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S.L. Nusbaum Realty Co. Announces Completed Transactions for August 2013

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

Norfolk, VA - (September, 2013) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions for the Norfolk and Richmond Offices:

NEW LEASES:

  • Kempsville Building Supply has leased 40,000 square feet of industrial space at 1112 Cavalier Boulevard in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Still Hope Foundation has leased 3,131 square feet of office space in the Tazewell Building in Norfolk, VA. Bill Overman, CCIM & John Wessling, CCIM represented the landlord.
  • ReBath has leased 1,420 square feet of retail space at Jefferson Green in Newport News, VA. Murray Rosenbach represented the landlord.
  • Alton Whitehurst has leased 1,250 square feet of office space at ACB Office/Warehouse in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.

SALES TRANSACTIONS

  • Portsmouth, Virginia Fraternal Order of Police, Gosport Lodge #20 has purchased 4020 & 4040 McLean Street, a 10,980 square foot commercial building on 2.26 acres in Portsmouth, Virginia from Atlantic Coast Club, Inc. for $550,000. Michael Myers represented the seller.
  • Partners Financial, FCU has purchased .75 acre located at 14910 Hull Street Road from Michael & Rachel Pfab in Midlothian, VA for $450,000. Read F. Goode, Jr. represented the seller.
  • Capt 'N Earls, Inc. has purchased .14 acre located at 709 Jamestown Avenue in Portsmouth, Virginia from The Runnymede Corp. for $6,500. Chris Zarpas represented the buyer.
  • Capt 'N Earls, Inc. has purchased .11 acre located at 703 & 705 Jamestown Avenue in Portsmouth, Virginia from Stephen B. Kopelove and Alan B. Kopelove for $9,315. Chris Zarpas represented the buyer.

LEASE RENEWALS/EXTENSIONS:

  • Kentucky Fried Chicken has exercised its option on an outparcel located at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Lloyd's Hallmark Creations has extended its lease on 6,000 square feet of retail space at Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
  • Dollar Tree has exercised its option on 6,825 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • CI Travel has extended its lease on 4,250 square feet at Loehmann's Plaza Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Precision Pawn has extended its lease on 3,750 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • JAX Place has extended its lease on 3,420 square feet of retail space at Kempsville Plaza Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • House of Video has extended its lease on 3,000 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • RadioShack has extended its lease on 1,795 square feet of retail space at Colley Village in Norfolk, VA. Neal Sadler represented the landlord.
  • Subway 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.
  • Discount Cleaners has extended its lease on 1,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Allstate has extended its lease on 700 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Navy Federal Credit Union has extended its lease on kiosk space at Hilltop North Shopping Center in Virginia Beach, VA. Richard 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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