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S.L. NUSBAUM REALTY CO. ANNOUNCES $30 MILLION IN COMPLETED TRANSACTIONS FOR MAY 2017

For Immediate Release
Contact: Susan Childress Corporate Marketing Director schildress@slnusbaum.com 757.282.6505
SL Nusbaum X Team

NORFOLK, VA – (June 2017) 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 334,800 square feet and 9.53 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Shoe City has leased 6,197 square feet of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • Clean Cut Graphics, LLC has leased 5,000 square feet of retail space at 5652 E. Virginia Beach Boulevard in Norfolk, VA. Seth Norman represented the landlord.
  • Brick and Mortar Brewing Company LLC has leased 4,670 square feet of retail space at 212-218 E. Washington Street in Suffolk, VA. Sam Rapoport represented the landlord.
  • Nephrology Associates of Tidewater, Ltd. has leased 4,440 square feet of office space at Fort Norfolk Plaza in Norfolk, VA. John M. Profilet, SIOR handled the transaction.
  • TNJ Auto Sales and Service LLC has leased 4,320 square feet of commercial space at 2700 Airline Boulevard in Portsmouth, VA. Michael Myers handled the transaction.
  • Zoe’s Kitchen has leased 2,453 square feet of retail space at Hilltop East Shopping Center in Virginia Beach, VA. J.C. Wynkoop represented the tenant.
  • Jasmines Nail & Spa has leased 2,250 square feet of retail space at Village at Swift Creek in Midlothian, VA. Bob Butcher represented the landlord.
  • Berkshire Hathaway Homes Services Towne Realty has leased 2,282 square feet of office space at 300 32nd Street in Virginia Beach, VA. John M. Profilet, SIOR and Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Handman Matters has leased 1,900 square feet of office space at Chesterfield Business Center in Chesterfield, VA. Elliot Warsof represented the tenant.
  • Sub Zero Ice Cream has leased 1,600 square feet of retail space located at Kempsriver Crossing in Virginia Beach, VA. J.C. Wynkoop represented the tenant.
  • Mix It Up Vape has leased 1,425 square feet of retail space at Creekside Village in Suffolk, VA. Neal Sadler represented the landlord.
  • Andy’s Barber Shop has leased 1,282 square feet of retail space at Colley Village in Norfolk, VA. Neal Sadler represented the landlord.
  • Liberty Staffing has leased 1,279 square feet of office space at the JANAF Office Building in Norfolk, VA. Seth Norman represented the landlord.
  • OldSkool Video Games & More has leased 1,100 square feet of retail space at Suffolk Village in Suffolk, VA. Chris Hucke represented the landlord.
  • Liberty Tax Service has leased 825 square feet of retail space at Suffolk Village in Suffolk, VA. Chris Hucke represented the landlord.
  • Kentarsha’s Boutique has leased 800 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
  • Zachary Lampert and Kenneth Lampert have leased 601 square feet of office space at the JANAF Office Building in Norfolk, VA. Seth Norman represented the landlord.
  • King’s Café has leased 522 square feet of office space 355 Crawford Street in Portsmouth, VA. John M. Profilet, SIOR represented the landlord.
  • LaMansion LLC has leased 131 square feet of office space at 2620 S Plaza Trail in Virginia Beach, VA. Chris Devine represented the landlord.

SALE TRANSACTIONS:

  • Cedar Grove Partners VI LLC has purchased 123,936 square feet of multifamily property located on 3.99 acres at 3900 Forest Hill Avenue and 600 Westover Hills Boulevard in Richmond, VA from Park Chateau Associates LLC for $6,250,000. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • Excel Realty Holdings, LLC has purchased a 14,400 square foot Walgreens located on 1.74 acres at 2301 Lakeland Drive in Dallas, TX from AJC Drugstore, LLC for $5,675,000. Joseph Mersel represented the buyer.
  • Sharon Baptist Church has purchased Raceway Plaza, a 29,953 square foot shopping center on 2.5 acres located at 500 East Laburnum Avenue in Richmond, VA from WB Enterprises, LLC for $1,750,000. Nathan Shor represented the seller.
  • KIE Enterprises LLC has purchased an 8,214 square foot office properties on .83 acre located at 808 Eden Way N. in Chesapeake, VA from Oceanfront Investors LLC for $1,400,000. Ashley Bussey, Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • EastPearl Holding, LLC has purchased Military Square, a 7,150 square foot shopping center on .4775 acre located at 5720 Hoggard Road in Norfolk, VA from ZCal, LLC for $1,250,000. Mike Zarpas represented the seller.
  • Livewire Battery Supply, Inc. has purchased three Batteries Plus Bulbs (businesses only) located in Newport News, Williamsburg and Hampton, VA from Kylie Chase, Inc. Ross A. Weinstein, J.D. handled the transaction.
  • Master Yi’s Olympic Taekwondo has purchased a 15,000 square foot office/warehouse located at 54 Plaza Drive in Manakin-Sabot, Virginia from Richard Murad for $940,000. Nathan Shor represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Rommel Chesapeake, Inc. has renewed its lease on 20,000 square feet of retail space at Shore Plaza Shopping Center in Exmore, VA. Mike Zarpas and Sam Rapoport represented the landlord.
  • Octapharma Plasma, Inc. has renewed its lease on 15,700 square feet of retail space at Midway Shopping Center in Norfolk, VA. Mike Zarpas and Chris Zarpas represented the landlord.
  • The Salvation Army has renewed its lease on 15,380 square feet of retail space at 901 Eden Way in Chesapeake, VA. Michael Myers represented the tenant.
  • Goodwill has extended its lease on 15,000 square feet of retail space at College Park Square in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Advanced Metal Coatings, Inc. has renewed its lease on 6,000 square feet of industrial space at 5780C Arrowhead Drive in Virginia Beach, VA. Michael Myers represented the landlord and Seth Norman represented the tenant.
  • Brook Run Vision Center has renewed its lease on 4,815 square feet of retail space at Brook Run Shopping Center in Richmond, VA. Nathan Shor represented the tenant.
  • Freewheelin Bike Shop has extended its lease on 4,200 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Bountiful Blessings Daycare has extended its lease on 4,150 square feet of commercial space at 412 Bank Street in Norfolk, VA. Michael Myers handled the transaction.
  • Batteries Plus Bulbs has extended its lease on 2,500 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Axsom Martial Arts has extended its lease on 3,000 square feet of retail space at Warwick Village in Newport News, VA. Tyler Jacobson represented the landlord.
  • Pro Nails has extended its lease on 850 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • VRX 1 has renewed its lease on 800 square feet of office space at the Children’s Medical Tower in Norfolk, VA. John M. Profilet, SIOR represented the landlord.
  • Glenda’s Bulalohan has extended its lease on 675 square feet of retail space at Princess One in Virginia Beach, VA. Murray Rosenbach 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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