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S.L. Nusbaum Realty Co. Announces Completed Transactions for July 2012

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

Norfolk, VA - (August, 2012) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions for the Norfolk and Richmond Offices:

NEW LEASES:

  • Anna's Linens has leased 9,391 square feet of retail space at J.A.N.A.F. Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
  • O'Reilly Automotive has leased 6,500 square feet of retail space at 1248 Cedar Road in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Bliss Bridal Consignment Boutique has leased 2,510 square feet of retail space at Huguenot Village in Chesterfield, VA. Bob Butcher represented the landlord.
  • Figaro's Italian Restaurant has leased 2,423 square feet of retail space at Sycamore Square in Chesterfield, VA. Bob Butcher represented the landlord.
  • Cuddle Bugs Learning Center has leased 2,290 square foot, free- standing retail building at 925 Diamond Springs Road in Virginia Beach, VA. Matthew Nusbaum represented the landlord.
  • Gillmann Services, Inc. leased 2,167 square feet of office space at Churchland Professional Center in Portsmouth, VA. Andrew Myers represented the landlord.
  • Nails Only has leased 1,600 square feet of retail space at Holland Windsor Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Jimmy John's Gourmet Sandwiches has leased 1,575 square feet of retail space at Millennium Crossing in Norfolk, VA. J.C. Wynkoop represented the tenant.
  • Home Theater Innovations has leased 1,345 square feet of retail space at Greenbrier Village in Chesapeake, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Churchill Cigars has leased 700 square feet of retail space at Great Neck Village in Virginia Beach, VA. Tommy Drew represented the landlord.

  SALES:

  • Kroger Limited Partnership has purchased the former Kmart located on 16.8 acres at 3901 Holland Road in Virginia Beach, VA for $7,000,000. Tommy Drew represented the buyer. Additional details forthcoming in separate release.
  • Jamie A. Ramsay has purchased a 4,155 square foot office condo located at 150 Burnett's Way, Suite 300 in Suffolk, VA from Melrick Enterprises, LLC. Michael Myers represented the seller.
  • Tidewater Express, Inc. has purchased Midas, located at 14798 Warwick Boulevard in Newport News, VA from Virginia Automotive Systems Peninsula. Ross A. Weinstein, Esq. represented the seller.
  • Tidewater Express, Inc. has purchased Midas, located at 2801 Mercury Blvd. in Newport News, VA from Virginia Automotive Systems Peninsula, Inc. Ross A. Weinstein, Esq. represented the seller.
  • Benjamard Best has purchased Siam 21, located at 742 W. 21st Street in Norfolk, VA from Ratana, Inc. Ross A. Weinstein, Esq. represented the seller.
  • IGL Properties, LLC has purchased .37 acre located at 2101 Columbus Street in Virginia Beach, VA from L & M Contractors, Inc. for $78,000. Chris Zarpas represented the buyer and seller.

  LEASE RENEWAL/EXTENSIONS:

  • Sentara Enterprises, Inc. renewed its lease of a 12,000 square foot commercial building at 5792 Arrowhead Drive in Virginia Beach, VA. Michael Myers handled the transaction.
  • Accurate Courier Express, Inc. extended its lease on 8,750 square feet of office/warehouse space at 4580-B Village Avenue in Norfolk, VA. Michael Myers represented the tenant.
  • New Bethel (Blessed Hope Family Worship) has renewed its lease and expanded into 4,530 square feet of retail space at Weblin Shopping Center in Virginia Beach, VA. Tommy Drew represented the landlord.
  • Catherine's has extended its lease on 3,665 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Workplace Solutions has expanded into an additional 2,500 square feet of office space at 317 Village Road in Virginia Beach, VA. Chris Zarpas represented the landlord.
  • Jeffrey L. Marshall has extended its lease on 2,344 square feet of office space at Riverside Corporate Center in Norfolk, VA. Mark B. Warlick, SIOR represented the landlord.
  • Deborah Womack State Farm Agent has extended its lease on 1,250 square feet of office space at 730-A High Street in Portsmouth, VA. Mark B. Warlick, SIOR represented the landlord.
  • Top Tailor has extended its lease on 824 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Crystal Palace Massage has extended its lease on 750 square feet of retail space at Great Neck Village in Virginia Beach, VA. Tommy Drew 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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