NORFOLK, VA – (May 2010) – S. L. Nusbaum Realty Co. is pleased to announce the successful negotiation of the following transactions:
LEASES:
• Window World of Tidewater has leased 15,600 SF of retail/industrial space at 3517 Virginia Beach Blvd. in Virginia Beach, VA. Tommy Drew represented the landlord.
• Compound Crossfit has leased 5,000 SF of industrial space at 905 Live Oak Drive in Chesapeake, VA. Stephanie Sanker, CCIM, SIOR represented the tenant.
• Beauty Alliance has leased 3,000 SF of retail space at JANAF Shopping Yard in Norfolk, VA. Michael Gurley represented the landlord.
• Tokyo Grill has leased 2,100 SF of retail space at Suffolk Shopping Center in Suffolk, VA. Ron Rowe represented the landlord.
• National Optometry has leased 1,980 SF of retail space at the Marketplace Shoppes in Williamsburg, VA. Stephan Gordon represented the landlord.
• New Bethel Cathedral Worship Center has leased 1,800 SF of retail space at Weblin Shopping Center in Virginia Beach, VA. Ron Rowe represented the landlord.
• Abel Dream Center has leased 1,750 SF of retail space at Chesapeake Square Shoppes in Chesapeake, VA. Chris Hucke represented the tenant.
• Delmarva Recovery has leased 1,200 SF of office space at London Bridge Commerce Center in Virginia Beach, VA. Chris Zarpas represented the landlord and tenant.
• National PC Professionals has leased 750 SF of retail space at The Crossings at Deep Creek in Chesapeake, VA. Murray Rosenbach represented the landlord.
• Top Nails has leased 750 SF of retail space at the Great Neck Shopping Center in Virginia Beach, VA. Ron Rowe represented the landlord.
SALES:
• BUA, Inc. has purchased a 3,206 SF, one-story commercial building located at 1346 Richmond Road in Williamsburg, VA from Westgate Resorts for $685,000. Michael Myers represented the buyer.
• Reginald and Sharon Lynch have purchased a 2,448 SF office building located at 3617 Dam Neck Road in Virginia Beach, VA from Robert and Marilyn Barnes for $375,000. Doug Aronson represented the buyer and the seller.
Currently celebrating its 104th anniversary, S.L. Nusbaum Realty Co. manages, develops and provides brokerage services to shopping center projects, apartment communities, office and industrial properties throughout Virginia, North Carolina, South Carolina and Florida.
With offices in Norfolk and Richmond, VA, it is one of the largest commercial real estate firms in Virginia and currently manages over 5.3 million square feet of retail space, over 17,000 apartment units and 2 million square feet of office and industrial properties.
S.L. Nusbaum Realty Co. is proud to partner with X Team International. X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.
