Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced the completion of five sales transactions totaling 16,224 square feet of commercial space and 4.45 acres of land. Negotiations were handled through the Virginia Beach and Tyson’s Corner offices of DRE.

Jobil Bullock purchased a 3,000-square-foot office/flex space in the Divaris-leased Trade Center located at 105 South First Colonial Road in Virginia Beach, Va. DRE’s Krista Costa and Katherine Olson represented the seller, David Long, in the negotiations. The two-story office condominium will be used for a landscaping business.

Boys & Girls Club of Westminster purchased the 7,040 square foot, former PNC Bank building located at 71 East Main Street in Westminster, Maryland. To help meet the needs for recreation and companionship of the community's youth and their families, the Boys & Girls Club of Westminster provides healthy, supervised after-school programs and activities. Joe Farina and Amit Grover of the metropolitan Washington, DC office of Divaris Real Estate, represented the seller, PNC Bank.

Dulce Vida Properties Investment, LLC, purchased the 6,184-square-foot, former Italian Inn restaurant located at 6221 Annapolis Road in Hyattsville, Md. The price for the freestanding property was $1.275 million. Robert Gray from the Washington, DC office of DRE brokered the sale on behalf of the seller, Gioni Brothers, Inc.

Kotarides Developers purchased three acres of land in the Kohl’s Crossing shopping center located at 1543 Sam’s Circle in Chesapeake, Va. The land will be used to develop additional retail space. Other tenants in the center include Kohl’s, hhgregg, Walmart, at home, Dollar Tree, Sam’s Club, Texas Roadhouse, Chuck E. Cheese, Wendy’s, Applebee’s and Chick-fil-A. DRE’s Mary McGovern and Erica Rorrer handled the sale on behalf of the seller, Tract 2B Chesapeake, LLC.

Par 3 Development Group, LLC purchased 1.45 acres of land located on Carrolton Boulevard in Carrolton, Va for the development of a Dollar General store. With more than 12,000 stores in 43 states, Dollar General is America’s largest small-box discount retailer by sales. The land sale was brokered on behalf of the sellers, R.T. Arnold and Margaret Harper, by DRE’s Levi Thomson.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA and Washington, DC. Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases in excess of 26 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S. DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.