S. L. Nusbaum Realty Co. reports $12.3 million in sales and lease transactions

Published February 8, 2016 by Paula C. Squires

S. L. Nusbaum Realty Co. in Norfolk says agents in Richmond and Norfolk recently completed $12.3 million in sales and lease transactions, which included 198,388 square feet of space and 19.1 acres of land.

The largest lease deal was for American Freight of Virginia. It leased 35,364 square feet of warehouse space at 4498 Electric Rd. in Roanoke. Nusbaum’s Nathan Shor represented the landlord.

In other transactions:

The d’Art Center leased 10,992 square feet of office space at 740 Duke St. in Norfolk. Michael Myers represented the landlord.

Stage Right Lighting leased 9,100 square feet of office/warehouse space at 513 Viking Drive in Virginia Beach. John M. Profilet represented the landlord.

Dollar Tree Stores exercised its option to lease 24,490 square feet of retail space at Warwick Village Shopping Center in Newport News. Tyler Jacobson represented the landlord.

Under sales transactions, Hamptons at Noble LP purchased 10.9 acres of land located at Lot 3 on Noble Way in Fredericksburg, from Noble Auto Park LLC for $3.8 million. Bill Overman and John Wessling represented the buyer.

KSMA Suffolk Properties LLC purchased Towne Square, a 40,995-square-foot shopping center on 6.7 acres located at 557-571 E. Constance Rd. in Suffolk from ZWay III LLC for $1.2 million.  Mike Zarpas represented the seller, and Bill Overman, John Wessling, Chris Devine and Chris Zarpas represented the buyer.