4A — February 24 - March 9, 2017 — Shopping Centers — M id A tlantic

Real Estate Journal


S hopping C enters Sam McCoy, Brett McNamee and Ali Newton to handle Roanoke and Salem properties Divaris adds two new assignments with 249,000 s/f to portfolio S alem, VA — Ger- ald Divaris , chairman and CEO of Divaris

mee and Ali Newton . The new properties in the company’s portfolio consist of: Cross Roads Shopping Cen- ter, a 150,000 s/f shopping center located on Hershberger Rd. Northwest in Roanoke, in a major shopping corridor adjacent to Towne Square and near Valley View Mall. The corporate headquarters of Advance Auto Parts are located on the site. Other ten- ants in the property include ALDI, TOP Nails, Subway and National Optical. There is 3,625 s/f of small shop space, flexible junior anchor and an-

chor space available for lease. Kmart SalemShopping Cen- ter is a 99,000 s/f shopping center that is available for sale. It is located at 1355 West Main St. in Salem on a major shopping corridor of the Salem market in the Roanoke Metro- politan Area. Tenants in the property include Kmart, UPS, Nail Tips, and Sally Beau- ty. Nearby retailers include: Lowe’s, Kroger and Walmart. This is a redevelopment op- portunity with the impending closure of the 88,000 s/f Kmart (anticipated in April 2017). There is also 2,500 s/f of small

shop space that is vacant. VIRGINIA BEACH, VA — Gerald Divaris announced the signing of five leases totaling 9,960 s/f of new and renewed retail space on the Southside of Hampton Rds., Virginia. negotiations were handled through the Virginia Beach, office of DRE. Ashley Stewart renewed its lease for 4,000 s/f of retail space in the Divaris-leased Victory Crossing Shopping Center located at 4000 Vic- tory Blvd. in Portsmouth. Ashley Stewart is a global fashion brand that stands for

The firm is working on a major renovation to the 172,453 s/f building, located less than two blocks from the McPherson Square Metro station. 11111 Sunset Hills Rd., a class A office building in Res- ton, VA. The 216,000 s/f build- ing is located near the Dulles Toll Rd. and the Wiehle-Reston East Metro station. The Hyatt Regency Bethes- da, a 390-room upscale hotel located at 7400 Wisconsin Ave. The firm is repositioning the well-known hotel. 1901 L St., an 8-story 132,000 s/f building at the corner of 19th and L Sts. in Washington, DC. Meridian is planning a ma- jor renovation to the building, including adding three floors. Meridian’s Fund I is develop- ing one of the largest projects in the DC area: The Boro, a 3.5-million s/f development located within steps of the Greensboro Metro station on the new Silver line. In September, Meridian broke ground on The Boro’s Phase One, an $850 million project that will feature 1.7 million s/f of space. When complete, The Boro will consist of more than 1,500 residential units, 1.3 million s/f of office space, 400,000 s/f of retail space, and a new hotel. Another Fund I investment includes 800 K and 801 Eye St., two adjoined office buildings formerly called Techworld and now known as Anthem Row. The firm is planning a major $160 million renovation of the office complex in Washington’s East End. n continued from FC-A The Meridian Group closes its second fund . . . uncompromising style, fash- ion, fit and empowerment for the woman who flaunts her curves. George Fox of Divaris Real Estate represented the landlord, Portsmouth Associ- ates, LLC, in the lease nego- tiations. Victory Crossing is anchored by Farm Fresh and Lowe’s Home Improvement. Mainly Gray leased 1,760 s/f of retail space in the Divaris- leased Boulevard Shops lo- cated at 920 South Battlefield Blvd. in Chesapeake. DRE’s Eric Hammond represented the landlord, Battlefield Bou- levard, LLC, in the lease ne- gotiations. n

Real Estate, Inc. (DRE) , ann o un c e d the addition of two prop- erties to its s a l e s a n d leasing port- f o l i o . T h e total space

includes 249,000 s/f of retail space located in Roanoke and Salem. Both properties will be handled by the Divaris team of Sam McCoy, Brett McNa- Gerald Divaris

Remco Realty Group 370 Campus Drive, Suite 128 Somerset, NJ 08873 T: 732-253-0888



4,860 SF Hamilton, NJ

Built in 2001, this 4,860 SF, free standing commercial building is located immediately off Exit # 63 of I-295 and features 1 drive-in door, two private offices, showroom, full kitchen and 25 car parking. The property is ADA compliant and located just 2.5 miles from the Robert Wood Johnson Hospital. Ideal Uses Include: Radiology, OBGYN, Mental Health & Dermatology Center, Phys- ical Therapy, Vision, Medical, or Dental Practices, Physical Fitness, Veterinarian, Real Estate, Urgent Care, Engineering, and Architectural Firms, Child or Adult Care Centers, Retail Uses, Restaurants, Pest Control, Sign & Plate Glass Companies, Convenience Store, Liquor Store, Home Improvements, Flooring & Tile, Kitchen & Bath, Printing. Marketing, Bakery, Funeral Home, etc.

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