DRE Leases 22,520 Square Feet of Retail Space in Hampton Roads

11/23/16

Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the signing of five leases totaling 22,520 square feet of retail space. Negotiations were handled through the Virginia Beach, Virginia, office of DRE.

Boho 5 leased 6,600 square feet in the Divaris-leased and -managed Academy Crossing located at 3228 Academy Avenue in Portsmouth, Va. The brewery joins other tenants in Academy Crossing, including: Gymboree, Rita’s Pizza, Elegante Beauty, Dragon City Chinese and Leslie’s Pool Supplies. DRE’s David Bickford represented the landlord, Midlantic Builders VA, LLC, in the lease negotiations.

Kyoto Japanese Steak renewed its lease for 5,350 square feet of retail space in the Divaris-leased Crossways Shopping Center located at 1412 Greenbrier Parkway in Chesapeake, Va. Dave Redmond of Divaris Real Estate represented the landlord, JLP-Chesapeake, LLC, in the lease negotiations. Other tenants in the shopping center include: DSW, Ross Dress for Less, Marshalls, rue21, T.J. Maxx, Ruby Tuesday, Tropical Smoothie Café, Chipotle Mexican Grill, Panera Bread and ULTA Beauty.

Trainers on Call VA leased 4,680 square feet of retail space in the Divaris-leased Village Commons located at 620 Village Drive in Virginia Beach, Va. The personal trainers of Trainers on Call tailor a program perfect for any lifestyle, schedule and level of strength and stamina. DRE’s George Fox handled the lease negotiations for the tenant while Eric Hammond of Divaris represented the landlord, Village Drive Commons, LLC.

The Cato Corporation renewed its lease for 4,640 square feet of retail space in the Divaris-leased Salem Crossing Shopping Center located at 2029 Lynnhaven Parkway in Virginia Beach. Cato Fashions offers the latest fashion styles for women in sizes 2 to 28, jewelry, shoes and accessories, DRE’s Levi Thomson represented the landlord, Elias Properties Salem Crossing, LLC, in the lease negotiations.

Hair District Salon & Spa leased 1,250 square feet of retail space in the Divaris-leased Larkspur Square located at 4720 Princess Anne Road in Virginia Beach. Hammond represented the landlord, Aegean Associates, in the lease negotiations.

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.