VIRGINIA BEACH, VIRGINIA – Michael B. Divaris, president of Divaris Real Estate, Inc. (DRE), announced that DRE represented Chardave 2020, LLC in the $1.6 million sale 2020 General Booth Boulevard in Virginia Beach to H2H Group Chadswyck, LLC.
Jason Oliver, CCIM, and Vivian Turok comprised the team from Divaris Real Estate that brokered the deal. Turok and Oliver also represented the previous owner in the original acquisition of the property in August 2014 for $600,000. The property then underwent an extensive renovation.
The two-story office property was 95 percent leased at the time of the sale. Virginia Eye Consultants occupies the entire first floor. Divaris Real Estate has been the leasing agent for the property. Turok and DRE’s Elizabeth Napolitano leased the building from approximately three-quarters vacant to 95 percent occupied prior to the Investment Sales Group taking the property out to market for sale. Divaris Property Management Corp will manage 2020 General Booth Boulevard for the new owner.
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.
