Mercer Street Partners Selects Divaris to Manage Corporate Center V

VIRGINIA BEACH, VIRGINIA: Michael B. Divaris, president and chief operating officer of Divaris Real Estate, Inc. (DRE), announced that the company has been hired by New York-based private investment firm, Mercer Street Partners to be the property manager for Corporate Center V.  Mercer Street Partners recently-acquired the 71,000-square-foot office building located at 4425 Corporation Lane in Virginia Beach.   The property serves as the corporate headquarters for Amerigroup Corp, a wholly owned subsidiary of Anthem Inc.  The four-story building is currently fully occupied.

Corporate Center V is in Virginia Beach’s Central Business District at Pembroke, situated a block from Pembroke Mall and across Virginia Beach Boulevard from The Town Center of Virginia Beach, which is also leased by Divaris Real Estate and managed by Divaris Property Management Corp.

Tazewell Rinehart, senior property manager of Divaris Property Management Corp, will be the property manager in charge of the building.  She has worked at Divaris for over ten years and brings a total of 25 years of experience in commercial property management to the assignment.

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 36.7 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, ( 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, ( 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.