{"id":1004696559,"date":"2024-01-04T07:33:42","date_gmt":"2024-01-04T15:33:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004696559"},"modified":"2024-01-07T23:50:53","modified_gmt":"2024-01-08T07:50:53","slug":"armada-hoffler-secures-new-tenant-at-its-virginia-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/armada-hoffler-secures-new-tenant-at-its-virginia-hq\/","title":{"rendered":"Armada Hoffler Secures New Tenant at Its Virginia HQ"},"content":{"rendered":"\n<p><strong>Armada Hoffler Properties<\/strong> has signed a new office lease at Armada Hoffler Tower, the 362,500-square-foot Class A office building in Virginia Beach, Va., that also serves as its corporate headquarters. <strong>KPMG<\/strong> <strong>LLP<\/strong>, a U.S. audit, tax and advisory firm, committed to 13,044 square feet, bringing the property\u2019s occupancy rate to 98 percent. <strong>Divaris Real Estate<\/strong> represented the landlord, while <strong>Cushman &amp; Wakefield<\/strong> <strong>| Thalhimer <\/strong>negotiated on behalf of the tenant.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a348fa105946&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004696561\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/armada-hoffler-secures-new-tenant-at-its-virginia-hq\/armada-hoffler-tower\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/armada-hoffler-tower-e1704373046588.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"armada-hoffler-tower\" data-image-description=\"&lt;p&gt;Armada Hoffler Tower. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Armada Hoffler Tower. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/armada-hoffler-tower-e1704373046588.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/armada-hoffler-tower.jpg?w=240\" alt=\"\" class=\"wp-image-1004696561\" style=\"width:400px\"\/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Armada Hoffler Tower is within Town Center of Virginia Beach, a mixed-use property. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The company\u2019s new location will accommodate more than 160 employees, said KPMG Managing Partner Jason Kies in prepared remarks. Other tenants at the property include AW Financial Partners, AECOM Services Inc., Cushman &amp; Wakefield and Morgan Stanley, among others, according to CommercialEdge.<\/p>\n\n\n\n<p>Completed in 2002 at 222 Central Park Ave., Armada Hoffler Tower is a 23-story office building that includes 38,500 square feet of ground-level retail space, an on-site conference room, a fitness center and 1,284 parking spots spread across a nine-story structure, the same source shows.<\/p>\n\n\n\n<p>Armada Hoffler Tower rises on approximately 2 acres within Town Center of Virginia Beach, a mixed-use property that comprises 620,000 square feet of retail space, 760 apartment units and a total of 800,000 square feet of office space. Located close to multiple bus stops, the high-rise is 8 miles from Norfolk International Airport, 9 miles from Vibe Creative District and within 10 miles of downtown Norfolk, Va. <\/p>\n\n\n\n<p>Divaris Real Estate\u2019s team of Senior Vice President Vivian Turok, President Michael Divaris and Executive Vice President Krista Costa negotiated on behalf of Armada Hoffler.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-office-leasing-in-hampton-roads\">Office leasing in Hampton Roads<\/h2>\n\n\n\n<p>The Hampton Roads office market has seen a 8.3 percent vacancy rate in the third quarter of 2023, according to a Cushman &amp; Wakefield report. The index was down 10 basis points from the previous quarter.<\/p>\n\n\n\n<p>Significant leases in the metro include Venture X&#8217;s<strong>&nbsp;<\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/venture-x-to-open-virginia-coworking-space\/\">18,543-square-foot agreement<\/a> with&nbsp;HMP Properties&nbsp;to open a&nbsp;coworking space in Chesapeake, Va.&nbsp;Cushman &amp; Wakefield | Thalhimer&nbsp;brokered the deal on behalf of the tenant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With this new deal, the property&#8217;s occupancy rose to 98 percent.<\/p>\n","protected":false},"author":2991,"featured_media":1004696561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,11,21742,21747],"tags":[33079,33762,32768],"class_list":["post-1004696559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-midatlantic","category-latest","category-office","tag-armada-hoffler-properties","tag-cushman-and-wakefield-thalhimer","tag-divaris-real-estate-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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