Nusbaum lists transactions

Published 9:35 pm Thursday, February 11, 2016

S.L. Nusbaum Realty Co. has announced transactions totaling approximately $12.3 million in sales and lease volume on 198,388 square feet and 19.13 acres of land for its Norfolk and Richmond offices.

Sale transactions in the Suffolk vicinity include the following:

  • KSMA Suffolk Properties, LLC has purchased Towne Square, a 40,995 square foot shopping center on 6.74 acres located at 557-571 E. Constance Road, from ZWay III, LLC for $1,200,000. Mike Zarpas represented the seller and Bill Overman, CCIM, John Wessling, CCIM, Chris Devine and Chris Zarpas represented the buyer.

Lease renewals, extensions and expansion in the Suffolk vicinity include:

  • Hershey Creamery Co. has renewed its lease on 3,430 square feet of industrial space at 1926 Wilroy Road, Suite A. Michael Myers represented the tenant.
  • Suffolk BBQ has extended its lease on 1,100 square feet of retail space at Suffolk Village Shopping Center. Christopher Hucke represented the landlord.
  • Jackson Hewitt has extended its lease on 1,080 square feet of retail space at Suffolk Plaza Shopping Center. Christopher Hucke represented the landlord.

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