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S.L. NUSBAUM REALTY CO. ANNOUNCES $45 MILLION IN COMPLETED TRANSACTIONS FOR SEPTEMBER 2021

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

NORFOLK, VA (October 2021) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $45 million in sales and lease volume on 219,481 square feet and approximately 18 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Babylon Micro Farms has leased 9,790 square feet of industrial space at 3407 Carlton Street in Richmond, VA. Reid Cardon and Nathan Shor represented the landlord.
  • Professional Auto Care LLC has leased 3,000 square feet of retail space at 4825 W. Broad Street in Richmond, VA. Austin Newman, SIOR represented the landlord.
  • Glynden Blu Logistics, LLC has leased 2,400 square feet of industrial space at 1435 Gust Lane in Chesapeake, VA. Ashley Bussey represented the landlord.
  • The Selfie Lounge has leased 2,373 square feet of retail space in Waterlick Plaza Shopping Center at 3412 Waterlick Road, Unit 3, in Lynchburg, VA. David Kalman and Nathan Shor represented the landlord.
  • Spero Health of Virginia LLC has leased 2,174 square feet of office space at 2502 Broadway Avenue in Roanoke, VA. Fenton Childers represented the tenant.
  • Democratic Party has leased 1,575 square feet of retail space at Meadowbrook Shopping Center in Norfolk, VA. Maggie Spillane represented the landlord.
  • AT & T Authorized Retailer has leased 1,500 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Chick Fil-A has leased temporary office space at Edinburgh Commons Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
  • Bellenny Wholesale has leased 1,200 square feet of retail space at Town Center Station Shopping Center in Virginia Beach, VA. Martin Murden and Murray Rosenbach represented the landlord.
  • Ynot Italian has leased 1,187 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Gift of Therapy and Consulting, LLC has leased 1,060 square feet of office space at 3300 Tyre Neck Road, Suite A, in Portsmouth, VA. Michael Myers represented the landlord.
  • First Home Mortgage has leased 1,000 square feet of office space at 3751-A Westerre Parkway in Richmond, VA. Elliot Warsof represented the landlord.
  • Emskip Logistics, Inc. has leased 5 acres of land located at 1276 Baker Road in Virginia Beach, VA. Martin Murden represented the tenant.
  • Samantha Rudolph Photography has leased 750 square feet of retail space at The Crossing at Deep Creek Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
  • Tribal Imports has leased 406 square feet of retail space in Ridgewood Farms Shopping Center at 1935 Electric Road in Salem, VA. Fenton Childers represented the landlord.
  • Thomas A. Cecil has leased 332 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.

SALE TRANSACTIONS:

  • HHP Virginia Beach LLC has purchased Arbor Trace Apartments located at 624 Suhtai Court in Virginia Beach, VA from Ginkgo Arbor Trace LLC for $28,175,000. Paul Peck, Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • The Branch Group Inc. has purchased a 58,690 square foot office building on 9.45 acres located at 3631 Peters Creek Road in Roanoke, VA from Kroger Limited Partnership I for $3,125,000. Fenton Childers and Austin Newman, SIOR represented the seller.
  • Lakeview Capital, LLC has purchased The Strand, a 10,200 square foot retail building located at 3244 Holland Road, Building A, in Virginia Beach, VA from Holland Warwick, LLC for $2,020,000. Doug Aronson represented the seller.
  • Riptide II LLC has purchased a 4,842 square foot commercial building on 1 acre located at 11602 and 11604 Jefferson Avenue in Newport News, VA from Michael D. Sifen Inc. for $1,300,000. Chris Zarpas, Mike Zarpas and Chris Devine represented the buyer.
  • Virginia Seafood LLC has purchased .72 acre located at 1640 General Booth Boulevard in Virginia Beach, VA from R&R Capital Virginia LLC for $1,200,000. Neal Sadler and Chris Hucke represented the buyer.
  • SiamATD LLC has purchased a 2,154 square foot AT&T location on .49 acre located at 3225 Elton Road in Johnstown, PA from L&L Elton Road Partnership for $668,000. Doug Aronson represented the buyer.
  • Living Destiny Tabernacle has purchased an 8,068 square foot religious facility on 1.25 acres located at 550 E. Little Creek Road in Norfolk, VA from Royster Memorial Presbyterian Church of Norfolk, Inc. for $425,000. Ben Leon represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • East Coast Logistics of VA, LLC has renewed its lease and expanded to 25,600 square feet of industrial space at 5721 Bayside Road in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • DAV Thrift Store has exercised its option on 11,880 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
  • EVMS has renewed its lease on 5,526 square feet of industrial space at 2049-B Bowdens Ferry Road in Norfolk, VA. Michael Myers handled the transaction.
  • Rituals Salon and Spa has renewed its lease on 5,500 square feet of retail space in The Shoppes at Bellgrade at 11400 W. Huguenot Road in Midlothian, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • US Army Corps of Engineers has renewed its lease on 4,000 square feet of retail space at Meadowbrook Shopping Center in Norfolk, VA. Maggie Spillane represented the landlord.
  • Affordable Dentures has exercised its option on 3,825 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Maggie Spillane represented the landlord.
  • Goodman & Sons Jewelry has exercised its option on 3,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Boost Mobile has renewed its lease on 2,361 square feet of retail space in 360 West Shopping Center at 7102 Hull Street Road in Richmond, VA. Thomas Langston and Nathan Shor represented the landlord.
  • RVA Eye Care has renewed its lease on 2,000 square feet of retail space in Short Pump Crossing Shopping Center at 3410 Pump Road in Henrico, VA. Bob Butcher and Andrew Thacker represented the landlord.
  • The UPS Store has exercised its option on 1,800 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Sweet Frogs Frozen Yogurt has extended its lease on 1,540 square feet of retail space at Volvo Parkway Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
  • Jenny’s Nails has renewed its lease on 1,200 square feet of retail space at The Crossing at Deep Creek Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
  • Smoker’s Express has extended its lease on 1,200 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler and Maggie Spillane represented the landlord.
  • Boost has extended its lease on 1,200 square feet at James York Plaza Shopping Center in Williamsburg, VA. Neal Sadler and Maggie Spillane represented the landlord.
  • VA Vape & Smoke Shop has renewed its lease on 1,187 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • The Collective has extended its lease on 1,020 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Alessio C. Salsano MD Internal Medicine has renewed its lease on 960 square feet of office space in Courtyard at Providence in Virginia Beach, VA. Pierce Jacobson represented the landlord.
  • Jennifer D. Oram-Smith, P.C. has extended its lease on 805 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • Swan Cleaners has renewed its lease on 750 square feet of retail space in Chesterfield Meadows Shopping Center at 6517 Centralia Road in Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Helen’s Tailoring has extended its lease on 750 square feet of retail space at Great Neck Village Shopping Center in Virginia Beach, VA. Neal Sadler 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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