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S.L. Nusbaum Realty Co. Announces Completed Transactions for April 2014

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

Norfolk, VA - (May, 2014) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions by the Norfolk and Richmond offices for the month of April, 2014.

NEW LEASES:

  • Tactical Adventure Games has leased 26,000 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Michael Zarpas represented the landlord.
  • Jeremiah Events has leased 14,350 square feet of retail space at Raceway Plaza in Richmond, VA. Nathan Shor represented the landlord and tenant.
  • Guaranteed Supply CO. has leased 14,250 square feet of industrial space at 3941 Holland Road in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR, Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Little Caesar's Pizza has ground leased a parcel located at 925 Diamond Springs Road in Virginia Beach, VA. Matthew Nusbaum represented the landlord.
  • Brew Gastropub has leased 6,654 square feet of retail space at The Shoppes at Bellgrade in Midlothian, VA. Bob Butcher represented the landlord.
  • Hometown Rentals of VA has leased 3,582 square feet of retail space at The Shoppes at College Park in Farmville, VA. Nathan Shor represented the landlord.
  • Howdy Bailey has leased 3,000 SF of commercial space at 7527 Avenue J in Norfolk, VA. Michael Zarpas represented the landlord.
  • Enterprise Leasing has leased 2,490 square feet of commercial space at 2428 Princess Anne Road in Virginia Beach, VA. Christopher Zarpas represented the landlord.
  • Luxury Pools & Spas has leased 2,400 square feet of retail space at Short Pump Crossing in Richmond, VA. Bob Butcher represented the landlord.
  • Absolute Tan has leased 1,883 square feet of retail space at The Shoppes at College Park in Farmville, VA Nathan Shor represented the Tenant and the Landlord.
  • Virginia Diner Shoppes has leased 1,815 square feet of retail space at 3008 West Cary Street in Richmond, VA. Nathan Shor represented the tenant.
  • Kayak Richmond has leased 1,768 square feet of retail space at Huguenot Village in Richmond, VA. Bob Butcher represented the landlord.
  • Papa Murphy's Pizza has leased 1,600 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord
  • Pure Barre has leased 1,578 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Jenro's Diner has leased 1,500 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Michael Zarpas represented the landlord.
  • AIO Wireless has leased 1,500 square feet of retail space in Suffolk Shopping Center in Suffolk, VA. Christopher Hucke represented the landlord.
  • Millenium Quality Styles has leased 1,329 square feet of retail space at Buckner Retail Center in Virginia Beach, VA. Christopher Hucke represented the landlord.
  • Minute Loan Center has leased 1,200 square feet of retail space at 5930 Airline Drive in Baton Rouge, LA. Christopher Zarpas represented the tenant.
  • Flourish Salon has leased 1,140 square feet of retail space at Colley Village in Norfolk, VA. Neal Sadler represented the landlord.
  • Jon's Salon has leased 800 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Angel Nails has leased 750 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Perry Benefit Group, LLC has leased 773 square feet of office space located at 3300 Tyre Neck Road, Suite K in Portsmouth, VA. Michael Myers handled the transaction.
  • MK Nail & Spa has leased 600 square feet of retail space at 2412 E. Little Creek Road in Norfolk, VA. Michael Zarpas represented the landlord.

  SALE TRANSACTIONS

  • GTG Financial, LLC has purchased a 116,628 square foot office building on .5 acre located at 100 W. Plume Street in Norfolk, VA from Dominion Enterprises for $5,900,000. John M. Profilet, SIOR represented the seller.
  • Kristina and Timothy Chastain have purchased an 8,700 square foot commercial building located at 501 Virginia Beach Blvd. in Virginia Beach, VA from HE2 Enterprises, LLC for $1,300,000. C. Cheyney Cole, Jr. represented the buyer.
  • C.A. Rutter, III has purchased a 14,964 square foot mixed use property located at 759 Granby Street in Norfolk, VA from 17th Street, LLC for $850,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • Breeden Investment Properties, Inc. has purchased 6.9 acres of land located at 330 Charles Street in Newport News from Marlyn Development Corp. for $725,000. C. Cheyney Cole, Jr. handled the transaction.
  • T.P. Anderson Properties, LLC has purchased a 2,500 square foot condo unit located at 115 Bruton Court in Chesapeake, VA for $270,000 from Sewell Corporation. J.C. Wynkoop represented the buyer.

 LEASE RENEWAL/EXTENSIONS:

  • Continental Terminals, Inc. has extended its lease on 38,500 square feet of industrial space located at 3941 Holland Boulevard in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord and Michael Myers represented the tenant.
  • Bassett Furniture has renewed its lease on 25,600 square feet of retail space at Chesterfield Plaza in Richmond, VA. Jim Gresock represented the landlord.
  • EOS Surfaces, LLC has extended its lease on 15,000 square feet of industrial space at 701-B 24th Street in Norfolk, VA. Stephanie Sanker, CCIM, SIOR, Bill Overman, CCIM and John Wessling, CCIM represented the tenant.
  • Southern Castings and Masonry has extended its lease on 13,560 square feet of industrial space at 1159 Lance Road in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Mattress Firm has extended its lease on 5,100 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Cary Reconstruction Company has extended its lease on 4,000 square feet of industrial space at 524 Central Drive in Virginia Beach, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
  • Alion Science and Technology Corporation has renewed its lease of 3,480 square feet of office space at Meadowbrook Shopping Center in Norfolk, VA. John Litz and Tommy Drew represented the landlord.
  • Minute Loan Center has extended its lease on 3,200 square feet of retail space at 9126 Mansfield Road in Shreveport, LA. Christopher Zarpas represented the tenant.
  • Sakura has extended its lease on 3,165 square feet of retail space at University Village at ODU in Norfolk, VA. Murray Rosenbach represented the landlord.
  • Highway 55 Burgers Shakes & Fries has renewed its lease on 2,054 square feet of retail space at Center Stage at Lumberton in Lumberton, NC. Nathan Shor represented the landlord.
  • Cold Stone Creamery has extended its lease on 1,500 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Lovely Nails has extended its lease on 1,500 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Sterling Nail exercised its option on 1,200 square feet of retail space at Millwood Plaza in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • G's Cake Shop has extended its lease on 800 square feet of retail space at College Park Square II in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Insurance 2025 has renewed its lease on 720 square feet of retail space at Woodford Shoppes in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the tenant.
  • Leslie K. Diamond has extended its lease on 400 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson 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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