Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced that DRE represented Southport Elizabeth Investors, Inc. in the sale of Southport Trade Center located at 349 Southport Circle in Virginia Beach to Adrianos Touzos, a Virginia Beach-based investor. Michael Divaris, Alex Divaris, CCIM and Jason Oliver, CCIM, comprised the team from Divaris Real Estate’s Investment Sales Group.

Southport Trade Center is a single-story office/flex building located within the Central Business District of Virginia Beach, approximately one mile south of the Town Center of Virginia Beach. The property was fully leased at the time of the sale. Tenants in Southport Trade include: Pennoni, Mosquito Joe and Tradesmen. The property is leased by Divaris Real Estate.

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.