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

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

Norfolk, VA - (October, 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:

  • Davita Dialysis has leased 6,500 square feet of retail space at Holland Windsor Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Chartreuse Interiors has leased a 4,500 square foot retail building at 1701 Baltic Avenue in Virginia Beach, VA. Cheyney Cole represented the landlord and tenant.
  • Beyond Bricks has leased 4,008 square feet of retail space at New Town in Williamsburg, VA. Nathan Shor represented the landlord.
  • Bluegreenaqua has leased 2,529 square feet of retail space at New Town in Williamsburg, VA. Nathan Shor represented the landlord and tenant.
  • Little Italy has leased 2,420 square feet of retail space at Jefferson Shoppes in Newport News, VA. Neal Sadler represented the landlord.
  • Dragon Restaurant of VA, Inc. has leased 2,400 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Retro Daddio has leased 2,341 square feet of retail space at New Town in Williamsburg, VA. Nathan Shor represented the landlord and tenant.
  • Minute Loan Center has leased 1,800 square feet of retail space at 2501 Concord Place in Wilmington, DE. Christopher Zarpas represented the tenant.
  • Inside Out Boutique has leased 1,500 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Beach Gold Assay has leased 750 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.

SALE TRANSACTIONS

  • Potomac Conference of Seventh Day Adventists has purchased a 17,000 square foot commercial building located at 12285 Patterson Avenue in Goochland, VA from Richmond Hebrew Day School for $2,425,000. Nathan Shor represented the seller.
  • Pickett Farm Apts., L.P. has purchased 8.939 acres of land located at 5394 Greenplan Road in Norfolk, VA from Maroulis Family for $1,650,000. Michael Myers handled the transaction.
  • JMRS Properties, LLC has purchased a 16,930 square foot free-standing retail/distribution building on a .82 acre site located at 825 Poplar Hall Drive in Norfolk, VA from Bernlo Associates for $1,200,000. Michael Myers represented the seller.
  • Colonial Peninsula Properties, LLC has purchased the Belgian Waffle & Steak House business and a 4,437 square foot restaurant building located at 14700 Warwick Boulevard in Newport News, VA from Crizmar, Inc. and Christou Properties, LLC. Ross A. Weinstein, Esq. represented the seller.
  • Riverfront Shoppes, LLC has purchased 1.23 acres located at River Club Drive and Harbour View Boulevard in Suffolk, VA from Wooten Enterprises, LLC for $500,000. J.C. Wynkoop represented the buyer.
  • Metro Holdings, LLC has purchased .79 acre located at 700 Yorktown Avenue in Portsmouth, VA from Capt'N Earls, Inc. for $265,000. Christopher Zarpas represented the seller.
  • Kraftwerk, LLC has purchased a 6,000 square foot industrial building located at 840 W. 25th Street in Norfolk, VA from Petersen Holdings, L.C. for $225,000. Andrew Myers represented the buyer and the seller.
  • Wedgewood Garden Center, Inc. has purchased a 2,850 square foot retail building located at 7610 Sewells Point Road in Norfolk, VA from Sewells Point, LLC for $103,000. Mike Zarpas represented the seller.

LEASE RENEWAL/EXTENSIONS:

  • DAV Thrift Store has exercised its option on 11,880 square feet of retail space at Smithfield Square in Smithfield, VA. Chris Hucke represented the landlord.
  • Upscale Restaurant has extended its lease on 8,400 square feet of retail space at College Park Square in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • North Carolina License Plate Agency has extended its lease on 2,700 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Michael Gurley represented the landlord.
  • Bliss Bridal Consignment Boutique has extended its lease on 2,510 square feet of retail space at Huguenot Village Shopping Center in Richmond, VA. Bob Butcher represented the landlord.
  • Village Flooring has extended its lease on 1,557 square feet of retail space at Sycamore Square in Midlothian, VA. Bob Butcher represented the landlord.
  • Great Neck Pools 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.
  • Mark Bassett, CPA, PC has extended its lease on 971 square feet of retail space at Linkhorn Shoppes in Virginia Beach, VA. Neal Sadler represented the landlord.
  • LA Nails has extended its lease on 800 square feet of retail space at Ocean View Shopping Center in Norfolk, VA. Tyler Jacobson represented the landlord.
  • Billy's Shoe Repair has extended its lease on 750 square feet of retail space at Great Neck Village in Virginia Beach, VA. Neal Sadler represented the landlord. 

 

With over 112 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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