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

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

Norfolk, VA - (June, 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:

  • EIS, Inc. has leased 97,074 SF of industrial space at 3800 Cook Blvd. in Chesapeake, Virginia. Stephanie Sanker, CCIM, SIOR represented the landlord.
  • Valkyrie Enterprises has leased 45,663 SF of warehouse/office space at 3800 Village Ave. in Norfolk, VA. C. Cheyney Cole, Jr., CCIM represented the landlord.
  • Anytime Fitness has leased 4,410 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord
  • Martin's Soul Food has leased 4,200 square feet of retail space at Bainbridge Shopping Center in Chesapeake, VA. Christopher Zarpas represented the landlord and tenant.
  • Pixie Treasures has leased 3,000 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Affordable Bail Bonds has leased 2,488 square feet of retail space at 2400 Princess Anne Road in Virginia Beach, Virginia. Christopher Zarpas represented the landlord and tenant.
  • Prodigy Boutique has leased 1,800 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Minute Loan Center has leased 1,500 square feet of retail space at 17884 Coastal Highway in Lewes, DE. Christopher Zarpas represented the tenant.
  • Express PC Solutions has leased 1,060 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • Smokey's Vapors has leased 750 square feet of retail space at Chesterfield Meadows in Chesterfield, VA. Bob Butcher represented the landlord.
  • Ebenezer Closet has leased 630 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.

SALE TRANSACTIONS:

  • Nuz Investments II has purchased Raceway Market Shops, a 26,088 SF shopping center located at 9210 Rockville Road in Indianapolis, IN from Raceway Market Shops, LLC for $5,700,000. Matthew and Andrew Nusbaum represented the buyer.
  • Fourteen Forty, LLC has purchased an 8,600 square foot retail building on .86 acre for located at 1440 N. Great Neck Road in Virginia Beach, VA from CHGM, Inc. for $895,000. John M. Profilet, SIOR represented the buyer.
  • Flint Holdings, LLC has purchased a 10,700 square foot office/warehouse located at 1801 High Point Road in Richmond, VA from Yesback Family Trust for $445,000. Reid Cardon represented the buyer and seller.
  • Nishit Patel has purchased the Atlas Bar & Grill located at 2100 Great Neck Road in Virginia Beach, Virginia from Michael S. Atkinson, Cory R. Beisel and Cuisine Concepts, Inc. for $220,000. J.C. Wynkoop represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Broadbay Cotton Company has renewed its sublease of 5,000 square feet of warehouse space at 5908 Thurston Avenue in Virginia Beach, VA. Michael Myers represented the sublessor.
  • The Athlete's Foot has extended its lease and expanded to 4,325 square feet of retail space at Suffolk Plaza in Suffolk, VA. Christopher Hucke represented the landlord.
  • Freewheelin Bike, Inc. has extended its lease on 4,200 square feet of retail space at Loehmann's Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Rutter Mills, LP has renewed its lease on a 2,628 square foot office building located at 4700 Washington Avenue in Newport News, VA. Bill Overman, CCIM and John Wessling, CCIM represented the tenant.
  • Virginia ABC Store has renewed its lease on 2,205 square feet of retail space at Washington Square in Grafton, VA. Neal Sadler represented the landlord.
  • RadioShack has extended its lease on 1,795 square feet of retail space at Colley Village in Norfolk, VA. Neal Sadler represented the landlord.
  • Hair Cuttery has extended its lease on 1,621 square feet of retail space at University Village- ODU in Norfolk, VA. Murray Rosenbach represented the landlord.
  • GameStop has extended its lease on 1,489 square feet of retail space at The Shops at Cedar Valley. Neal Sadler represented the landlord.
  • GNC has extended its lease on 1,020 square feet of retail space at Hilltop North in Virginia Beach, VA. Richard Jacobson represented the landlord.
  • Khames Jewelers has extended its lease on 926 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord.
  • Ying's Tailors has extended its leases on 750 square feet of retail space at Loehmann's Plaza in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Law Offices of Winslow & McCurry has renewed its leases on 147 square feet, 386 square feet and 483 square feet of retail space at Sycamore Square in Midlothian, 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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