Divaris Real Estate Completes Two Land Leases in Hampton Roads
Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced two land leases totaling 3.6 acres in the Hampton Roads region of Virginia. Negotiations were handled through the Virginia Beach office of DRE.
US Fitness Holdings signed a lease for 2.5 acres of land at Marketplace at Tech Center, a sprawling $250 million development comprising retail, residential and commercial space, and a technology and research center on 100 acres of land in Newport News, Virginia. The land will be used for a new fitness concept from the owners of OneLife Fitness and Crunch. The lease was handled on behalf of the landlord, Marketplace at Tech Center, LLC, by Erica Rorrer and Mary McGovern of DRE.
Taco Bell has signed a lease for 1.1 acres of land at Red Mill Commons, a dynamic shopping center in Virginia Beach, Virginia featuring a unique mix of 80 fine specialty stores, boutiques, restaurants and big name retailers. Taco Bell is a Tex-Mex themed fast food chain with 6,500 restaurants that serve over 2 billion customers each year. The lease was handled on behalf of the tenant by Levi Thomson of DRE.
About Divaris Real Estate
Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; and 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 in excess of 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, (http://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.