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S.L. NUSBAUM REALTY CO. ANNOUNCES $7.8 MILLION IN COMPLETED TRANSACTIONS FOR FEBRUARY 2018

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

NORFOLK, VA – (March 2018) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $7.8 million in sales and lease volume on 100,709 square feet and 24.48 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • MP Island Café has leased 6,200 square feet of retail space at 6109 E. Virginia Beach Boulevard, Suites A and B in Norfolk, VA. Seth Norman represented the landlord.
  • Belfor USA Group, Inc. has leased 5,000 square feet of industrial space at 1155 Pineridge Road in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord, Sam Rapoport represented the landlord and tenant and Chris Devine represented the tenant.
  • Your Pie has leased 3,500 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Jeweler’s Services, Inc. has leased 1,375 square feet of retail space located at Chesterfield Meadows Shopping Center in Chesterfield, VA. Andrew Thacker represented the landlord.
  • International Brazilian Bahia Fashion has leased 1,370 square feet of retail space at Sycamore Square Shopping Center in Midlothian, VA. Andrew Thacker represented the landlord.
  • Mini Materials LLC has leased 800 square feet of industrial space at 352 Cleveland Place, Suite 103 in Virginia Beach, VA. Martin Murden represented the tenant.
  • RAW Affects, LLC has leased 189 square feet of office space at Rockwood Office Park in Richmond, VA. Andrew Thacker represented the landlord.

SALE TRANSACTIONS:

  • 5784 LLC has purchased two industrial buildings totaling 37,950 square feet on 2 acres at 5780 and 5784 Arrowhead Drive in Virginia Beach, VA from 5784 Property, LLC for $2,136,256. Michael Myers represented the seller.
  • Valor Apartments Phase II, L.P. has purchased 21 acres of land located at 44 Briscoe Lane in Fredericksburg, VA from Gloria B. Whittaker for $1,800,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • Sweetie Boy Gems, LLC has purchased a 5,432 square foot industrial building on 1 acre located at 8805 Metro Court in North Chesterfield, VA from 2713 Decatur Street, LLC for $590,000. Elliot Warsof represented the buyer.
  • 510 Holding LLC has purchased .15 acre of land located at 508 18th Street in Virginia Beach, VA from Tojo Long Term Investments, LLC for $370,000. Cheyney Cole, CCIM represented the buyer.
  • Atlantic Corporate Leasing, LLC has purchased a 1,530 square foot office condominium located at 620 Prosperity Way in Chesapeake, VA from The Convergent Group, LLC for $212,500. Stephanie Sanker, CCIM, SIOR represented the buyer.
  • Bowen Family Holdings LLC has purchased a 2,700 square foot retail property located at 1501 Hamilton Avenue in Portsmouth, VA from the Albano Family Limited Partnership II for $187,500. Chris Hucke and Neal Sadler represented the buyer.
  • B & L Investment Group, LLC has purchased a 1,520 square foot office property located at 930 Jett Street in Norfolk, VA from Cardinal T.V. & Audio Service Company, Inc. for $150,000. Chris Devine and Sam Rapoport represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Henrico Furniture has renewed its lease on 14,603 square feet of retail space at Huguenot Village Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
  • Advanced Metal Coatings, Inc. has extended its lease on 6,000 square feet of industrial space located at 5780-C Arrowhead Drive in Virginia Beach, VA. Michael Myers represented the landlord and Seth Norman represented the tenant.
  • Candela’s Pizzeria Ristorante has renewed its lease on 3,740 square feet of retail space at Huguenot Village Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
  • Rick and Libby’s has extended its lease on 3,200 square feet of retail space at Warwick Village Shopping Center in Newport News, VA. Tyler Jacobson represented the landlord.
  • Here & Now Bridal has extended its lease on 2,400 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Wild Birds Unlimited has renewed its lease on 2,000 square feet of retail space at Short Pump Crossing Shopping Center in Henrico, VA. Bob Butcher represented the landlord.
  • Tropical Smoothie has extended its lease on 1,800 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • CC Wok Chinese Café has renewed its lease on 1,500 square feet of retail space at The Shoppes at Bellgrade in Midlothian, VA. Bob Butcher represented the landlord.
  • Revolutionary Vapes has exercised its option on 1,200 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
  • Hair Identity has renewed its lease on 1,150 square feet of retail space at Sycamore Square Shopping Center in Midlothian, VA. Bob Butcher represented the landlord.
  • Ann’s Tailoring has renewed its lease on 600 square feet of retail space at Chesterfield Meadows South Shopping Center in Chesterfield, VA. Bob Butcher 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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