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

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

Norfolk, VA - (July, 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:

  • Ashley Furniture has leased 50,712 square feet of retail space at Victorian Square in Chesterfield, VA. Read F. Goode, Jr. represented the tenant.
  • Miso Japanese Hibachi and Sushi Restaurant has leased 4,200 square feet of retail space at Bainbridge Shopping Center in Chesapeake, VA. Chris Zarpas represented the landlord and tenant.
  • Johnson's Hardware has leased 3,650 square feet of retail space at The Crossings at Deep Creek in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • nTelos Wireless has leased 3,096 square feet of retail space at Monticello Marketplace Shoppes in Williamsburg, VA. Stephan Gordon represented the landlord.
  • Hobbytown USA has leased 2,928 square feet of retail space at Chancellor Center in Fredericksburg, VA. Michael Gurley represented the tenant.
  • Big's BBQ has leased 2,375 square feet of retail space at Chesterfield Meadows in Chesterfield, VA. Peter Bunin represented the landlord.
  • Savvy has leased 1,760 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Stephan Gordon represented the landlord.
  • State Farm has leased 1,200 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Stephan Gordon represented the landlord.
  • High Cotton LTD has leased 990 square feet of retail space at Quarterpath Crossing in Williamsburg, VA. Stephan Gordon represented the landlord.
  • Innovative Twist has leased 800 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Rapid Refill Ink has leased 700 square feet of retail space at Great Neck Village in Virginia Beach, VA. Tommy Drew represented the landlord.

  SALES:

  • SBJ Hospitality Group has purchased Spring Hill Suites located at 2424 Gum Road in Chesapeake, VA from MLMT 2007-C1 - 2424 Gum Road LLC for $2,500,000. John Wessling, CCIM and Bill Overman, CCIM represented the buyer.
  • SAS, Inc. has purchased .689 acre located at 1732 Virginia Beach Blvd. in Virginia Beach, VA from the City of Virginia Beach for $240,000. John Wessling, CCIM and Bill Overman, CCIM represented the buyer.
  • Bolero, LLC has purchased Hank's Restaurant, a 1,680 square foot free standing building on .83 acre located at 4810 Jefferson Davis Highway in Richmond, VA from Norma K. Gibson for $130,000. Read F. Goode, Jr. represented the seller.

  LEASE RENEWAL/EXTENSIONS:

  • PPG, Inc. has renewed its lease on 17,700 square feet of warehouse space at 2615 Elmhurst Lane in Portsmouth, VA. John Litz handled the transaction.
  • Dollar General has extended its lease on 8,470 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Jessica Morgan School of Dance has extended its lease on 3,610 square feet of retail space at Huguenot Village in Chesterfield, VA. Bob Butcher represented the landlord.
  • Hampton Roads Karate has extended its lease on 2,400 square feet of retail space at Glenwood Square 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.
  • Americare has extended its lease on 1,170 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Jessica Morgan School of Dance has extended its lease on 912 square feet of retail space at Huguenot Village in Chesterfield, VA. Bob Butcher represented the landlord.
  • Natalie's Alterations Express has extended its lease on 900 square feet of retail space at Short Pump Crossing in Henrico, VA. Peter Bunin represented the landlord.
  • Read Chiropractic has extended its lease on 900 square feet of retail space at Short Pump Crossing in Henrico, VA. Peter Bunin represented the landlord.
  • Law Offices of Leslie K. Diamond has extended its lease on 800 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson and Stephan Gordon represented the landlord.
  • Angel Nails 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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