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S.L. NUSBAUM REALTY CO. ANNOUNCES $8.25 MILLION IN COMPLETED TRANSACTIONS FOR DECEMBER 2019

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

NORFOLK, VA – (January 2020) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $8.25 million in sales and lease volume on 73,196 square feet and approximately 18 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Lincare Inc. has leased 9,520 square feet of office space at 1429 Crossways Boulevard in Chesapeake, VA. Ashley Bussey represented the tenant.
  • Fink’s Jewelers has leased 7,980 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Iglesia de Cristo Casa de Dios Corp. has leased 6,185 square feet of office space at 1616 E. Parham Road in Richmond, VA. Elliot Warsof represented the landlord.
  • Native Nation Events, LLC has leased 5,000 square feet of industrial space at 3440 Chandler Creek Road, Suite 101 in Virginia Beach, VA. Mike Zarpas and Pierce Jacobson represented the landlord.
  • Synergy Labs, LLC has leased 4,109 square feet of office space at 6325 North Center Drive in Norfolk, VA. Martin Murden and Stephanie Sanker, CCIM, SIOR represented the tenant.
  • My Commissary Kitchen has leased 2,100 square feet of retail space at 3351 Chesapeake Boulevard in Norfolk, VA. Mike Zarpas represented the landlord.
  • Equinox Coffee Co. has leased 2,000 square feet of retail space at University Village – ODU in Norfolk, VA. Murray Rosenbach represented the landlord.
  • Boucher Accounting & Tax Services, Inc. has subleased 1,900 square feet of office space at 1756 Laskin Road in Virginia Beach, VA. Sam Rapoport and Matthew Nusbaum represented the landlord.
  • Access to Holistic Health, LLC has leased 1,799 square feet of office space at 7702 E. Parham Road in Richmond, VA. Thomas Langston represented the tenant.
  • Citrine Hair Collective has leased 1,588 square feet of retail space at 237 Hanbury Road E. in Chesapeake, VA. Sam Rapoport represented the landlord.
  • Lionheart Ltd. has leased 960 square feet of office space in Courtyard at Providence in Virginia Beach, VA. Seth Norman represented the landlord.
  • Xperience Robotics, Inc. has leased 908 square feet of office space at Pembroke Park Building 4 located at 291 Independence Boulevard in Virginia Beach, VA. Ashley Bussey represented the tenant.
  • Colouring Outside the Lines has leased 228 square feet of office space at 9509 Hull Street Road, Suite D4, within Rockwood Office Park in N. Chesterfield, VA. Zach Hernandez and Andrew Thacker represented the landlord.

SALE TRANSACTIONS:

  • Sussex VOA Affordable Housing LLC has purchased 17.03 acres located on North Rogers Lane in Raleigh, NC from Investors Title Exchange Corporation and DEP Property Investments, LLC for $2,349,060. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • CCJ, LLC has purchased a 3,328 square foot retail property on .91 acre located at 3500 Jefferson Avenue in Newport News, VA from Rebecca Shpak Conely and William Edward Conely for $399,000. Zach Hernandez and Chris Devine represented the seller.
  • RRH, LLC has purchased a 3,051 square foot office building on .429 acre located at 3201 Hungary Spring Road in Richmond, VA from HHS Real Estate #4 LLC for $385,000. Thomas Langston represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Glotech, Inc. has renewed its lease on 12,175 square feet of industrial space at 833 Principal Lane in Chesapeake, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the tenant.
  • Green Bean Contemporary Child’s Play has extended its lease on 3,935 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Revolution BJJ Ashland has expanded to 2,260 square feet of retail space at Sliding Hill Corner in Ashland, VA. Andrew Thacker and Bob Butcher represented the landlord.
  • Dollar Bank has exercised its option on 1,250 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Chris Hucke represented the landlord.
  • Nail Image II has extended its lease on 1,200 square feet of retail space at College Park Square in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Commonwealth Employee Benefits Solutions, Inc. has renewed its lease on 920 square feet of office space at 3300 Tyre Neck Road, Suite One in Portsmouth, VA. Michael Myers represented the landlord.
  • Nam’s Cleaners has extended its lease on 800 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.

With over 114 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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