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

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

Norfolk, VA - (January, 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:

  • Continental Terminals, Inc. has leased 96,842 SF of industrial space located at 1400 Cavalier Boulevard, Suites C, I & J in Chesapeake, VA. Michael Myers represented the tenant.
  • Hampton Roads Moving and Storage has leased 10,000 square feet of industrial space located at 1112 Cavalier Boulevard in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Black Pelican Ventures, Inc. has leased a 4,400 square foot retail building located at 1625 Ring Road in Chesapeake, VA. Tommy Drew and Chris Zarpas represented the landlord.
  • Big Deal Buys has leased 3,215 square feet of retail space at Warwick Denbigh Shopping Center in Newport News, VA. Neal Sadler represented the landlord.
  • El Caporal has leased 3,125 square feet of retail space at Chesterfield Meadows in Chesterfield, VA. Bob Butcher represented the landlord.
  • Pasta E Pani has leased 2,400 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord and J.C. Wynkoop represented the tenant.
  • T-Mobile has leased 2,385 square feet of retail space at Hilltop South in Virginia Beach, VA. Richard Jacobson and Sharon Swanberg represented the landlord.
  • ECHO Luxury Boutique has leased 1,800 square feet of retail space at Hilltop North in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Chester Orthodontics has leased 1,650 square feet of retail space at Chesterfield Meadows South in Chesterfield, VA. Bob Butcher represented the landlord.
  • Duck Donuts has leased 1,515 square feet of retail space at the Shoppes at 31 Ocean, Unit 103 in Virginia Beach, VA. Michael Zarpas represented tenant.
  • General Atomics has leased 1,500 square feet of industrial space located at 2503 58th Street in Hampton, VA. Stephanie Sanker, CCIM, SIOR and Seth Norman represented the landlord.
  • 9Round has leased 1,480 square feet of retail space at Strawbridge Marketplace in Virginia Beach, VA. Bill Overman, CCIM, John Wessling, CCIM and Chris Devine represented the tenant.
  • Cut, Curl or Dye has leased 1,480 square feet of retail space at Greenbrier Village in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • FytGurlz Personal Training and Wellness, LLC has leased 1,439 square feet of retail space located at 221 Mount Pleasant Road in Chesapeake, VA. Michael Myers handled the transaction.
  • Yoshi's Tronics has leased 1,200 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Cricket Wireless has leased 1,000 square feet of retail space located at 1900 Laskin Road in Virginia Beach, VA. Chris Zarpas and Christopher Devine represented the landlord.

SALE TRANSACTIONS:

  • KMEH Investments has purchased a 13,660 Walgreen's location on 2.1 acres at 1418 Cedar Road in Chesapeake, Virginia from Old Brandon Cedar Associates for $6,250,000. Thomas G. Johnson, III represented the seller.
  • PCS Curlew Propco, LLC has purchased an 80,170 square foot industrial building located at 5722-5740 Curlew Drive in Norfolk, VA from 2F Realty Co. for $3,200,000. Michael Myers handled the transaction.
  • JWN Properties, LLC has purchased a 7,542 square foot retail property located at 10089 Brook Road in Glen Allen, VA from Brant Homes, LLC for $1,075,000. Nathan Shor represented the seller and Michael Zarpas and Chris Zarpas represented the buyer.
  • Daniel Zachariah Levy has purchased a 13,275 square foot office/warehouse building located at 941 Corporate Lane in Chesapeake, VA from ID Marketing, Inc. for $1,050,000. Michael Myers represented the seller.
  • Dale R. Goodrich has purchased a 15,921 square foot industrial property located at 108, 110 & 112 S. 2nd Street in Richmond, VA from SCHIBU, LLC for $825,000. Reid Cardon represented the seller.
  • HHH1, LLC has purchased a 6,642 square foot office/warehouse property located at 11301-11305 Business Center Drive in Richmond, VA from C.F. Joyner, Jr. & Sons, LLC for $795,000. Reid Cardon represented the buyer.
  • Couple 2 Threes, LLC has purchased a 6,400 square foot restaurant property located at 241 Granby Street in Norfolk, VA from Palm Tree Properties, LLC for $750,000. J.C. Wynkoop represented the seller.
  • R & J Petro, Inc. has purchased the Joyners Motel located on 2.4 acres at 1258 Portsmouth Blvd. in Suffolk, Virginia for $600,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • HPR, LLC has purchased a 10,000 square foot industrial building located at 2409 Bowden's Ferry Road in Norfolk, VA from Richard L. Sykes for $464,000. Michael Myers represented the seller.
  • GHH Loudoun High, LLC has purchased a 7,161 square foot commercial building located at 139 E. Washington Street in Suffolk, VA from 139 East Washington Street, LLC for $200,000. Michael Myers handled the transaction.
  • Branne, LLC has purchased the Confetti Café Restaurant located at 233 Market Street, Virginia Beach, VA from Confetti, LLC, Confetti Café 1, LLC. Ross A. Weinstein, Esq. handled the transaction.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • OneLife Fitness has extended its lease on 41,685 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Audio Video Service Labs has renewed its lease on 6,000 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Richard Jacobson and Tyler Jacobson represented the landlord.
  • Lamp Emporium has extended its lease on 5,000 square feet of retail space at Short Pump Crossing in Richmond, VA. Bob Butcher represented the landlord.
  • Bestway Rent-to-Own has extended its lease on 4,350 square feet of retail space at Holland Windsor Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Mattress Firm has extended its lease on 3,600 square feet of retail space at Little Creek Marketplace in Norfolk, VA. Christopher Hucke represented the landlord.
  • Beijing Chinese Restaurant has extended its lease on 1,600 square feet of retail space at University Shoppes in Norfolk, VA. Nathan Jaffe represented the landlord.
  • Jersey Mike's has exercised its option on 1,598 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Bobbi and Helen's School of Dance has extended its lease on 1,500 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Domino's Pizza has extended its lease on 1,152 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Domino's Pizza has extended its lease on 1,125 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • Inyodo Martial Arts has expanded into an additional 700 square feet of retail space, for a total of 2,240 square feet, at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Designs, Inc. has extended its lease on 630 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach 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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