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S.L. NUSBAUM REALTY CO. ANNOUNCES $40 MILLION IN COMPLETED TRANSACTIONS FOR JULY 2018

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

NORFOLK, VA – (August 2018) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $40 million in sales and lease volume on 127,069 square feet and approximately 56 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Gold Key/PHR Development, LLC has leased 12,505 square feet of retail space at Loehmann’s Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Binns of Williamsburg has leased 10,802 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Richard Jacobson and Tyler Jacobson represented the landlord.
  • VB Laskin Road II LLC has leased 9,203 square feet of retail space at 327 Laskin Road in Virginia Beach, VA. Martin Murden, Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • R E Michel Company, LLC has leased 9,000 square feet of industrial space located at 1808 Roseneath Road in Richmond, VA. Nathan Shor and Reid Cardon represented the landlord.
  • All Stars Premium Sportswear has leased 7,835 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Kingdom Pursuers International has leased a 6,250 square foot church property located at Rockwood Office Park, Unit 9401 in N. Chesterfield, VA. Andrew Thacker and Colin Williams represented the landlord.
  • Dental Specialty Center of Virginia Beach has leased 3,373 square feet of office space at the Offices at Landstown Commons in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Seth Norman represented the landlord.
  • Cold Press III has leased 2,733 square feet of retail space at the Wells Fargo Center in Norfolk, VA. Richard Jacobson, Sharon Swanberg and Andrew Nusbaum represented the landlord.
  • Paden Cold Storage LLC has leased 2,200 square feet of industrial space at 5400 Virginia Beach Boulevard in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Pierce Jacobson represented the landlord.
  • Leisure Dental has leased 2,100 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
  • Norfolk Halal Grocery has leased 2,000 square feet of retail space at Thomas Corner in Norfolk, VA. Murray Rosenbach represented the landlord.
  • Civil Works Contracting, LLC has leased 1,830 square feet of office space at 184 Business Park Drive in Virginia Beach, VA. Pierce Jacobson represented the tenant.
  • Toscano Law Group has leased 1,300 square feet of retail space at 2400 Princess Anne Road in Virginia Beach, VA. Chris Zarpas handled the transaction.
  • Linda’s Fashions has leased 1,250 square feet of retail space at 728 High Street in Portsmouth, VA. Chris Zarpas handled the transaction.
  • Chin’s Cleaners has leased 1,200 square feet of retail space at Wythe Creek Shoppes in Hampton, VA. Neal Sadler represented the landlord.
  • Allstate has leased 1,157 square feet of retail space at Creekside Village Shopping Center in Suffolk, VA. Neal Sadler represented the landlord.
  • Redline Auto Sales, LLC has leased 1,050 square feet of retail space located at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas and Seth Norman represented the landlord.
  • Reclaim It Boutique has leased 970 square feet of retail space at 301 25th Street in Virginia Beach, VA. Martin Murden represented the tenant.
  • Central Virginia Healthcare Association, LLC has leased 580 square feet of office space in Rockwood Office Park, Unit 9507, in N. Chesterfield, VA. Andrew Thacker and Zack Brenner handled the transaction.
  • USAA Federal Savings Bank has leased ATM space located at Hampton Boulevard Plaza in Norfolk, VA. Mike Zarpas represented the landlord.

SALE TRANSACTIONS:

  • Dollar Bank, FSB has purchased a 2,603 square foot retail building on .61 acre located at 839 Lynnhaven Parkway in Virginia Beach, VA from Branch Banking and Trust for $1,500,000. Sam Rapoport and Michael Gurley represented the buyer.
  • Hutton Exchange Tappahannock, VA, LLC has purchased 4.99 acres of land located at 1616 Tappahannock Boulevard in Tappahannock, VA from Southern States Cooperative, Inc. for $850,000. Nathan Shor represented the buyer.
  • Michael Barber/Carytown Burgers and Fries, has purchased a 1,916 square foot restaurant and business located at 3449 W. Cary Street in Richmond, VA from Nacho Mama’s, Inc. and Cantu Property, LLC for $665,000. Janet Moore, CCIM and Elliot Warsof represented the buyer.
  • VB Tuna LLC has purchased a 5,300 square foot multifamily property located at 220 and 224 Glendale Avenue in Norfolk, VA from COLA Properties LLC for $445,000. Chris Devine represented the seller and Martin Murden represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Buffet City has extended its lease on 9,600 square feet of retail space at Holland Windsor Crossing in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Wood and Iron Gameday Restaurant and Bar has renewed its lease on 6,654 square feet of retail space at The Shoppes at Bellgrade in Midlothian, VA. Bob Butcher represented the landlord.
  • ABC Store has extended its lease and expanded to 6,387 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
  • D’Art Center has renewed its lease on 4,795 square feet of office space located at 740 Duke Street in Norfolk, VA. Michael Myers represented the landlord.
  • Tazza Kitchen has expanded into an additional 900 square feet, for a total of 4,100 square feet of retail space at Short Pump Crossing in Henrico, VA. Bob Butcher represented the landlord.
  • Virginia Beach Pawn & Jewelry has exercised its option on 1,800 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Office Express Plus has extended its lease on 1,344 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
  • Royal Nails has extended its lease on 1,344 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
  • Lollar Law has extended its lease on 1,062 square feet of office space located at 109 E. Main Street, Suite 501, Norfolk, VA. Michael Myers represented the landlord.
  • Jody G has exercised its option on 1,020 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Pet Grooming Hilltop has extended its lease on 1,000 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • LA Nails has extended its lease on 800 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.

With over 112 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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