{"id":1004281832,"date":"2018-11-27T04:12:40","date_gmt":"2018-11-27T12:12:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004281832"},"modified":"2022-12-08T20:13:11","modified_gmt":"2022-12-09T04:13:11","slug":"divaris-ups-its-retail-leasing-portfolio-in-va","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/divaris-ups-its-retail-leasing-portfolio-in-va\/","title":{"rendered":"Divaris Expands Retail Leasing Portfolio in VA"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"East<\/a>

East Beach Marketplace<\/p><\/div>\n

Divaris Real Estate Inc. has added five retail properties, totaling 303,694 square feet in Hampton Roads, Va., to its leasing and management portfolio.<\/p>\n

\u201cThe properties are located in convenient, well-trafficked corridors<\/em>,\u201d Kris Fuller, Divaris Real Estate\u2019s leasing associate, told Commercial Property Executive<\/em>. \u201cIn general, we will be targeting retailers, fitness, medical office or financial users that will synergistically round out the co-tenancy.\u201d  <\/em><\/p>\n

With the new assets to lease, Divaris Real Estate now has properties totaling more than 37 million square feet in the Mid-Atlantic and Southeastern U.S.<\/p>\n

Divaris Real Estate\u2019s George Fox and Fuller, who specialize in leasing grocery-anchored assets, are handling the leasing of all properties in the portfolio.<\/p>\n

Three of the properties are in Norfolk. Located at 4017-4261 E. Little Creek Road, East Beach Marketplace is a 184,269-square-foot center, anchored by Food Lion and Planet Fitness; Granby Street Shoppes, located at 7401 Granby St., is a 15,110-square-foot medical center anchored by Sentara; and West Little Creek Shoppes, located at 129-143 W. Little Creek Road, is an 8,450-square-foot strip center, anchored by SunTrust Bank.<\/p>\n

The other centers in the portfolio are Armory Plaza, a 71,985-square-foot neighborhood center located at 1311 Armory Dive in Franklin, anchored by Franklin Bowling; and Diamond Springs North, a 23,880-square-foot strip center located at 1948 Diamond Springs Road in Virginia Beach, anchored by Dollar General.<\/p>\n

A steady market<\/strong><\/h2>\n

According to the Colliers Hampton Roads Retail Snapshot for the third quarter of 2018, there\u2019s been more than 270,000 square feet of leasing in the area over the past 12 months, and supply has been steady all year long.<\/p>\n

Additionally, the increase in popularity of net leased retail properties that don\u2019t rely on soft goods retailers impacted by e-commerce has brought investors to Hampton Roads, evident by a consistent sales volume of more than $200 million annually and pricing that is higher than in other major metros. <\/p>\n

In August, Gumenick Properties hired Divaris Real Estate<\/a> to lease the retail component of its Libbie Mill-Midtown mixed-use development in Richmond, Va. Earlier in the year, Divaris Real Estate’s Charlotte office negotiated six transactions, including the $800,000 sale<\/a> of a former furniture store in Columbia, S.C.<\/p>\n

Image courtesy of Divaris Real Estate<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The management company added five shopping centers totaling more than 300,000 square feet to its collection of properties in Hampton Roads.<\/p>\n","protected":false},"author":451,"featured_media":1004281865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,11,21742,21749,36153],"tags":[32763,32768,35660,38655,34336],"class_list":["post-1004281832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-midatlantic","category-latest","category-retail","category-richmond-hampton-roads","tag-colliers-international","tag-divaris-real-estate-inc","tag-dollar-general","tag-food-lion","tag-suntrust-bank"],"acf":[],"yoast_head":"\nDivaris Expands Retail Leasing Portfolio in VA - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/divaris-ups-its-retail-leasing-portfolio-in-va\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Divaris Expands Retail Leasing Portfolio in VA\" \/>\n<meta property=\"og:description\" content=\"The management company added five shopping centers totaling more than 300,000 square feet to its collection of properties in Hampton Roads.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/divaris-ups-its-retail-leasing-portfolio-in-va\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-27T12:12:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:13:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/East-Beach-Marketplace.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/divaris-ups-its-retail-leasing-portfolio-in-va\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/divaris-ups-its-retail-leasing-portfolio-in-va\/\",\"name\":\"Divaris Expands Retail Leasing Portfolio in VA - 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