VIRGINIA BEACH, VIRGINIA – Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced that DRE handled the sale of a multi-family property in Virginia Beach and a land parcel in Suffolk, Virginia.
The Residential Corporation purchased Dadson Arms Apartments, a 29-unit apartment community located on 1.47 acres in the heart of Chic’s Beach at 4777 Dadson Court in Virginia Beach. George Fox of DRE’s Virginia Beach office brokered the deal on behalf of the buyer. The seller was Sinclair Corp.
Breakfast One, LLC purchased one acre of outparcel land in the Divaris-leased Hampton Roads Crossing located on University Boulevard in Suffolk. The site will be used to develop a freestanding Village Inn restaurant immediately to the south of the existing Zaxby’s. DRE’s Levi Thomson brokered the sale on behalf of the seller, Terry Peterson Investment Thirty, LLC. The retail component of the mixed-use, 40-acre Hampton Roads Crossing fronts College Drive and is anchored by Kroger Marketplace with junior anchors: Michael’s, Ross Dress for Less, DSW, fiveBelow, ULTA and Petco. Additional outparcels on the site include: Express Oil, Texas Roadhouse and Rite Aid.
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 29 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.
