Beverage Control Authority has leased 6,600 square feet of retail space at 408 Laskin Road in Virginia Beach, VA. Martin Murden and Cheyney Cole, CCIM represented the landlord.
  • ASP Coastal Virginia has leased 2,955 square feet of flex condo space located at 543 Central Drive in Virginia Beach, VA. Pierce Jacobson represented the tenant.
  • Column 15 Coffee has leased 2,505 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler represented the landlord.
  • Ruby Scoops has leased 2,384 square feet of retail space at 300 W. Brookland Park Boulevard in Richmond, VA. Zach Hernandez represented the landlord.
  • Scrap U has leased 2,293 square feet of retail space at Rockwood Plaza Shopping Center in Midlothian, VA. Elliot Warsof represented the landlord.
  • America’s Best Wings has leased 1,710 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Mike Zarpas represented the tenant and Neal Sadler represented the landlord.
  • Shear Luxury Beauty Industries, LLC has leased 1,480 square feet of retail space at Greenbrier Village in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Lotus Foot Spa has leased 1,230 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
  • Teamcraft Roofing Inc. has leased 1,200 square feet of flex space located at 5111-B Witchduck Court in Virginia Beach, VA. Seth Norman represented the landlord.
  • Go Mattress has leased 1,200 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler represented the landlord.
  • Grafton Pack and Mail has leased 920 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • Blo Hookah Lounge LLC has leased 900 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.
  • Clayborne Education, LLC has leased 765 square feet of office space at 1108 C Westbriar Drive in Richmond, VA. Tom Langston represented the tenant.
  • Gade of Virginia, LLC has leased 465 square feet of office space in Rockwood Office Park in Midlothian, VA. Andrew Thacker and Zach Hernandez represented the landlord.
  • Regents, LLC has leased 234 square feet of office space at Rockwood Office Park in Midlothian, VA. Andrew Thacker and Zach Hernandez represented the landlord.
  • Jennifer Velasco has leased 225 square feet of office space located at Rockwood Office Park in Midlothian, VA. Andrew Thacker and Zach Hernandez represented the landlord.
  • Wells Fargo ATM has leased drive-up ATM space at Glenside and Broad Shopping Center in Richmond, VA. Nathan Shor and Jim Gresock represented the landlord.

SALE TRANSACTIONS:

  • SWNC-Little Creek, LLC has purchased Little Creek Marketplace, a 49,161 square foot shopping center located at 7870 Tidewater Drive in Norfolk, VA. Bill Overman, CCIM and John Wessling, CCIM represented the buyer and Doug Aronson represented the seller.
  • VCC Partners LLC & Shamin VCC LLC have purchased the 109,313 square foot former Macy’s Virginia Center Commons Mall located on 9.077 acres at 10101 Brook Road in Glen Allen, VA from Impact Investment Group for $2,000,000. David T. Kalman represented the seller.
  • 27TH Street Enterprises, LLC has purchased a 36,764 square foot industrial property located at 1034, 1048, 1060 W. 27th Street and 1039, 1041, 1043, 1045 W. 35th Street in Norfolk, VA from Tidelands Realty & Southshore Development Corp for $1,950,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • 2 Bridges, LLC has purchased a 4,500 square foot retail property located on 1 acre at 3803 Oleander Drive in Wilmington, NC from Sisters II, LLC for $1,900,000. Chris Zarpas represented the seller.
  • Porpoise, LLC has purchased a 3,000 square foot multifamily property on .16 acre located at 602 20th Street in Virginia Beach, VA from Cherry Motel, Inc. for $372,500. Cheyney Cole, CCIM represented the seller.
  • Porpoise, LLC has purchased a 2,500 square foot multifamily property on .16 acre located at 600 20th Street in Virginia Beach, VA from Goldner Investments LLC for $372,500. Cheyney Cole, CCIM represented the seller.
  • Zak & Adam, Inc. has purchased a 2,200 square foot commercial building on .13 acre located at 900 Airline Boulevard in Portsmouth, VA from GHH Loudoun High, LLC for $225,000.Michael Myers handled the transaction.

 LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Phillips & Peters, PLLC has renewed its lease on 4,820 square feet of office space at 109 E. Main Street, Suites 600, 610, 650 in Norfolk, VA. Michael Myers represented the landlord.
  • Moncreif Amusement, Inc. has expanded its lease to 4,600 square feet at 2012 E Victory Boulevard in Portsmouth, VA. Martin Murden and Chris Zarpas represented the tenant.
  • School Crossing has extended its lease on 3,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Massage Envy has extended its lease on 3,600 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • VA ABC has renewed its lease on 2,500 square feet of retail space at Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
  • US Government Marine/Navy Recruiting Offices has renewed its lease on 1,950 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Jersey Mike’s has renewed its lease on 1,598 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Nails Only has extended its lease on 1,425 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
  • Savor the Olive has extended its lease on 1,236 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Nation Nails III has renewed its lease on 1,200 square feet of retail space located at Wythe Creek Shoppes in Hampton, VA. Neal Sadler represented the landlord.
  • Festive Creations has renewed its lease on 871 square feet at Sycamore Square Shopping Center in Midlothian, VA. Andrew Thacker represented the landlord.
  • Allstate has renewed its lease on 825 square feet of retail space at Buckner Retail Center in Virginia Beach, VA. Chris Hucke represented the landlord.
  • Flexi-Dent has renewed its lease on 697 square feet of space at Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher represented the landlord.

With over 114 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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