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S.L. Nusbaum Realty Co. Announces Completed Transactions For August 2014

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

Norfolk, VA - (September, 2014) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions for the Norfolk and Richmond Offices:

NEW LEASES:

  • The Brickman Group has leased 3,160 square feet of industrial space at 3965 S. Military Highway in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
  • Protection One Alarm Monitoring, Inc. has leased 2,670 square feet of office space at Southport Commerce Center in Midlothian, VA. Nathan Shor represented the landlord.
  • Pilates-4 has leased 2,400 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Curves for Women has leased 2,373 square feet of retail space at Waterlick Plaza in Lynchburg, VA. Nathan Shor represented the landlord.
  • Stacked Restaurant has leased 2,238 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Montage Consignment Boutique has leased 1,824 square feet of retail space at The Shoppes at Bellgrade in Midlothian, VA. Bob Butcher represented the landlord.
  • Joki Supreme, LLC has leased 1,575 square feet of retail space at Meadowbrook Shopping Center in Norfolk, VA. Tommy Drew and John Litz handled the transaction.
  • Encore Dance has leased 1,200 square feet of retail space at Chick's Beach Shopping Center in Virginia Beach, VA. J.C. Wynkoop represented the tenant.
  • ABC Virginia Retail has leased 1,000 square feet of retail space a College Park Square II in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Professional Touch Barber Shop has leased 750 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Christopher Hucke represented the landlord.

  SALE TRANSACTIONS

  • Quill Apts, L.P. has purchased 14.56 acres of land located at 5354 E. Virginia Beach Blvd. and 1131 Piney Branch Road in Norfolk, VA from The Estate of Margie E. Maroulis and the Estate of William D. Maroulis for $2,595,000. Michael Myers handled the transaction.
  • ECP Properties, LLC has purchased Harris Tire Service from Harris Tire of Churchland, Inc. and also a 9,160 SF commercial building on .86 acre located at 5924 High Street West in Portsmouth, VA from Debram Properties, LLC for $1,115,000. Ross A. Weinstein, Esq. handled the transaction.
  • Village Christian Fellowship Church has purchased 7.78 acres of land located at 2941 Bridge Road in Suffolk, VA from Louise Obici Memorial Hospital for $575,000. John M. Profilet, SIOR represented the buyer and seller.
  • BurgerBusters III, LC has purchased a 3,000 SF building on a 33,000 SF parcel located at 15531 Warwick Blvd. in Newport News, VA from Living Waters Christian Fellowship for $400,000. C. Cheyney Cole, Jr., CCIM represented the seller.

LEASE RENEWAL/EXTENSIONS/EXPANSIONS:

  • EIS, Inc. has expanded into 28,832 square feet of industrial space at 3800 Cook Boulevard in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Bounce House has extended its lease on 13,000 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Kelly's Tavern has extended its lease on 6,873 square feet of restaurant space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Case Grande has renewed its lease on 5,000 square feet of restaurant space at Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
  • Walgreen Co. has extended its lease on 4,418 square feet of office space at 5700 Lake Wright Drive in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
  • Massage Envy has extended its lease on 3,600 square feet of retail space at Loehmann's Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Tobacco Inn has extended its lease on 2,884 square feet of retail space at Colley Village in Norfolk, VA. Neal Sadler represented the landlord.
  • Hair Beauty has exercised its option on 2,800 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • NC License Plate Agency has extended its lease on 2,700 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Michael Gurley represented the landlord.
  • Lemongrass has renewed its lease on 2,400 square feet of retail space at Short Pump Crossing in Richmond, VA. Bob Butcher represented the landlord.
  • Long John Silver's has extended its lease on 2,336 square feet of restaurant space at College Park Square I in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • The Department of Army Corp of Engineers has extended its lease on 2,325 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Zero's has extended its lease on 2,200 square feet of restaurant space at College Park Square II in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Blinds Galore has extended its lease on 1,870 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • The UPS Store has exercised its option on 1,673 square feet of retail space at The Shops at Cedar Valley in Williamsburg, VA. Neal Sadler represented the landlord.
  • Kat Nails has extended its lease on 1,480 square feet of retail space at Greenbrier Village in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Cottage Lane has renewed its lease on 1,036 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher 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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