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S.L. NUSBAUM REALTY CO. ANNOUNCES $8.8 MILLION IN COMPLETED TRANSACTIONS FOR JUNE 2016

For Immediate Release
Contact: Susan Childress Corporate Marketing Director schildress@slnusbaum.com 757.675.9239
SL Nusbaum X Team

S.L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $8.8 million in sales and lease volume on 93,121 square feet and 60.235 acres of land for the Norfolk and Richmond Offices:

 NEW LEASES:

  • 1701 LLC has leased 4,500 square feet of retail space at 1701 Baltic Avenue in Virginia Beach, VA. C. Cheyney Cole, Jr., CCIM represented the landlord.
  • The River Church, Inc. has leased 4,407 square feet of office space at 4524 Wishart Road in Virginia Beach, VA. Chris Devine and Murray Rosenbach represented the tenant.
  • Green Bean Child Care has leased 3,935 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Vignettes By Design has leased 3,360 square feet of retail space at Gayton Crossing Shopping Center in Henrico, VA. Reid Cardon represented the tenant.
  • Ardleigh Group has leased 3,189 square feet of office space at 113 Landmark Square in Virginia Beach, VA. Seth Norman represented the landlord.
  • The Athlete’s Foot has leased 3,550 square feet of retail space at Chimney Hill Shopping Center in Virginia Beach, VA. Neal Sadler, Chris Hucke and Michael Gurley represented the tenant.
  • Southern Thermal Solutions, Inc. has leased 2,375 square feet of industrial space at 1009 Scenic Parkway, Unit A in Chesapeake, VA. Michael Myers represented the tenant.
  • Le Posh Hair Studio has leased 1,700 square feet of retail space at Huguenot Village Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
  • Vicki’s Nails has leased 1,350 square feet of retail space at Huguenot Village Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
  • Divine Styles has leased 1,200 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Michael Zarpas represented the landlord.
  • G Code Men’s Urban Clothing has leased 1,140 square feet of retail space at Colley Village in Norfolk, VA. Neal Sadler represented the landlord.
  • Beach Title has leased 896 square feet of office space at 404 S. Parliament Drive in Virginia Beach, VA. Seth Norman represented the landlord.
  • Law Office of Don Scott has leased 611 square feet of office space at 355 Crawford Street in Portsmouth, VA. John M. Profilet, SIOR represented the landlord.

SALE TRANSACTIONS:

  • Cres-EG Development has purchased 58 acres of land located at Edinburgh Parkway and Edwin Drive in Chesapeake, VA from David Fred Thrasher Revocable Trust, et al. for $3,000,000. Christopher Zarpas and Seth Norman represented the seller.
  • EOS Surfaces, LLC has purchased a 28,597 square foot industrial building on 1.945 acre located at 301 E. 20th Street in Norfolk, VA from Robert S. Rostov, Ellen R. Hundley and Jane R. Rostov for $1,275,000. Stephanie Sanker, CCIM, SIOR and Bill Overman, CCIM represented the buyer and Michael Myers represented the seller.
  • Beach Feet Realty, LLC has purchased a 2,970 square foot office condo located at 3720 Holland Road, Suite 100 in Virginia Beach, VA from Maugeri Holdings, LLC for $280,000. Michael Zarpas represented the buyer.
  • B&B Property Investments, LLC has purchased a 5,232 square foot industrial building on .22 acre located at 2609, 2611, 2613 Nevada Avenue in Norfolk, VA from Gaylon Herndon for $100,000. C. Cheyney Cole, Jr., CCIM represented the seller.
  • Drebel, LLC has purchased .07 acre of land located at 112 E. 28th Street in Norfolk, VA from F. Sullivan Callahan, Attorney at Law for $27,000. Bill Overman, CCIM, John Wessling, CCIM and Martin Murden represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Greenbrier Vinyl & Gutter Co., Inc. has renewed its lease on 6,864 square feet of industrial space at 912 Professional Place in Chesapeake, VA. John M. Profilet, SIOR represented the landlord.
  • CATO has extended its lease on 5,500 square feet of retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Gary A. Hartman, DDS, MS, PC has expanded to 2,915 square feet of office space at 240 Mustang Trail, Suites 1-4 in Virginia Beach, VA. Bill Overman, CCIM and John Wessling, CCIM represented the tenant.
  • Bayport Credit Union has extended its lease on 2,450 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • The UPS Store has extended its lease on 1,800 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • George’s Family Restaurant has extended its lease on 1,440 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Fruitive has exercised its option on 1,200 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • China East Restaurant has extended its lease on 1,100 square feet of retail space at Buckner Retail Shoppes in Virginia Beach, VA. Chris Hucke represented the landlord.
  • Nails 20/20 has extended its lease on 840 square feet of retail space at University Shoppes in Norfolk, VA. Neal Sadler represented the landlord.

 

With over 111 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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