S hopping C enters
Real Estate Journal — Shopping Centers — December 23 - January 12, 2017 — 5A
M id A tlantic
IRGINIA BEACH, VA — Gerald Di- varis , chairman and Virginia Beach office of DRE leases 22,520 s/f of retail space in Hampton Roads Gerald Divaris negotiates 92,000 s/f sale on be- half of Armada Hoffler Properties & Capitol Ind. V
lease negotiations. Hair District Salon & Spa leased 1,250 s/f of retail space in the Divaris-leased Lark- spur Square located at 4720 Princess Anne Rd. in Virginia Beach. Hammond represented the landlord, Aegean Associ- ates , in the lease negotiations. CHARLOTTE,NC — Ger- ald Divaris announced the signing of three leases for a to- tal of new and renewed space in North Carolina and South Carolina. Lease negotiations were handled by agents of the Charlotte office of Divaris Real Estate. Safari Nation leased 16,294 s/f of retail space in South Park Shopping Center located at 3191 Peters Creek Pkwy. in Winston-Salem. DRE’s Jes- sica Peadon represented the tenant in the lease negotia- tions with the landlord, South Park Shopping Center, LLC. n Socastee Spirits, a liquor Pelham Bay Park, the larg- est park in New York City, is adjacent to property with two golf courses, a public beach and miles of trails winding throughout the park. Three hospitals are located within 1.25 miles of the property making it an in-demand loca- tion for medical tenants as well as retail clients. The location presents a su- perior opportunity for retail and residential expansion. The potential conversion of medical suites to retail spaces along the 418 feet of frontage on Westchester Ave. could po- sition the location as the finest retail location in the area. On a larger scale, the potential also exists to construct a mixed- use, transit oriented retail and residential property on this lot. Jeffrey Dunne, David P. Gavin and Travis Langer of CBRE Capital Markets represented Hampshire in the transaction. n
leased Crossways Shopping Center located at 1412 Green- brier Pkwy. in Chesapeake. Dave Redmond of Divaris Real Estate represented the landlord, JLP-Chesapeake, LLC, in the lease negotia- tions. Trainers on Call VA leased 4,680 s/f of retail space in the Divaris-leased Village Commons located at 620 Vil- lage Dr. in Virginia Beach. DRE’s George Fox handled the lease negotiations for the tenant while Eric Hammond of Divaris represented the landlord, Village Dr. Com- mons, LLC. The Cato Corp. renewed its lease for 4,640 s/f of retail space in the Divaris-leased Salem Crossing SC located at 2029 Lynnhaven Pkwy. in Virginia Beach. DRE’s Levi Thomson represented the landlord, Elias Properties Salem Crossing, LLC, in the feet of frontage on Bruckner Blvd. and 418 on Westchester Ave. along with 92 parking spaces. “The Bronx is third most densely populated county in the United States and the sur- rounding areas are also seeing continuous growth in recent years. PelhamBay Profession- al Center sits in the middle of a strong real estate market with excellent demographics and amenities. The property is poised for expanded mixed-use development and redevelop- ment,” said Derek Gardella , portfolio manager for The Hampshire Companies. The buildings’ visibility from Interstate 95, offers high traf- fic flow with over 130,000 cars passing by the property daily. It’s also highly accessible via public transportation with three bus stops nearby offering direct service to Manhattan and Co-Op City and the first and last stop of the number 6 subway line across the street.
CEO of Di- varis Real Estate, Inc. , announced the sale of the Colum- bus Village II shopping center, lo- cated in the
southeast corner of Virginia Beach Blvd. and Constitution Dr. The twelve-acre site com- prises three existing retail buildings that total 92,000 s/f, accommodating Bed Bath and Beyond, Regal Columbus Movies 12, and Schlotzsky’s. The sale was negotiated by Gerald Divaris on behalf of both the buyer, Armada Hoffler Properties, and the seller, Capitol Industries . The property was acquired for two million shares of com- QUINCY, MA — The Hampshire Companies announced the acquisition of a 84,360 s/f BJ’s Wholesale Club at 200 Crown Colony Dr. in Quincy from Clarion Partners . “Our decision to acquire the Quincy BJ’s property is consistent with our strategy of acquiring high-perform- ing stable, assets in grow- ing markets,” said Robert Schmitt , a fund manager for The Hampshire Companies. “Its proximity to Boston and the surrounding areas, as well as the long-term viability of the current tenant and excit- ing possible future uses as a mixed-use residential develop- ment, provide Hampshire with a well-positioned holding that will ensure long-term cash flows.” Chris Angelone , Nat Heald and Bill Moylan of JLL represented the seller in the transaction. BRONX, NY — The Hamp-
Regal Columbus Movies 12
mon stock of Armada Hoffler Properties. “The acquisition of this property completes the as- semblage of the site bounded by Virginia Beach Blvd., Con- stitution Dr., Beasley Dr. and the former Norfolk Southern railway,” according to Gerald Divaris. Virginia Beach office of DRE completed the following
transactions: Boho 5 leased 6,600 s/f in the Divaris leased and man- aged Academy Crossing lo- cated at 3228 Academy Ave. in Portsmouth. DRE’s David Bickford represented the landlord, Midlantic Builders VA, in the lease negotiations. Kyoto Japanese Steak re- newed its lease for 5,350 s/f of retail space in the Divaris-
Also sells mixed-use property in Bronx’s Pelham Bay neighborhood The Hampshire Companies acquires 84,360 s/f BJ’s Wholesale anchored shopping center in Quincy, MA
200 Crown Colony Dr.
shire Companies announced the sale of the 76,529 s/f Pel- ham Bay Professional Center in Bronx to Rester USA, LP. The multi-tenant mixed use retail and medical office prop- erty is currently anchored by CVS Pharmacy as well as other national tenants includ- ing Dunkin Donuts/ Baskin
Robbins and Subway. The sale also provides Rester USA, LP with additional retail and potential residential devel- opment opportunities along Bruckner Blvd. The two-story property is situated on 1.77 acres at the corner of Bruckner Blvd. and Westchester Ave. boasting 300
Made with FlippingBook Online newsletter