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

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

Norfolk, VA - (January, 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:

  • Route 58 Indoor Karting has leased 75,783 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.
  • Unclaimed Freight Company has leased 21,438 square feet of retail space at Victory West Shopping Center in Portsmouth, VA. Mike Zarpas represented the landlord.
  • Jimmy Sanders Incorporated has leased 17,810 square feet of industrial space at 24551 Agri Park Drive in Courtland, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
  • Accurate Courier Express, Inc. has leased 16,000 square feet of office/warehouse space at 1424 Baker Road, Suite B, Virginia Beach, VA.  Michael Myers represented the tenant. 
  • Mission BBQ has leased 4,000 square feet of retail space at 5432 Glenside Drive in Richmond, VA. Read F. Goode, Jr. and James Gresock represented the landlord.
  • Happycity Toys LC has leased 3,574 square feet of retail space at 221 Mount Pleasant Road, Unit A, in Chesapeake, VA.  Michael Myers handled this transaction. 
  • Mike's Place has leased 3,200 square feet of retail space at Warwick Village in Newport News, VA. Tyler Jacobson represented the landlord.
  • Hokkaido Grill has leased 2,317 square feet of retail space at ODU University Village in Norfolk, VA. Murray Rosenbach represented the landlord.
  • Hair of the Dog Eatery has leased 1,920 square feet of retail space at Loehmann's Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Twice Upon on Time has leased 1,898 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • Bejeweled of Virginia Beach, Inc. has leased 1,800 square feet of retail space at Hilltop North in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Idolize Brows and Beauty has leased 1,500 square feet of retail space at Short Pump Shoppes in Richmond, VA. Bob Butcher represented the landlord.
  • K&M Winslow Associates, Inc. has leased 1,473 square feet of office space at 221 Mount Pleasant Road, Unit C, in Chesapeake, VA.  Michael Myers handled this transaction. 
  • A&B Burgers has leased 1,200 square feet of retail space at College Park Square I in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Sabrina's Salon has leased 700 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.

SALE TRANSACTIONS:

  • Oxford Properties, LLC has purchased 14.3 acres of land located at Manassas Drive and Digital Drive in Manassas Park, VA from Digital Park, LLC for $7,500,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • Gee's Group, LLC has purchased a 51,250 square foot office building on 3.66 acres of land located at 600 Lynnhaven Parkway in Virginia Beach, VA from That Certain Group of Tenant in Common Owners for $4,200,000. J.C. Wynkoop represented the buyer.
  • Sisters II has purchased a 20,175 square foot shopping center on 13.02 acres located at 3235 Bridge Road in Suffolk, VA for $3,362,259. Bill Overman, CCIM and John Wessling, CCIM represented the seller and Christopher Zarpas represented the buyer.
  • 2400 Princess Anne Investments, LLC has purchased 12,000 square feet of retail and office property on 3.75 acres located at 2400 Princess Anne Road in Virginia Beach, VA from Sisters II, LLC for $3,200,000. Christopher Zarpas represented the buyer and seller.
  • Beach Municipal Federal Credit Union has purchased 2 acres of land located at 2440 Princess Anne Road in Virginia Beach, VA from Sisters, II, LLC for $825,000. Christopher Zarpas represented the buyer and seller.
  • Chesapeake Shops, LLC has purchased 1.217 acres of land located at 9601 22nd Bay Street in Norfolk, VA from SLN East Beach Associates for $420,000. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • Supersonic II, LLC has purchased 1.2 acres of land located at 5196 Nansemond Parkway in Suffolk, VA from Marlene F.  Jester for $260,000. Cheyney Cole, CCIM represented the seller.
  • Over the Wall, LLC has purchased Mike's Place (business) located at 11006 Warwick Blvd, Suite 458 in Newport News, VA from Kipp, Inc. Ross A. Weinstein, Esq. handled the transaction.

LEASE RENEWAL/EXTENSIONS:

  • New Vision Worship Center Inc. renewed its lease of 6,800 SF of office space at 4165 Pruden Blvd. in Suffolk, VA.  Michael Myers handled this transaction
  • Exotic Home Interiors has exercised its option on 10,625 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Taylor's Do It Center has extended its lease on 7,000 square feet of retail space at Creekside Village in Suffolk, VA. Bill Overman, CCIM represented the landlord.
  • Planet Fitness has expanded into an additional 2,400 square feet of retail space at Holland Windsor Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Royal Garden Restaurant has extended its lease on 1,800 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • OneMain Financial has extended its lease on 1,500 square feet of retail space at Loehmann's Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Total Nutrition has relocated into 1,200 square feet of retail space at Holland Windsor Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Studio One has exercised its option on 1,200 square feet of retail space at College Park Square I in Virginia Beach, 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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