Divaris Real Estate gains five new properties for leasing and management

Published July 24, 2017 by Paula C. Squires

Divaris Real Estate Inc. (DRE) has announced a significant addition to its leasing and management portfolio in Virginia. The Virginia Beach-based company has picked up 1.29 million square feet of space from five retail properties located in Northern Virginia, the greater Richmond area and Roanoke.

“This is a significant addition to our portfolio, increasing our total leased and managed properties from over 30 to nearly 32 million square feet of leased and/or managed assets,” Gerald Divaris, the company’s chairman,  said in a statement.  “Divaris Real Estate is experiencing a period of rapid growth and expansion that is very positive and exciting.”

The largest of the properties is the 370,000-square-foot Village at Towne Center in Fredericksburg.  The development’s anchor tenants include Arhaus, Sephora, White House | Black Market and Chicos.

The other properties recently assigned to Divaris include: The Edge in Midlothian, 350,000 square feet, a 100-acre, mixed-use development; Parkridge Center, 312,277 square feet; Manassas; GreenGate, 110,000 square feet, a 70-acre, mixed-use project in the Short Pump area of Henrico County; and Crossroads Shopping Center, a 152,000-square-foot center in Roanoke that includes an Aldi and is part of a redevelopment opportunity at a former Kmart site.

DRE has offices in Newport News, Norfolk, Richmond, Roanoke, Charlotte, N.C.; Washington, D.C.; and Beverly Hills, Calif.   Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that oversees office, retail and industrial space from New Jersey to Florida.