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S.L. NUSBAUM REALTY CO. ANNOUNCES $56 MILLION IN COMPLETED TRANSACTIONS FOR DECEMBER 2020

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

NEW LEASES:

  • Ace Hardware has leased 10,130 square feet of retail space in Dunlop Village Shopping Center at 1 Dunlop Village in Colonial Heights, VA. Reid Cardon and Nathan Shor represented the tenant.
  • The Prop Shop has leased 9,790 square feet of industrial space at 3407 Carlton Street in Richmond, VA. Reid Cardon and Nathan Shor represented the landlord.
  • Three Notch’d Craft Kitchen & Brewery has leased 7,897 square feet of retail space at The Town Center of Virginia Beach in Virginia Beach, VA. Chris Hucke and Neal Sadler represented the tenant.
  • Babylon Micro Farms Inc. has leased 7,600 square feet of industrial space at 3409 Carlton Street in Richmond, VA. Reid Cardon and Nathan Shor represented the landlord.
  • YWCA has leased 7,416 square feet of office space at 306 E. Main Street in Richmond, VA. Zach Brenner and Nathan Shor represented the landlord.
  • HomeCo/Stover Holdings has leased 4,580 square feet of industrial space at 6969 Tidewater Drive in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Mihaly Contracting has leased a 4,000 square foot industrial building on .22 acre located at 1104 Jensen Drive in Virginia Beach, VA. Martin Murden and Pierce Jacobson represented the tenant.
  • The Good Feet Store has leased 2,979 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Blaze Pizza has leased 2,800 square feet of retail space in Tanglewood Mall Shopping Center at 4420 Electric Road in Roanoke, VA. Andrew Thacker and Nathan Shor represented the tenant.
  • Suburban Capital, Inc. has leased 2,734 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
  • MIG Gov, LLC has leased 2,688 square feet of flex space at Birdneck Business Center in Virginia Beach, VA. Pierce Jacobson and Ben Leon represented the landlord.
  • Supernova has leased 1,395 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • Atlas Credit Company, Inc. has leased 1,290 square feet of retail space in Victory West Shopping Center at 2886-B Airline Boulevard in Portsmouth, VA. Mike Zarpas handled the transaction.
  • Domino’s Pizza has leased 1,250 square feet of retail space at The Shoppes at Patriots Landing at 7410 Cooper Tavern Road, in Quinton, VA. Andrew Thacker and Nathan Shor represented the landlord.
  • Hampton Roads Connector Partners has ground leased 2 acres of industrial land located at 6969 Tidewater Drive in Norfolk, VA. Stephanie Sanker, CCIM, SIOR handled the transaction.
  • Pratt Recycling has ground leased 2 acres of manufacturing land located at 5412 US Business 70 in Durham, NC. Fenton Childers represented the tenant.
  • Public Safety Management, Inc. has leased 700 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • A Encouraging Blessing Home Health Care LLC has leased 625 square feet of office space in Churchland Professional Center at 3300 Tyre Neck Road, Suite G in Portsmouth, VA. Michael Myers represented the landlord.

SALE TRANSACTIONS: 

