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

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

Norfolk, VA - (February, 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:

  • Atlantic Orthopaedic Specialists has leased 12,880 square feet of office space at 6160 Kempsville Circle in Norfolk, VA. John Profilet, SIOR represented the tenant.
  • Foster Plumbing and Heating, Inc. has leased 11,000 square feet of office space at 11301-B Business Center Drive in Richmond, VA. Reid Cardon represented the landlord.
  • Centric Communications, LLC has leased 10,000 square feet of industrial space at 1155 Pineridge Road in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Total Accessory Center has leased 4,700 square feet of office space at 11201 Midlothian Turnpike in Richmond, VA. Nathan Shor represented the landlord.
  • Queen's Cleaners has leased 1,795 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • Sports Clips has leased 1,625 square feet of retail space at Raceway Market Shops in Indianapolis, IN. Matthew Nusbaum represented the landlord.
  • Jimmy John's Gourmet Sandwiches has leased 1,610 square feet of retail space at 5824 Northampton Boulevard, #104 in Virginia Beach, VA. J.C. Wynkoop represented the tenant.
  • Insomnia Cookies has leased 1,452 square feet of retail space at ODU Village in Norfolk, VA. Murray Rosenbach represented the landlord.
  • IchRan Japanese Ramen has leased 1,235 square feet of retail space at Military Square Shopping Center in Norfolk, VA. Mike Zarpas handled the transaction.
  • David Rios has leased 1,200 square feet of flex space at 5109 Witchduck Court in Virginia Beach, VA. Seth Norman represented the landlord.
  • Tri Com Enterprises, Inc. has leased 1,200 square feet of flex space at 5111-B Witchduck Court in Virginia Beach, VA. Seth Norman represented the landlord.
  • Beach South Realty has leased 1,120 square feet of office space at Courtyard at Providence in Virginia Beach, VA. Neal Sadler represented the landlord.

SALE TRANSACTIONS:

  • JWN Properties, LLC has purchased a 17,293 square foot shopping center located at 3452-3454 Anderson Highway in Powhatan, Virginia from Maxey Center, LLC for $3,800,000. Mike Zarpas and Chris Zarpas represented the buyer.
  • Willie Bob Smith has purchased a 29,600 square foot office/warehouse building located at 1 Peebles Street in South Hill, VA from Peebles/Stage Stores for $1,550,000. Nathan Shor and Michael Gurley represented the seller.
  • VBB 3838, LLC has purchased an 18,370 square foot commercial building located on 1.197 acres at 3838 Virginia Beach Boulevard in Virginia Beach, VA from McKnight Family Partnership, LLLP for $1,200,000. Mike Zarpas represented the buyer.
  • Blue Real Estate, LLC has purchased a 6,610 square foot office/warehouse building located at 1815, 1817 and 1819 W. Broad Street in Richmond, VA from Asset Preservations, Inc. for $398,500. Reid Cardon represented the buyer.
  • Doris Geneva, LLC has purchased a 1,752 square foot industrial condo unit located at 936 Professional Place, Unit 9B in Chesapeake, VA from United States of America for $55,000. Michael Myers represented the buyer.
  • Chicago Scoops, LLC has purchased the Cold Stone Creamery (business only) located at 5860 Harbour View Boulevard in Suffolk, VA from Nehemiah Partners, II, LLC. Ross A. Weinstein, Esq. handled the transaction.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • PetSmart has renewed its lease on 21,102 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Richard Jacobson and Tyler Jacobson represented the landlord.
  • Henrico Furniture has renewed its lease on 14,603 square feet of retail space at Huguenot Village Shopping Center in Chesterfield, VA. Bob Butcher represented the landlord.
  • Williams & Sherrill has renewed its lease on 5,000 square feet of office/warehouse space at Rivanna Business Court in Richmond, VA. Bob Butcher represented the tenant.
  • Bakers Crust has renewed its lease on 4,300 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • ReMax Allegiance has extended its lease on 4,200 square feet of retail space at Loehmann's Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Sunny Cleaners has extended its lease on 2,600 square feet of retail space at Millwood Plaza in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Solar Nails & Spa has extended its lease on 2,000 square feet of retail space at The Shoppes at Bellgrade in Midlothian, VA. Bob Butcher represented the landlord.
  • Albano Cleaners has extended its lease on 1,500 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Festive Creations has renewed its lease on 871 square feet of office space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Caste's Barber Shop has extended its lease on 675 square feet of retail space at Princess One Shopping Center 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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