Divaris Real Estate Brokers Office Sale, Immediately Backfills Vacant Space

VIRGINIA BEACH, VIRGINIA: Divaris Real Estate, Inc. (DRE) announces it has brokered the sale of 1439 North Great Neck Road, a two-story, 11,450-square-foot office building located in Virginia Beach, for $1,575,000.  Vivian Turok and Jason Oliver, CCIM represented the seller, SLM Investments, LLC; Alex Divaris, CCIM represented the buyer, 1439 Associates, LLC.  Divaris identified the buyer within the first week of marketing the property.

The buyer’s firm, EDC Homes, will occupy the second floor of the building.  EDC is one of the fastest growing home builders in the Hampton Roads area, offering top-quality homes at affordable prices in Virginia Beach, Chesapeake, Norfolk and Portsmouth.


Soon after closing, DRE completed 6,104-square-foot lease with Axis Global Enterprises, Inc. to occupy the remainder of the building.  Turok and Oliver represented the landlord and George Fox, also with DRE, represented the tenant.  Axis Global provides superior construction and security technology solutions to a variety of clients.


“The ability of our Investment Sales Group to work together seamlessly with our Leasing Group enabled us to quickly realize the goals of both the buyer and the seller.  This asset, which was sold with the existing tenant vacating at year end, is now fully stabilized with zero downtime,” said Jason Oliver, vice president of DRE’s Investment Sales Group.


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; Beverly Hills, CA; 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 over 32 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.