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

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

Norfolk, VA - (April, 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:

  • D2E Enterprise has leased 7,250 square feet of industrial space located at 1836 Elmwood Avenue in Norfolk, VA. Michael Myers handled the transaction
  • Fastenal has leased 5,000 square feet of office space at 602 Port Centre Parkway in Portsmouth, VA. Neal Sadler and Christopher Hucke represented the tenant.
  • Hampton Roads Karate/Gracie Jiu-Jitsu Chesapeake has leased 2,400 square feet of retail space at Glenwood Square in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Encompass Home Health has leased 1,868 square feet of office space at 5115 Bernard Drive in Roanoke, VA. Nathan Shor represented the tenant.
  • C & C Enterprises, LLC has leased 1,400 square feet of retail space at 1440 N. Great Neck Road in Virginia Beach, VA. John M. Profilet, SIOR represented the landlord.
  • Abrams, LLC has leased 1,380 square feet of office space at 4624 Pembroke Boulevard in Virginia Beach, VA. Seth Norman represented the landlord.
  • Bliss of Elegance Boutique has leased 1,300 square feet of retail space at 2406 Princess Anne Road, Unit A in Virginia Beach, VA. Chris Devine and Chris Zarpas represented the landlord.
  • Studio M Hair Design has leased 1,253 square feet of retail space at The Shops at Cedar Valley in Williamsburg, VA. Neal Sadler represented the landlord.
  • Commercial Transportation, LLC has leased 684 square feet of retail space and 2 acres of yard space at Charlie's Truck Plaza in Virginia Beach, VA. Chris Zarpas represented the landlord.

SALE TRANSACTIONS:

  • The Runnymede Corporation has purchased a 32,444 square foot office building located at 100 Constitution Drive in Virginia Beach, VA from 100 Constitution Drive Associates, LLC for $3,300,000. Chris Zarpas represented the buyer and John M. Profilet, SIOR represented the seller.
  • Sosi Investment, LLC has purchased a 32,188 square foot office and industrial building located at 3124-3138, 3318, 3322 Chesapeake Blvd. and 3137 and 3303 Illinois Avenue in Chesapeake, VA from James B. Long for $700,000. Ross Weinstein, ESQ. and Stephanie Sanker, CCIM, SIOR represented the seller.
  • Riptide, LLC has purchased a 790 square foot commercial property on 1.04 acre located at 2214 E. Little Creek Road in Norfolk, VA for $670,000. Chris Zarpas and Mike Zarpas represented the buyer.
  • A & A Rentals, LLC has purchased an 11,160 square foot industrial building located at 606 Chautauqua Avenue in Portsmouth, VA from Tower Assets Newco IX, LLC for $475,000. John M. Profilet, SIOR represented the seller.
  • JT Little Creek, LLC has purchased an 8,253 square foot shopping on .96 acre center located at 3846-3858 E. Little Creek Road in Norfolk, VA from Nicholas Investments, LLC for $475,000. Mike Zarpas represented the seller.
  • 5073 Virginia Beach Blvd., LLL has purchased a 2,848 square foot commercial building located at 249 Pennsylvania Avenue in Virginia Beach, VA from Walter B. Gee, Jr. for $300,000. J.C. Wynkoop represented the buyer.
  • North Landing, LLC has purchased a 3,332 square foot office condo located at 2492 North Landing Road, Unit 101 & 102 in Virginia Beach, VA from Southern Bank & Trust Co. for $236,000. Bill Overman, CCIM, John Wessling, CCIM and Wade Wawner represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Office Depot has renewed its lease on 19,986 square feet of retail space at Windsor Meade Marketplace in Williamsburg, VA. Richard Jacobson and Tyler Jacobson represented the landlord.
  • InnovaSystems International, LLC has renewed its lease on 18,790 square feet of office space at 7447 Central Business Park Drive in Norfolk, VA. John M. Profilet, SIOR represented the landlord. Shoe Show, Inc. has relocated into and extended its lease on 4,000 square feet of retail space at Center Stage at Lumberton in Lumberton, NC. Nathan Shor represented the landlord.
  • Spaghetti Eddie's has renewed its lease on 3,500 square feet of retail space at Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Wild Birds Unlimited has renewed its lease on 3,000 square feet of retail space at Monticello Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • Axsom Martial Arts has extended its lease on 3,000 square feet of retail space at Warwick Village in Newport News, VA. Tyler Jacobson represented the landlord.
  • Penelope has extended its lease on 2,700 square feet of retail space at Short Pump Shoppes in Richmond, VA. Bob Butcher represented the landlord.
  • ABC Store has extended its lease on 2,500 square feet of retail space at Virginia Center Marketplace in Glen Allen, VA. Bob Butcher represented the landlord.
  • Escape Massage has extended its lease on 2,400 square feet of retail space at Short Pump Crossing in Richmond, VA. Bob Butcher represented the landlord.
  • Milt Rawls State Farm Insurance has extended its lease on 1,983 square feet of retail space at Courtyard at Providence in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Advance America has extended its lease on 1,410 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord. 
  • Frances Wig & Hair has renewed its lease on 1,250 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • UPS Store has extended its lease on 1,200 square feet of retail space at Short Pump Crossing in Richmond, VA. Bob Butcher represented the landlord.
  • BR Framing has extended its lease on 1,125 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • Merle Norman has renewed its lease on 1,000 square feet of retail space. Tyler Jacobson represented the landlord.
  • Smokers Express has extended its lease on 920 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • Clare's Nails has extended its lease on 914 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Sandy's Alterations has extended its lease on 731 square feet of office space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Cotten & Taylor Insurance Group has extended its lease on 630 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • Ann's Tailoring has extended its lease on 600 square feet of retail space at Chesterfield Meadows South in Chesterfield, VA. 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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