S hopping C enters
Real Estate Journal — Shopping Centers — 5A
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M id A tlantic
Entry into Hampton Roads area includes: 122,386 s/f Cushman & Wakefield Thalhimer represents Conn’s
Divaris RE announces June retail transactions totaling 57,407 s/f
Conn’s HomePlus Spring Rock Green rendering
IRGINIA BEACH, VA — Cushman & Wakefield | Thal- himer represented Conn’s HomePlus in their site selec- tion and lease negotiations for several new retail locations in the Hampton Roads and Rich- mond markets. Newly leased locations which represent Conn’s entry into the V HI-LIGHTS JULY 27 - AUGUST 9, 2018
Oxbridge Square Shopping Center
Hampton Roads area include: 40,500 s/f in Riverpointe Shop- ping Center at 1044 W. Mer- cury Blvd. in Hampton; 37,500 s/f in Princess Anne Plaza at Virginia Beach Blvd. & N. Plaza Trail in Virginia Beach; and, 44,386 s/f in Alexander’s Corner at 2558 Airline Blvd., in Portsmouth. Conn’s is also under con-
struction with their second location in Richmond at Spring Rock Green on Midlothian Tpke. in Chesterfield County. These locations should open late 2018 to early 2019. Connie Jordan Nielsen of Cushman &Wakefield | Thal- himer has represented Conn’s Home Plus in their Virginia site selection.
while Ali McCrickard and Brett McNamee represented the tenant. • Boost Mobile leased 1,800 s/f of retail space in the Ocean View Shopping Center at 167 West Ocean View in Norfolk. Eric Hammond and Dean Foster represented the tenant. • Kapers Catering and Eat- ery leased 1,510 s/f of retail space in Berkshire Shoppes at 1296 South Battlefield Blvd. in Chesapeake. Kayla Olson represented the landlord. • Great Clips leased 1,258 s/f of retail space in Haygood Shopping Center at 1085 In- dependence Blvd. in Virginia Beach. Fox and Kris Fuller represented the landlord. • Cheers Cut leased 1,200 s/f of retail space in the Fair- field Shopping Center at 5242 Fairfield Shopping Center in Virginia Beach. Fox and Fuller represented the landlord. • Duck Donuts leased 1,200 s/f of retail space in Hampton Rd.s Crossing at 1013 Univer- sity Blvd. in Suffolk. Thomson represented the landlord. • Next Barber Shop leased 1,000 s/f of retail space in the Crossways Shopping Center at 1412 Greenbrier Parkway in Chesapeake. DavidRedmond represented the landlord. • Mattress Firm renewed its lease for 3,982 s/f of retail space in Crossways Shopping Center at 1412 Greenbrier Parkway in Chesapeake. Redmond repre- sented the landlord. • Brain Balance renewed its lease for 2,856 s/f of retail space in Fairfield Shopping Center at 5286 Fairfield Shop- ping Center in Virginia Beach. Fox and Fuller represented the landlord. • Cold Stone Creamery re- newed its lease for 1,336 s/f of retail space in the Town Center of Virginia Beach at 228 Central Park Avenue. Erica Rorrer, Sezin Cortinas and Gerald Divaris represented the landlord.
VIRGINIA BEACH, VA — Divaris Real Estate, Inc. (DRE) announced the comple- tion of retail transactions total- ing 57,407 s/f of sold, leased and renewed property in the Hampton Roads, Richmond, Charlotte, and Washington, DC markets in June 2018. Off The Hook Seafood pur- chased 5,622 s/f of retail space on 1.53 acres of land at 136 North Battlefield Blvd. in Chesapeake from R Boyd Melchor for $1.675 million. George Fox represented the buyer. • Victory Lane Auto Sales and Accessories leased 15,000 s/f of retail space in Oxbridge Square Shopping Center at 10011 Hull Street Rd. in Rich- mond. Cheryle Toy, Sara Goodall and Read Goode represented the landlord. • Advance Auto Parts leased 6,438 s/f of retail space in Lightfoot Marketplace at 6493 Centerville Rd. in Williams- burg. George Fox, Harrison Hall and Peter Vick repre- sented the landlord. • Our Town Treasures and Auctions leased 6,400 s/f of re- tail space in Oxbridge Square Shopping Center at 9941 Hull Street Rd. in Richmond. Toy and Goodall represented the landlord. • Aspen Dental Management leased 3,600 s/f of retail space in Hampton Rd.s Crossing at 1017 University Blvd. in Suf- folk. Levi Thomson repre- sented the landlord. • Caribou Coffee & Einstein Bagels leased 2,168 s/f of retail space in One Columbus Center at 283 Constitution Dr. in the Town Center of Virginia Beach. Sezin Cortinas , Erica Ror- rer and GeraldDivaris repre- sented the landlord. Thomson represented the tenant. • Pure Barre leased 2,037 s/f of retail space in GreenGate at 201 Matlby Blvd. in Henrico. Peter Vick and Harrison Hall represented the landlord
Calkain’s Fallon & Murphy ink sale of retail Strip Center in Northern VA
SPOTLIGHT RETAIL BROKERAGE DIRECTORY
12-13A
Shoppes at Belmont is reaching capacity
8C
416 Sycolin Rd. SE in Leesburg, VA
Fallon said, “Investors are showing more interest in Am- azon-proof neighborhood re-
L E E S BURG , V A — Calkain’s executive managing director, Andrew Fallon and
Upcoming Spotlights ICSC IDEA EXCHANGE 40 UNDER 40 1031 EXCHANGE
tail strip cen- ters because t h e y a r e convenience- focused, well- located build- ings that are highly adapt- ab l e . They are typically
managing di- rector, Rich- ardMurphy have recently c omp l e t e d the sale of the mu l t i - tenant strip c e n t e r l o - cated at 400
CENTRAL NJ CENTRAL PA APPRAISAL
Andrew Fallon Richard Murphy
acquired at higher cap rates due to the perception of addi- tional management.” Murphy stated, “The high intrinsic value of the neighborhood loca- tion produced extremely strong interest in the property and in turn provided for multiple offers.”
– 416 Sycolin Rd. SE in Lees- burg. The busy neighborhood retail center is anchored by a 9,300 s/f Kiddie Academy and co-located with a neighborhood Walgreens. A local, high net- worth, repeat buyer purchased the retail center for $6,100,000 at $440.00 psf.
www.marejournal.com Contact Kimberly Brunet For more info: P: 781-740-2900 kbrunet@marejournal.com
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