SUFFOLK, VA: Gerald S. Divaris, Chairman and CEO of Divaris Real Estate, Inc. (DRE) is pleased to announce the addition of four national retailers and Zaxby’s to Hampton Roads Crossing, a newly developed Kroger Marketplace-anchored shopping center. The 40-acre, mixed-use retail center is located in Suffolk’s Harbour View area, which spans the Suffolk-Portsmouth city lines.
“I couldn’t be more thrilled and supportive of this dynamic mix of tenants that has selected Suffolk to grow their business and look forward to seeing this retail destination moving forward,” said Suffolk Mayor Linda T. Johnson.
RLB Realty Investment purchased 1.13 acres of land at College Drive and Hampton Roads Crossing, which will be developed into the area’s sixth Zaxby’s location. The national restaurant chain serves fried chicken fingers, wings, sandwiches and other American comfort eats. The transaction was handled on behalf of the seller, Terry/Peterson Investment Thirty, LLC., by Levi Thomson of DRE’s Virginia Beach office.
Levi Thomson, of DRE’s Virginia Beach office handled the following lease negotiations on behalf of the landlord, HRC Retail:
Petco, a pet store aimed at delivering services and products to help navigate pet parenthood. The company has more than 1,300 locations across the United States, Mexico and Puerto Rico. This store will be 12,500 square feet, to include grooming and dog training.
DSW Shoe Warehouse originated in Dublin, Ohio and has grown to more than 400 stores nationwide. The discount shoe retailer will occupy 12,000 square feet and marks DSW’s fifth location in Hampton Roads. DRE’s Mary McGovern and Sezin Cortinas handled the lease negotiations for the tenant.
ULTA is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the U.S. McGovern and Cortinas represented the tenant on this transaction.
Five Below offers merchandise $5 and less for teens and pre-teens. This will be the fifth location for the retailer in Hampton Roads, which has leased 7,500 square feet. DRE’s Mary McGovern handled the lease negotiations on behalf of the tenant.
Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; and metropolitan 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 approximately 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, (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.
