VIRGINIA BEACH, VIRGINIA – Gerald S. Divaris, Chairman and CEO of Divaris Real Estate, Inc. (DRE), announced that DRE represented W.W. Owens & Sons Moving and Storage, Inc. in the sale of 44.34 acres in Elizabeth City, NC to Vulcan Lands, Inc (NYSE: VMC).
David Bickford of DRE’s Virginia Beach office brokered the deal on behalf of the seller. Bickford has been essential to moving property in North Eastern North Carolina and the Hampton Roads area of Virginia, where he primarily represents land and shopping center owners.
The property at 174 Knobbs Creek Drive has been tenanted by Vulcan for over 30 years, and has direct rail service to their quarry in West Virginia. Vulcan is the nation’s largest producer of construction aggregates – primarily crushed stone, sand and gravel. They employ over 7,000 people in 19 states. Most of the infrastructure of the US is paved with Vulcan rock.
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.