  • MMAC Acquisition Group has purchased the GreenGate Medical Office Building, a 45,652 square foot medical office building on .461 acre located at 3400 Haydenpark Lane in Richmond, VA for $17,952,000. Nathan Shor, Reid Cardon, Chris Zarpas and Chris Devine facilitated the transaction.
  • Hampton Heights One, LLC, Hampton Heights Two, LLC and Hampton Heights Three, LLC has purchased a 38,400 square foot retail building on 3.068 acres at 8400 Midlothian Turnpike in Richmond, VA from Midlothian Pike Center, Inc. for $5,425,000. Mike Zarpas represented the seller.
  • Sisters II, LLC has purchased a 16,190 square foot retail building on 1.34 acres located at 751 J. Clyde Morris Boulevard in Newport News, VA from TPTI J Clyde, LLC for $3,400,000. Chris Zarpas represented the buyer.
  • J&J Equities has purchased an 8,584 square foot medical office building on 1.199 acres located at 4122 Partnership Way in Locust Grove, VA from LG Complex LP for $3,000,000. Chris Zarpas and Sam Rapoport represented the buyer.
  • AMC 8, LLC has purchased a 31,692 square foot retail building on 4.4 acres at 2736 Mall Drive in Virginia Beach, VA from JLB Property Associated LLC for $2,500,000. Pierce Jacobson represented the buyer.
  • J&J Equities, LLC has purchased a 9,100 square foot Dollar General on 2.22 acres located at 8255 Patrick Henry Highway in Green Bay, VA from PAR 5 Development Group, LLC for $1,594,000. Chris Zarpas and Sam Rapoport represented the buyer.
  • Lovell Family III, LLC et al has purchased the Kroger Fuel Center located at 1712 Sentinel Drive in Chesapeake, VA from W.J. Vakos & Company for $1,510,000. Doug Aronson represented the seller.
  • Bean-Town Holdings, LLC has purchased Wythe Shopping Center, a 23,857 square foot shopping center on 1.7 acres located at 2201 Kecoughtan Road in Hampton, VA from 2201 Kecoughtan, LLC for $1,210,000. Mike Zarpas represented the buyer.
  • R and J Motel Management Inc. has purchased a 13,745 square foot retail building on 1.42 acres located at 2040 N. Battlefield Boulevard in Chesapeake, VA from The Runnymede Corporation for $890,000. Bill Overman, CCIM, John Wessling, CCIM and Chris Devine represented the buyer.
  • Gem Asset Holdings, LLC has purchased the Krystal Restaurant, a 2,051 square foot commercial building on .45 acre located at 1045 Ellis Avenue in Jackson, MS from 1045 Ellis Avenue Owner, LLC for $625,000. Doug Aronson represented the seller.
  • Craig Johnson, LLC has purchased a 5,000 square foot commercial building on 1.25 acres located at 860 Portsmouth Boulevard in Suffolk, VA from Lee-Ann Properties, LLC for $550,000. Mike Zarpas represented the seller.
  • Ellet Valley Investments, LLC has purchased The Bondurant Center, a 33,000 square foot commercial building on .253 acre located at 1129 E Main Street in Radford, VA from Lester Development Corporation for $340,000. Nathan Shor, Zach Hernandez and Fenton Childers represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • FEEDMORE has extended its lease on 58,473 square feet of retail space at Brook Run Shopping Center at 5620 Brook Road in Richmond, VA. Elliot Warsof represented the tenant.
  • HII Fleet Support Group has extended its lease on 15,000 square feet of industrial space at 1155 Pineridge Road in Norfolk, VA. Stephanie Sanker, CCIM represented the landlord.
  • Heritage Natural Market has extended its lease on 10,148 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Advance Auto Parts has extended its lease on 10,000 square feet of retail space at 1720-1728 E. Little Creek Road in Norfolk, VA. Nathan Jaffe represented the landlord.
  • Children’s Hospital of the King’s Daughters, Inc. has extended its lease on 7,000 square feet of industrial space at 1155 Pineridge Road in Norfolk, VA. Stephanie Sanker, CCIM represented the landlord.
  • Verizon has exercised its option on 4,254 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Kitchen Barn has extended its lease on 3,606 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Baker’s Fine Jewelry & Gifts has extended its lease on 3,548 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Moe’s Southwest Grill has extended its lease on 3,000 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Sunny Cleaners has extended its lease on 2,600 square feet of retail space at Millwood Plaza in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • AT&T Prime Communications has extended its lease on 2,500 square feet of retail space at Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
  • MyEyeDr has extended its lease on 1,980 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Zero’s Subs has extended its lease on 1,637 square feet of retail space at Monarch Way at ODU. Pierce Jacobson and Maggie Spillane represented the landlord.
  • T-Mobile has extended its lease on 1,500 square feet of retail space at Marketplace Shoppes Phase IV in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Lynnhaven Shoe Repair has extended its lease on 1,260 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Studio M Hair Design has extended its lease on 1,253 square feet of retail space at The Shops at Cedar Valley in Williamsburg, VA. Neal Sadler represented the landlord.
  • DiGiorgio Chiropractor has extended its lease on 1,245 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Nail Tech has extended its lease on 1,080 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler and Maggie Spillane represented the landlord.
  • Floral Designs Helga Macko, LLC has extended its lease on 1,000 square feet of retail space at 1440 N. Great Neck Road in Virginia Beach, VA. John M. Profilet, SIOR and Neal Sadler represented the landlord.
  • Top Tailor has extended its lease on 824 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • 1st Nails has extended its lease on 800 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson 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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