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S.L. NUSBAUM REALTY CO. ANNOUNCES $9.5 MILLION IN COMPLETED TRANSACTIONS FOR JANUARY 2017

For Immediate Release
Contact: Susan Childress Corporate Marketing Director schildress@slnusbaum.com 757.282.6505
SL Nusbaum X Team

NORFOLK, VA – (February 2017) S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $9.5 million in sales and lease volume on 97,809 square feet and 7.25 acres for the Norfolk and Richmond Offices. These transactions include:

NEW LEASES:

  • GLOTECH, Inc. has leased 12,175 square feet of industrial space located at 833 Principal Lane in Chesapeake, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the tenant.
  • SAOG, LLC has leased 3,498 square feet of office space at the Smithfield Building in Norfolk, VA. John M. Profilet, SIOR represented the tenant.
  • BPGI LLC has leased 1,900 square feet of commercial space at 6990 N. Military Highway in Norfolk, VA. C. Cheyney Cole, CCIM represented the landlord.
  • Birdies has leased 1,801 square feet of retail space at Huguenot Village Shopping Center in Richmond, VA. Bob Butcher represented the landlord.
  • Gyro’s has leased 1,615 square feet of retail space at Greenbrier Village in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Virginia ABC Store has leased 1,500 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Benchmark Cleaning, Inc. has leased 1,375 square feet of industrial space at 1393 London Bridge Road in Virginia Beach, VA. Ashley Bussey represented the tenant.
  • Robin Hood Container Express, Inc. has leased 1,000 square feet of industrial space at 3015 Airline Boulevard in Portsmouth, VA. Michael Myers represented the landlord.
  • Navigation Behavior Consulting has leased 960 square feet of office space at the Courtyard at Providence in Virginia Beach, VA. Seth Norman represented the landlord.

SALE TRANSACTIONS:

  • JSF Robious Road CMPI, LLC has purchased 4 acres located at 1671 Mall Drive in Richmond, VA from Robious Road Holdings, LLC for $2,000,000. Nathan Shor and Jim Gresock represented the seller.
  • CFT NV Developments, LLC, d/b/a Panda Express has purchased a 27,280 square foot outparcel located at 1768 Laskin Road in Virginia Beach, VA from Stokes Properties, LLC for $1,750,000. Matthew Nusbaum and Sharon Swanberg represented the seller.
  • 510 Holding, LLC has purchased a 988 square foot commercial building located on .1525 acre at 510 18th Street in Virginia Beach, VA for $266,000. C. Cheyney Cole, CCIM represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • JoS A. Bank Clothiers has extended its lease on 4,565 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Hair Cuttery has extended its lease on 1,920 square feet of retail space at Loehmann’s Plaza Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Virginia ABC Store has exercised its option on 1,600 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Kappatal Cuts has extended its lease on 1,600 square feet of retail space at University Shoppes Shopping Center in Norfolk, VA. Neal Sadler represented the landlord.
  • Savor the Olive has extended its lease on 1,236 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Festive Creations has renewed its lease on 871 square feet of office space at Sycamore Square in Midlothian, VA. Andrew Thacker represented the landlord.
  • Flexi-Dent has renewed its lease on 697 square feet of office space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • TM Sewing has extended its lease on 624 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Yi’s Alterations has extended its lease on 600 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.

 

With over 110 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.

S.L. Nusbaum Realty Co. is proud to partner with X Team International. X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.

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