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S.L. NUSBAUM REALTY CO. ANNOUNCES $7.9 MILLION IN COMPLETED TRANSACTIONS FOR MARCH 2018

For Immediate Release
Contact: Susan Childress Corporate Marketing Director schildress@slnusbaum.com 7572826505
SL Nusbaum X Team

NORFOLK, VA – (April 2018) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $7.9 million in sales and lease volume on 117,390 square feet and approximately 2 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Sentara Healthcare has leased 12,897 square feet of office space at 2029 S. Lynnhaven Parkway in Virginia Beach, VA. Tommy Drew represented the landlord and John M. Profilet, SIOR represented the tenant.
  • El Jinete Mexican Grill has leased 5,600 square feet of retail space at 1795 South Creek One in Powhatan, VA. Janet Moore and Reid Cardon represented the landlord.
  • Anytime Fitness has leased 4,200 square feet of retail space at Mt. Pleasant Marketplace in Chesapeake, VA. Mike Zarpas represented the tenant.
  • Beecroft & Bull has leased 3,600 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Allison Rachels and Richard Jacobson represented the landlord.
  • The Atlantic on Pacific, LLC has leased 3,400 square feet of retail space at 3004 Pacific Avenue in Virginia Beach, VA. Chris Devine and Tyler Jacobson represented the tenant.
  • Virginia Beach Florist, Inc. has leased 2,400 square feet of retail space at Harris Plaza in Virginia Beach, VA. Seth Norman and Murray Rosenbach represented the landlord.
  • Epitome Medical Aesthetics, LLC has leased 1,800 square feet of office space at 2185 Upton Drive in Virginia Beach, VA. Ashley Bussey represented the tenant.
  • TKT Exotics, Inc. has leased 1,626 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.
  • Dervartanian Interprises, Inc. has leased 1,600 square feet of retail space at 6838 Midlothian Turnpike, Unit B in Richmond, VA. Elliot Warsof and Zach Brenner represented the landlord.
  • Dream Team Recordings has leased 1,500 square feet of retail space at College Park Square in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • ATL Deli has leased 1,200 square feet of retail space at Holland Windsor Crossing Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Textbook Brokers has leased 1,162 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Beautiful Brows by Annie has leased 960 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Full Motion Media, LLC has leased 615 square feet of office space at Amberleigh Office Park in N. Chesterfield, VA. Andrew Thacker and Bob Butcher represented the landlord.

SALE TRANSACTIONS:

  • 2109-2111 Granby Street, LLC has purchased .112 acre of land located at 430 Granby Street in Norfolk, VA from HBH/Urban Investments, LLC for $480,000. Mike Zarpas represented the buyer.
  • Woodtide Associates, LLC has purchased .46 acre of land located at 4664 Princess Anne Road in Virginia Beach, VA from PMIG 1020, LLC for $235,000. Mike Zarpas represented the seller.
  • Stillman Electric Corporation has purchased an 1,800 square foot industrial condominium located at 2513 Squadron Court, Unit 111 in Virginia Beach, VA from Oceana South Commerce Center, LLC for $153,000. Cheyney Cole, CCIM represented the seller.
  • John H. Gray and Robert J. Gray have purchased an 1,835 square foot office property on .45 acre located at 616 Happy Acres Road in Chesapeake, VA from Hwang Ren Kuo and Mei Yng Kuo for $152,500. Chris Devine represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Food Lion has exercised its option on 34,782 square feet of retail space at Colley Village Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
  • KinderCare Learning Centers, LLC has extended its lease on 9,868 square feet of retail space at 19780 Crystal Rock Drive in Germantown, MD. Nathan Shor represented the landlord.
  • No Frill Grill has exercised its option on 5,300 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Tidal Wave Graphics has renewed its lease on 4,750 square feet of industrial space at 625 Innovation Drive in Chesapeake, VA. Michael Myers represented the landlord.
  • I Can Child Care & Learning Center has extended its lease on 4,200 square feet of retail space at Wythe Creek Shoppes in Hampton, VA. Neal Sadler represented the landlord.
  • Catherines has extended its lease on 3,665 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Sol de Mexico has extended its lease on 2,345 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Sweet Frogs has exercised its option on 1,800 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Trinity Christian Bookstore has extended its lease on 1,500 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Roanoke Valley Insurance has extended its lease on 1,500 square feet of retail space at Roanoke Rapids Plaza in Roanoke Rapids, NC. Michael Gurley represented the landlord.
  • Boost Mobile has extended its lease on 1,500 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Michael Gurley represented the landlord.
  • 9Round Fitness has renewed its lease on 1,235 square feet of retail space at 1320 Kempsville Road, Suite 102 in Chesapeake, VA. Chris Devine, Bill Overman, CCIM and John Wessling, CCIM represented the tenant.
  • Collectors Cove has extended its lease on 750 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler 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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