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

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

Norfolk, VA - (April, 2013) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions for the Norfolk and Richmond Offices:

NEW LEASES:

  • Floor and Décor has leased 80,180 square feet of retail space at 5432 Glenside Drive in Henrico, Virginia. James Gresock and Read F. Goode, Jr, represented the landlord.
  • Pet Supplies Plus has leased 8,800 square feet of retail space at The Shoppes at Bellgrade in Midlothian, Virginia. Bob Butcher represented the landlord.
  • Impact Martial Arts Academy has leased 8,000 square feet of retail space at Holland Windsor Shopping Center in Virginia Beach, Virginia. Murray Rosenbach represented the landlord.
  • Newman Family Pharmacy has leased 4,989 square feet of retail space at Millwood Plaza in Chesapeake, Virginia. Murray Rosenbach represented the landlord.
  • William C. Bowen Companies has leased 2,160 square feet of retail space at Suffolk Plaza in Suffolk, Virginia. Christopher Hucke represented the landlord.
  • Lockdown Sports has leased 1,995 square feet of retail space at Great Neck Village in Virginia Beach, Virginia. Neal Sadler represented the landlord.
  • Vinyl Daze has leased 1,873 square feet of retail space at Linkhorn Shoppes in Virginia Beach, Virginia.  Neal Sadler represented the landlord.
  • Jimmy John's Gourmet Sandwiches has leased 1,600 square feet of retail space at Southgate Shops in Virginia Beach, Virginia. JC Wynkoop represented the tenant.
  • Family Coin & Jewelry has leased 1,375 square feet of retail space at Chesterfield Meadows in Chesterfield, VA. Bob Butcher represented the landlord.
  • American Lifeline Medical Transport, Inc. has leased a 1,044 square foot office building at 4028 Cedar Lane in Portsmouth, Virginia. Andrew Myers represented the landlord.
  • Tabitha Blanton has leased 1,012 square feet of retail space at the Shoppes at College Park in Farmville, Virginia. Nathan Shor represented the landlord and tenant.
  • Sound Advice has leased 960 square feet of retail space at Courtyard at Providence in Virginia Beach, Virginia. Neal Sadler represented the landlord.
  • Commonwealth Employee Benefit Solutions, Inc. has leased 920 square feet of office space at 3300 Tyre Neck Road, in Portsmouth, Virginia. Andrew Myers represented the landlord.
  • Total Beauty Salon has leased 800 square feet of retail space at College Park Square II in Virginia Beach, Virginia. Tyler Jacobson represented the landlord.

SALES TRANSACTIONS:

  • J&J Midlothian, LLC has purchased the 114,000 square foot former Kmart located at 6807 Midlothian Turnpike in Richmond, Virginia from Midlothian KM, LLC for $4,350,000. Read F. Goode, Jr. represented the seller.
  • AIK Properties, LLC has purchased 4 acres located on College Drive in Suffolk, Virginia from Commonwealth Building Company for $1,500,000. Mark B. Warlick, SIOR represented the seller.
  • Turf and Garden, Inc. has purchased a 14,160 square foot office building at 929 Professional Place in Chesapeake, Virginia from Parker Lands, LLP for $1,410,600. Stephanie Sanker, CCIM, SIOR represented the seller.
  • GOBRUNG, LLC has purchased 9,201 square feet of commercial buildings on .464 acre at 6112 and 6116 E. Virginia Beach Boulevard in Norfolk, Virginia from Francis L. Matthews Revocable Living Trust for $295,000. Michael Myers handled the transaction.
  • Kelham Properties, LLC has purchased a 7,700 square foot office building at 405 S. Parliament Drive in Virginia Beach, Virginia from L.S. Goldner, LLC and M.R. Goldner, LLC for $330,000. Cheyney Cole represented the sellers.
  • LAAP Holding, LLC & David T. Smith has purchased Chesapeake Remodeling located at 2216 High Street in Portsmouth, Virginia from PRB Holding, LLC. Ross A. Weinstein, Esq. represented the seller.

 LEASE RENEWAL/EXTENSIONS:

  • Dollar General has exercised its option on 7,500 square feet of retail space at Suffolk Plaza in Suffolk, Virginia. Christopher Hucke represented the landlord.
  • Hallmark has modified its lease and relocated to 4,480 square feet of retail space at Suffolk Shopping Center in Suffolk, Virginia. Christopher Hucke represented the landlord.
  • Holland Cleaners has renewed its lease on 3,693 square feet of retail space at 603 Frederick Boulevard in Portsmouth, Virginia. Andrew Myers handled the transaction.
  • ABC Store has renewed its lease on 3,500 square feet of retail space at Ocean View Shopping Center in Norfolk, Virginia. Tyler Jacobson and Stephan Gordon represented the landlord.
  • School Crossing has extended its lease on 3,000 square feet of retail space at Monticello Marketplace in Williamsburg, Virginia. Stephan Gordon and Tyler Jacobson represented the landlord.
  • H&R Block has extended its lease on 2,450 square feet of retail space at Washington Square in Grafton, Virginia. Neal Sadler represented the landlord.
  • My Spa & Nails has exercised its option on 1,800 square feet of retail space at Hilltop North in Virginia Beach, Virginia. Richard Jacobson represented the landlord.
  • Petals and Bows has extended its lease on 1,750 square feet of retail space at Chesterfield Meadows in Chesterfield, Virginia. Bob Butcher represented the landlord.
  • Royal Nails has extended its lease on 1,344 square feet of retail space at Smithfield Shopping Center in Smithfield, Virginia. Christopher Hucke represented the landlord.
  • Disney Chiropractic has extended its lease on 1,000 square feet of retail space at LynnShores Shopping Center in Virginia Beach, Virginia. Murray Rosenbach represented the landlord.
  • Cross Cutters has extended its lease on 1,000 square feet of retail space at Millwood Plaza in Chesapeake, Virginia. Murray Rosenbach represented the landlord.
  • Twisted Scissors Hair Salon has renewed its lease on 900 square feet of retail space at Short Pump Shoppes in Richmond, Virginia. Bob Butcher represented the landlord.
  • North End Pizza has extended its lease on 800 square feet of retail space at Great Neck Village in Virginia Beach, Virginia. Neal Sadler represented the landlord.
  • Cotton & Taylor Insurance has extended its lease on 630 square feet of retail space at Suffolk Plaza in Suffolk, Virginia. Christopher Hucke represented the landlord.
  • Roni Pitt/Capri Tan has extended its lease on 400 square feet of warehouse space at Chesterfield Meadows in Chesterfield, Virginia. Bob Butcher 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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