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S.L. Nusbaum Realty Co. Announces Completed Transactions For September 2014

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

Norfolk, VA - (October, 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:

  • Ocean Air Auto Repair, Inc. has sublet 30,976 SF of commercial buildings located at 3496-3500 Holland Road in Virginia Beach, VA. Cheyney Cole handled the transaction.
  • JF Fitness has leased 25,600 square feet of retail space at 5432 Glenside Drive in Richmond, VA. James Gresock and Nathan Shor represented the landlord. 
  • New Generation Daycare & Learning Center, LLC has leased 14,500 square feet of retail space at 603 Lincoln Street in Norfolk, VA. Christopher Zarpas represented the landlord.
  • Mommy Time Corporation has leased 7,115 square feet of retail space at Tanglewood Mall in Roanoke, VA.  Nathan Shor represented the landlord.
  • International Golf Discount has leased 4,866 square feet of retail space at Regency Hilltop in Virginia Beach, VA. Michael Gurley represented the landlord.
  • Top Shelf Art has leased 3,000 square feet of retail space at Lynnhaven Crossing in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Zoes Virginia has leased 2,800 square feet of retail space at the Town Place Shops in Chesapeake, VA. J.C. Wynkoop represented the tenant.
  • Protection One Alarm Monitoring, Inc. has leased 2,670 square feet of office space at 425 Southlake Blvd. in Richmond, VA. Nathan Shor represented the tenant.
  • Army/Navy and Marine Recruiting has leased 2,325 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Verizon Wireless has leased 2,085 square feet of retail space at Windsor Commons in Windsor, VA. Michael Zarpas represented the landlord.
  • Floor & Décor Garden Center has leased 1,728 square feet of retail space at 5432 Glenside Drive in Richmond, VA. James Gresock represented the landlord.
  • NutriShop has leased 1,558 square feet of retail space at Towne Place Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Oriental Massage has leased 1,230 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Metro PCS has leased 1,000 square feet of retail space at Suffolk Shopping Center in Suffolk, VA. Christopher Hucke represented the landlord.
  • Pioneer Vapes has leased 720 square feet of retail space at 426 Granby Street in Norfolk, VA. Michael Zarpas represented the landlord.

SALE TRANSACTIONS

  • Midtown Marketplace, LLC has purchased 7.5 acres located at Frederick Blvd. and Turnpike Blvd. in Portsmouth, VA from Portsmouth Economic Development Authority for $980,775. Tommy Drew, John Litz and James Gresock handled the transaction.
  • Accumark Partners, LLC has purchased a 6,437 square foot industrial building located at 6020 and 6040 Midlothian Turnpike in Richmond, VA from SEE 6020 Midlothian, LLC for $670,000. Reid Cardon represented the buyer.
  • Francisco A. Aviles has purchased a 2,721 square foot retail building located at 7909 Bison Avenue in Norfolk, VA from Donna R. Brownstein for $254,700. Michael Myers handled the transaction.
  • Lisa Lavallais has purchased an 1,809 square foot office building located at 625 E. Washington Street in Suffolk, VA from Indian River Road Properties, LLC for $200,000. Bill Overman, CCIM and John Wessling, CCIM represented the seller.
  • 5073 Virginia Beach Blvd, LLC has purchased a 1,172 square foot commercial building on .29 acre located at 25 Pennsylvania Avenue in Virginia Beach, VA from Christopher P. Gilbert for $160,000. J.C. Wynkoop represented the seller.

LEASE RENEWALS/EXTENSIONS/EXPANSIONS:

  • Food Lion has exercised its option on 33,234 square feet of retail space at College Park Square I in Virginia Beach, VA. Tyler Jacobson represented the landlord.
  • Dollar General has extended its lease on 8,470 square feet of retail space at Kempsville Plaza in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Surf Rider has renewed its lease on 5,489 square feet of retail space Towne Place at Greenbrier in Chesapeake, VA. Murray Rosenbach represented the landlord.
  • Med Emporium has extended its lease on 5,000 square feet of retail space at Regency Hilltop. Michael Gurley represented the landlord.
  • Bridal Elegance of Virginia, Inc. has extended its lease on 3,150 square feet of retail space at Short Pump Shoppes in Richmond, VA.  Bob Butcher represented the landlord.
  • Quality Music has extended its lease on 2,205 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach represented the landlord.
  • Tropical Smoothie has extended its lease on 1,800 square feet of retail space at WindsorMeade Marketplace in Williamsburg, VA. Tyler Jacobson represented the landlord.
  • nTelos has renewed its lease on 1,800 square feet of retail space at Hilltop North Shopping Center in Virginia Beach, VA. Richard M. Jacobson represented the landlord.
  • Enterprise Rent-A-Car has exercised its option on 1,654 square feet of retail space at James York Plaza in Williamsburg, VA. Neal Sadler represented the landlord.
  • Roanoke Valley Insurance has extended its lease on 1,500 square feet of retail space at Roanoke Rapids Plaza Shopping Center in Roanoke Rapids, NC. Michael Gurley represented the landlord
  •  Americare has extended its lease on 1,170 square feet of retail space at Princess One Shopping Center in Virginia Beach, VA. Murray Rosenbach 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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