Divaris Real Estate, Inc. (DRE), announced the completion of four transactions totaling 48,361 square feet of leased commercial space in the greater metropolitan Washington, DC area.

Sales Transaction

PNC Bank sold the 3,750-square-foot former bank facility located at 236 North Washington St. in Havre De Grace, Md. to FLK INVESTMENTS, LLC for $545,000. Amit Grover and Joe Farina represented the seller in the transaction.

Lease Transactions

AutoZone leased 29,551 square feet of retail space on an outparcel pad site with drive-thru in the Divaris-leased Ashburn Town Square located at 43931 Farmwell Hunt Plaza in Ashburn Va. Joe Farina and Amit Grover represented the landlord in the lease negotiations. Anchored by Lotte Market and CVS, Ashburn Town Square boasts a diversified tenant roster including popular dining choices, along with local and national specialty shops including Fantastic Sams and GNC. Outparcels at Ashburn Town Square include Exxon, KFC, Taco Bell, Capital One, M&T Bank and Jiffy Lube.

Spin Pollo leased 2,081 square feet of retail space in in the Divaris-leased Kingstowne Towne Center located at 5942 Kingstowne Towne Center in Alexandria, Va. Brandon Howard and Joe Farina represented the landlord in the lease negotiations. Safeway, HomeGoods and T.J.Maxx anchor Kingstowne Towne Center that also has World Market, Pizzeria Uno, Macaroni Grill, Mattress Firm, Chipotle, Sweet Frog, GameStop, Five Below, Century 21, Panera, CAVA and Virginia ABC Store as tenants.

MoCo Nutrition leased 1,029 square feet of retail space in Century Boulevard Plaza 19851-19861 Century Blvd. in Germantown, Md. Tony Thur represented the tenant in the lease negotiations.

About Divaris Real Estate

Divaris Real Estate, Inc. (http://www.divaris.com) is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte and Raleigh, NC; Charleston, SC; Washington, DC; and Beverly Hills, CA. 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 over 31 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 and Chief Operating Officer 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.