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S.L. Nusbaum Realty Co. Announces Completed Transactions For April 2015

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

Norfolk, VA - (May, 2015) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions for the Norfolk and Richmond Offices:

NEW LEASES:

  • Simple Eats has leased 4,000 square feet of retail space at 3152 Shore Drive in Virginia Beach, VA. Seth Norman represented the landlord.
  • Pamela F. Hunt, Inc. has leased 2,100 square feet of office space at 1209 Independence Boulevard in Virginia Beach, VA. Seth Norman represented the tenant.
  • Here & Now Bridal has leased 1,800 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Pigtails and Crew Cuts has leased 1,567 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Anna's Pizza Kitchen has leased 1,200 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Trevor Jones State Farm Insurance has leased 1,125 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • Fidura & Associates, Inc. has leased 1,064 square feet of office space at 5265 Providence Road in Virginia Beach, VA. Seth Norman represented the landlord.
  • The Man Cave Barber Shop has leased 750 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.
  • State Farm Insurance has leased 919 square feet of retail space at the Riverfront Shoppes in Suffolk, VA. J.C. Wynkoop represented the landlord and tenant.
  • The Financial Exchange has leased 622 square feet of office space in the J.A.N.A.F. Office Building in Norfolk, VA. Seth Norman represented the landlord.

SALE TRANSACTIONS

  • North Landing Beach Resort & Cottages Virginia Beach, LLC has purchased the North Landing Beach Riverfront Campground & Resort located on 96 acres of land at 161 Princess Anne Road in Virginia Beach, VA from North Landing River Associates, LLC for $2,100,000. Bill Overman, CCIM, John Wessling, CCIM, Chris Zarpas and Chris Devine represented the buyer.
  • Jodaron Realty 100, LLC has purchased an 18,200 square foot industrial building on 2.002 acres located at 801 Port Centre Parkway in Portsmouth, VA from Southeastern Virginia Properties, LLC for $950,000. Michael Myers represented the seller.
  • Gangaram Joe Gopaul has purchased a 1,768 square foot building located on .3788 acre at 146 East Bely Boulevard in Richmond, VA from Bik Sin Moy for $195,000. Nathan Shor represented the seller.
  • 711 Granby Street, LLC has purchased a 3,013 square foot commercial building located on .07 acre at 731 Granby Street in Norfolk, VA from Jason Alan Black for $75,000. Michael Myers represented the buyer and seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Food Lion has exercised its option on 33,800 square feet of retail space at Smithfield Square in Smithfield, VA. Christopher Hucke represented the landlord.
  • TowneBank has renewed its lease on 16,232 square feet of office space at 109 E. Main Street in Norfolk, VA. John Litz represented the tenant.
  • HobbyTown has extended its lease on 6,120 square feet of retail space at Fountain Square Shoppers World in Richmond, VA. Michael Gurley represented the tenant.
  • TowneBank has renewed its lease on 5,392 square feet of office space at 109 E. Main Street, Suite 700 in Norfolk, VA. John Litz represented the tenant.
  • HobbyTown has extended its lease on 4,500 square feet of retail space at Stein Mart Festival Richmond, VA. Michael Gurley represented the tenant.
  • Taste Unlimited has extended its lease and expanded into an additional 1,540 square feet, for a total of 4,504 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Nice School of Dance has extended its lease on 3,000 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Alicia's Salon & Day Spa has extended its lease on 2,500 square feet of retail space at Chesterfield Meadows in Chesterfield, VA. Bob Butcher represented the landlord.
  • Azar's has exercised its option on 2,230 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Quality Music Center has extended its lease on 2,205 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Scottrade has extended its lease on 1,927 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach 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.
  • Enterprise Rent-A-Car has extended its lease on 1,680 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • H & R Block has renewed its lease on 1,612 square feet of retail space at Waterlick Plaza in Lynchburg, VA. Nathan Shor represented the landlord.
  • Trinity Christian Bookstore has extended its lease on 1,500 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • H & R Block has extended its lease on 1,200 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Parcel Pros has extended its lease on 1,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Paint N Sit has extended its lease on 825 square feet of retail space at Buckner Retail Shops in Virginia Beach, VA. Christopher Hucke represented the landlord.
  • 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 112 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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