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S.L. NUSBAUM REALTY CO. ANNOUNCES $97 MILLION IN COMPLETED TRANSACTIONS FOR DECEMBER 2021

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

NORFOLK, VA (January 2022) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions totaling approximately $97 million in sales and lease volume on 833,739 square feet and approximately 45 acres for the Norfolk and Richmond Offices:

NEW LEASES:

  • Painted Tree Boutique has leased 38,920 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Blast-One International has leased 12,000 square feet of industrial space at 3501-A Shipwright Street in Portsmouth, VA. Ben Leon represented the tenant.
  • Dean Archer has leased 10,000 square feet of industrial space at 1155 Pineridge Road in Norfolk, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • Popeye’s Louisiana Kitchen has ground leased .8 acre at Tanglewood Mall located at 4420 Electric Road in Roanoke, VA. Nathan Shor represented the tenant.
  • Noble Solar LLC has leased 7,800 square feet of industrial space at 5721 Bayside Road in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Yahaira Tarrats has leased 3,800 square feet of general commercial space on .3394 acre located at 846 E. Little Creek Road in Norfolk, VA. Martin Murden and Pierce Jacobson represented the landlord.
  • Better View Windows has leased 3,665 square feet of retail space at Lynnhaven Crossing Shopping Center in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Punjabi Rasoi has leased 2,317 square feet of retail space in Monarch Way at ODU in Norfolk, VA. Maggie Spillane represented the landlord.
  • Studios Twenty8, LLC has leased 2,151 square feet of retail space at Cahoon Commons in Chesapeake, VA. Maggie Spillane represented the tenant.
  • Paragon Systems, Inc. has leased 1,996 square feet of office space at Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • MB Solutions, LLC has leased 1,793 square feet of office/warehouse space in Rosemont Interstate Center I at 195 S. Rosemont Road in Virginia Beach, VA. Ben Leon and Sam Rapoport represented the landlord.
  • Our Daily Gnome has leased 1,540 square feet of retail space at Glenwood Square Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
  • John W. Lee, P.C. has leased 1,239 square feet of office space in Pembroke Office Park in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR and Sam Rapoport represented the landlord.
  • Healing Lotus Massage has leased 1,200 square feet of retail space at James York Plaza Shopping Center in Williamsburg, VA. Maggie Spillane represented the landlord.
  • Great Clips Salon has leased 1,200 square feet of retail space in Caratoke Plaza at 383-B Caratoke Highway in Moyock, NC. Ben Leon and Mike Zarpas represented the landlord.
  • Deep Creek Comics has leased 1,150 square feet of retail space at The Crossing at Deep Creek Shopping Center in Chesapeake, VA. Maggie Spillane represented the landlord.
  • The Thank You Gift Shop has leased 850 square feet of retail space at 315 Laskin Road in Virginia Beach, VA. Martin Murden represented the landlord.
  • Pain and Gain Sports has leased 750 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Stripes Transportation has leased 540 square feet of retail space in 360 West Shopping Center at 7206 Hull Street Road, Suite 105 in Richmond, VA. Andrew Brodie, Thomas Langston and Nathan Shor represented the landlord.
  • Ciara Broda Insurance Agency, Inc. has leased 410 square feet of office space at 524 Albemarle Drive in Chesapeake, VA. Ashley Bussey represented the landlord.
  • AA Club Driving School has leased 400 square feet of retail space in 360 West Shopping Center at 7206 Hull Street Road, Suite 203A in Richmond, VA. Andrew Brodie, Thomas Langston and Nathan Shor represented the landlord.

SALE TRANSACTIONS:

