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S.L. Nusbaum Realty Co. Announces Completed Transactions for March 2014

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

Norfolk, VA - (April, 2014) - S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions for the Norfolk and Richmond Offices:

NEW LEASES:

  • The City of Suffolk has leased 23,360 square feet of office space at 100 N. Main Street in Suffolk, VA. Michael Zarpas and Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Brothers Rental, LLC has leased 4,718 square feet of retail space at Raceway Plaza Shopping Center in Richmond, VA. Nathan A. Shor represented the landlord.
  • Isabella's Bistro & Salumeria has leased 3,125 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Dollar Delight has leased 2,800 square feet of retail space at Jefferson Shoppes in Newport News, VA. Neal Sadler represented the landlord.
  • Minute Loan Center has leased 2,107 square feet of retail space at 2104 Franklin Avenue in New Orleans, LA. Chris Zarpas represented the tenant.
  • Bunting Capital Management has leased 1,933 square feet of office space in the Wells Fargo Center in Norfolk, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Marcos Pizza has leased 1,550 square feet of retail space at 3030 Virginia Beach Boulevard in Virginia Beach, VA. Michael Zarpas represented the landlord.
  • Field Martial Arts Academy has leased 1,540 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • U.S. Navy Recruiting has leased 1,400 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Little Caesars Pizza has leased 1,200 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Just Because Gifts has leased 900 square feet of retail space at the Shoppes at College Park in Farmville, VA. Nathan A. Shor represented the landlord.
  • U.S. Navy Recruiting has leased 900 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Nimbus Vapes has leased 750 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.

SALE TRANSACTIONS

  • Automotive Resource Development Group, LLC has purchased a 28,380 square foot auto dealership on 6.11 acres located at 6440 N. Military Highway in Norfolk, VA from Galloway Enterprises, LLC for $2,800,000. Jerry Adams represented the seller.
  • 33rd Street, LLC has purchased a 22,078 square foot office building from Stanton Beach Tower Corp. for $2,355,000. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • Commercial Real Estate Services, LLC has purchased an 18,370 square foot retail building located at 3838 Virginia Beach Blvd. in Virginia Beach, VA from Flomeyers Associates, LLC for $1,115,000. John Profilet, SIOR represented the seller.
  • Retail at the Hofflin, LLC has purchased a 2,144 square foot commercial building located at 426 Granby Street in Norfolk, VA from Evans & Bryant, PLC for $271,000. Michael Zarpas represented the buyer.
  • KDD Enterprises, LLC has purchased a 3,021 square foot office building located at 12617 Wilfong Drive in Midlothian, VA from EOR, LLC for $160,000. Bill Overman, CCIM and John Wessling, CCIM represented the buyer.
  • MIN Corporation has purchased Zelick's Café & Catering (business only) located at 101 W. Main Street in Norfolk, VA from Zelicks, LLC. Ross A. Weinstein, Esq. represented the seller.

LEASE RENEWAL/EXTENSIONS:

  • Kempsville Building Supply has extended its lease on 40,000 square feet of industrial space at 1112 Cavalier Boulevard in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Dollar Tree Stores has renewed its lease on 16,229 square feet of retail space at Waterlick Plaza Shopping Center in Lynchburg, VA. Nathan A. Shor represented the landlord.
  • MBM Investments has extended its lease on 12,220 square feet of retail space at 4730 Portsmouth Boulevard in Portsmouth, VA. Bill Overman, CCIM and John Wessling, CCIM represented the landlord.
  • Jon M. Babineau has renewed its lease on 2,117 square feet of office space at 109 E. Main Street, Suite 413 in Norfolk, VA. Michael Myers handled the transaction.
  • Hershey Creamery Company has renewed its lease on 3,340 square feet of warehouse space at 1926 Wilroy Road, Suite A in Suffolk, VA. Michael Myers represented the tenant.
  • Payless ShoeSource has extended its lease on 3,188 square feet of retail space at Hilltop North in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Grape & Gourmet has extended its lease on 3,000 square feet of retail space at Loehmann's Plaza Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Hot House Yoga has renewed its lease on 2,750 square feet of retail space at Regency Hilltop Shopping Center in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Trinity Christian Book Store has extended its lease on 1,500 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • GameStop has extended its lease on 1,200 square feet of retail space at Marketplace Shoppes in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Hair Cuttery has extended its lease on 1,200 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Pandora's Posies has renewed its lease on 1,000 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Commonwealth Employee Benefit Solutions, Inc. has renewed its lease on 920 square feet of office space at 3300 Tyre Neck Road in Portsmouth, VA. Michael Myers handled the transaction.
  • Jackson Hewitt has extended its lease on 750 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Cotten & Taylor Insurance has extended its lease on 630 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke 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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