Divaris Completes Three Retail Transactions in the Carolinas

Posted on December 23, 2014  /  in News Releases  /  No Comments

CHARLOTTE, NORTH CAROLINA: Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the sale of one property and the signing of two leases for retail space in North and South Carolina.

Family Dollar Stores of South Carolina were represented by Diana Teitsma, principal of the Charlotte office of Divaris Real Estate, in the sale of a 6,480-square-foot store to Dennis and Yvonne Beach.  The property, at 1291 Ribaut Road in Beaufort, SC, will be converted into a laundromat.

Hibbett Sporting Goods leased 5,000 square feet of retail space in Freeway Crossing located at 1537 Freeway Drive in Reidsville, North Carolina.  The sporting goods retailer joins Lowe’s Foods, Dollar Tree, Cato and Rent-a-Center.  Teitsma negotiated the lease on behalf of the tenant.

Vibe! Dance Fitness Studio leased 2,386 square feet of retail space in Town Center Business Center at 1001 East WT Harris Boulevard in Charlotte, NC.   After three years in business, Vibe! Dance Fitness Studio is opening its first permanent location.  It joins CosmoProf, Monterrey, Kabuto, The UPS Store, Allstate and Onin Staffing in the Divaris-leased and –managed Town Center Business Center.  Josh Burnett of the Charlotte office of Divaris Real Estate, represented the landlord, Town Center Business, LLC, in the lease negotiations.

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; 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 23 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, 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, 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.

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