16A — August 23 - September 12, 2019 — ICSC PA/NJ/DE Conference & Deal Making — Shopping Centers — M id A tlantic
Real Estate Journal
www.marej.com
New owners investing millions in improvements Colliers International repositions Lynnhaven North, Virginia Beach, VA with 17 new tenants V • Cheese and Wine Tavern: 4,540 s/f • Kitique: 4,700 s/f ICSC PA/NJ/DE C onference & D eal M aking
space. “This is the fourth shop- ping center that we’ve been assigned by Mishorim,” said Tyler Brooks, senior associate with Colliers International. “They are seriously invest- ing in the Hampton Roads market, and we’ve proven our ability to attract new tenants and add value to these com- mercial properties.” New tenants include: • Surge: 41,262 s/f • SK8 House: 27,000 s/f • Tao Foot Spa: 2,000 s/f • Jazzercise Lynnhaven Fit- ness Center: 2,000 s/f
IRGINIA BEACH, VA — Colliers In- ternational’s Norfolk office is working with owners Mishorim Gold VAB LP to reposition Lynnhaven North Shopping Center in Virginia Beach after the company purchased it in January. In less than six months, the leasing team has brought 17 new tenants to the shopping center including two major entertainment anchors that will offer plenty of fun from trampolines to skating. Mishorim Gold VAB LP,
• Barbell Syndicate: 3,500 s/f • 7 City Café &Grill: 1,000 s/f • Stallia Inc.: 3,000 s/f • 7 Cities Vape: 2,500 s/f • 757 Dance: 3,000 s/f • Shirtquarters: 1,200 s/f • Palace of Beauty: 1,200 s/f • Living Water Music & Arts: 1,000 s/f • Luxury Nail &Spa: 2,897 s/f • The Collective Tattoo and Body Piercing: 5,000 s/f • Dawn Pilates: 1,000 s/f Drew Brees, quarterback for New Orleans Saints, is co-owner of Surge Adventure Park that will open its 14th location at Lynnhaven North. The 41,262 s/f space will be completely transformed into an indoor trampoline and adventure park with zipline courses, climbing walls, ob- stacle courses and foam pits. In addition to family friendly entertainment, Surge will be available for special events, birthday parties and will offer a lounge for parents. Surge Adventure Park is new to southside Hampton Roads. Other locations are in Alabama, Louisiana, North Carolina, South Carolina, Florida, Oklahoma and New- port News. SK8 House VB is building two roller rinks in the 27,000 s/f space. The larger 10,000 s/f rink is being designed for free skating, and a smaller rink will be used for training and children. Other entertain- ment offerings will include a modern arcade, e-game cen- ter, jungle gym and special event/party rooms. Food concepts will include a traditional snack bar, Jelly Ball and Chicken Spot. “We’ve already had tremendous in- terest from roller derby and roller hockey enthusiasts,” said Amante Canonizado, fi- nance director for SK8 House. “We want to bring a fresh modern twist to roller skat- ing and will include seating for viewing and socializing.” Lynnhaven North Shop- ping Center is surrounded by dense residential subdi- visions, professional office parks, industrial parks, Na- val Air Station Oceana and easy access to I-264. The Lynnhaven retail sub- market contains 1,800,000 s/f of retail space and is anchored by General Growth’s 1.3 mil- lion s/f Lynnhaven Mall.
Surge Adventure Park
based in Orlando, is making a multi-million investment to improve the façade and park-
ing areas. The center was built in 1985 and comprises 173,191 s/f of prime retail
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