  • YSJ, LLC has purchased a 190,968 square foot industrial building on 18.21 acres located at 2692-2696 Reliance Drive in Virginia Beach, VA from Laser Properties, LLC for $14,000,000. Michael Myers represented the seller.
  • ExchangeRight Essential Income Strategy Properties 3, LLC has purchased a 48,466 square foot Food Lion Shopping Center on 7.065 acres located at 2551 Highway 25 S. in Greenwood, SC for $5,383,073. Doug Aronson represented the seller.
  • Silver Hills Development has purchased 2.334 acres of land located at 3700 Monument Avenue and 1301 N. Hamilton Street in Richmond, VA from The International Mission Board of the Southern Baptist Convention for $5,100,000. Nathan Shor represented the buyer.
  • Jemal’s 4th & Main LLC has purchased a multi-property portfolio consisting of 46,869 square feet and .547 acre located at 8 N. 4th Street, 9 N. 4th Street, 11 N. 4th Street, 400 E. Main Street, 408 E. Main Street, 12-14 N. 4th Street and 117 N. 3rd Street in Richmond, VA from JMJ Corporation, Massad for $4,400,000. Nathan Shor represented the seller.
  • OMD Enterprise, LLC has purchased a 17,306 square foot, three-story office building on .922 acre located at 500 W. 21st Street in Norfolk, VA from TowneBank for $3,461,200. John M. Profilet, SIOR and Stephanie Sanker, CCIM, SIOR represented the seller.
  • RCG, LLC has purchased a 3,979 square foot Wells Fargo Bank building on 1.44 acres located at 795 Nalles Mill Road in Culpeper, VA from Grisha Enterprises, LLC for $3,220,968. Chris Devine, Chris Zarpas and Mike Zarpas represented the buyer.
  • Raising Cane’s Restaurants LLC has purchased an 11,117 square foot commercial building on 1.895 acres located at 6921 Lake Harbour Drive in Midlothian, VA from Kirn Corporation Ltd. for $2,500,000. Austin Newman, SIOR and Nathan Shor represented the seller.
  • KBFT III, LLC and JEAL-A Associates, LLC has purchased a 25,000 square foot industrial building on 3.85 acres located at 3411 Amherst Street in Norfolk, VA from GILOZ, LLC for $2,000,000. Ben Leon and Sam Rapoport represented the seller.
  • Franklin Management Company has purchased 33 mobile home lots at 1401 Deep Creek Boulevard in Chesapeake, VA from Crossbridge Properties LLC and Galt Financial LLC for $1,500,000. Sam Rapoport and Chris Zarpas represented the buyer.
  • RVB3, LLC has purchased a one acre outparcel located at 5453 Wesleyan Drive in Virginia Beach, VA from SRI Real Estate Properties, LLC for $665,000. Matthew Nusbaum represented the buyer.
  • DJFA Realty LLC has purchased .630 acre of land located at Rutland Crossing, Pad D in Mechanicsville, VA from T L Hunt LLC for $560,000. Nathan Shor and Zach Hernandez represented the buyer.
  • Witchduck Commercial Center LLC has purchased .42 acre of land located at 368 N. Witchduck Road in Virginia Beach, VA from The Carlos F. Wilson Revocable Trust for $255,000. Michael Myers represented the buyer.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Office Depot has exercised its option on 18,000 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • C. Dean, Inc. has renewed its lease on 12,175 square feet of industrial space on 1.04 acre located at 833 Principal Lane in Chesapeake, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the tenant.
  • Dollar General has extended its lease on 11,855 square feet of retail space at Southampton Shopping Center in Hampton, VA. Neal Sadler represented the landlord.
  • Smithfield Support Services has exercised its option on 7,000 square feet of retail space at Smithfield Square Shopping Center in Smithfield, VA. Chris Hucke represented the landlord.
  • Premier Audio has renewed its lease on 3,600 square feet of retail space in 360 West Shopping Center at 7212 Hull Street Road in Richmond, VA. Andrew Brodie, Thomas Langston and Nathan Shor represented the landlord.
  • Gregory P. Jellenek, OD has extended its lease on 3,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • AT & T Prime Communications has renewed its lease on 2,500 square feet of retail space in Virginia Center Marketplace at 10110 Brook Road in Glen Allen, VA. Bob Butcher and Andrew Thacker represented the landlord.
  • Batteries Plus has exercised its option on 2,500 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • H&R Block has extended its lease at 2,450 square feet of retail space at Washington Square Shopping Center in Grafton, VA. Neal Sadler represented the landlord.
  • T-Mobile has extended its lease on 2,385 square feet of retail space at Hilltop South Shopping Center in Virginia Beach, VA. Richard Jacobson and Sharon Swanberg represented the landlord.
  • GameStop has extended its lease on 2,160 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • ABC Store has exercised its option on 2,100 square feet of retail space at K&K Square in Norfolk, VA. Maggie Spillane represented the landlord.
  • Golden Skillet has renewed its lease on 1,814 square feet of retail space in 360 West Shopping Center at 7108 Hull Street Road in Richmond, VA. Andrew Brodie, Thomas Langston and Nathan Shor represented the landlord.
  • Light of the World Ministries has extended its lease on 1,800 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Maggie Spillane represented the landlord.
  • Aviation Management Analytical Consultants, LLC has extended its lease on 1,402 square feet of office space at 516 Innovation Drive in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Paden Cold Storage, LLC has extended its lease on 1,100 square feet of industrial space at 5400 Virginia Beach Boulevard in Virginia Beach, VA. Pierce Jacobson and Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Jackson Hewitt has exercised its option on 1,080 square feet f retail space at Suffolk Plaza Shopping Center in Suffolk, VA. Chris Hucke represented the landlord.
  • Allstate Insurance has extended its lease on 900 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Bubs & Gracie Ice Cream & Cookie Shop has renewed its lease on 595 square feet of retail at 360 West Shopping Center located at 7214 Hull Street Road, Suite 110 in Richmond, VA. Andrew Brodie, Thomas Langston and Nathan Shor represented the landlord.

With over 116 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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