Divaris Facilitates Sale, Leases in SC and NC
- Jan 16, 2018
Divaris Real Estate has signed new tenants, renewed leases and negotiated a sale, in the Charlotte-Raleigh metropolitan areas. The recently-closed transactions total 43,628 square feet in North and South Carolina.
DRE’s Charlotte office brokered the $850,000 sale of a former furniture store located at 7515 Two Notch Road, in Columbia, S.C. The asset boasts good access to major thoroughfares, with frontage on Route 1, while interstates 77 and 20 are within minutes of the property. Multiple restaurants, retailers and apartment communities are situated in the vicinity. Diana Teitsma, senior vice president at DRE, represented the seller, Haverty’s Furniture Co. TSN Realty LLC acquired the property.
Principal Charles Neil and Sales Associate Hutch Farris represented the tenant at 7621 Little Ave. in Charlotte. Leaderboard Branding signed a lease for 2,796 square feet at Quail Plaza, which is situated in the southern part of Charlotte, near Route 51 and Interstate 485.
The Divaris-leased and -managed Providence Plaza, at 2935 Providence Road in Charlotte, landed a new tenant. Hair Fairies signed a lease for 620 square feet in the building, where the list of tenants includes Chipotle, Aqua Tots, The Little Gym and Flywheel Sports. Neil also arranged this transaction, representing the landlord.
Lease renewals were also on DRE’s agenda. Three existing clients signed new contracts at the following locations:
- Mario’s Pizza of Wendover renewed its contract for 2,698 square feet of retail space at 4217-A W. Wendover Ave., in Greensboro, N.C. Neil represented the landlord in the negotiations at the Divaris-leased and -managed property. Other tenants include Bed Bath & Beyond, Golf Galaxy, Five Below, Moe’s Southwest Grill and Cricket Wireless.
- GameStop renewed a lease for 2,100 square feet at South Square, located at 4001 Durham-Chapel Hill Blvd. in Durham, N.C. Neil and Teitsma negotiated the transaction on behalf of the landlord. South Square is managed and leased by DRE and occupied by Target, Ross Dress for Less, Office Depot and Wells Fargo, among others.
- Manpower Group US re-signed a lease for the 1,253-square-foot space at 131 Vinegar Hill Road in Winston-Salem, N.C. at the Divaris-leased and -managed Harper Hill Commons. The landlord was represented by Neil and Farris. Other tenants include Harris Teeter, 9 Round, Score More Sports and Mac N Nelli’s.
Image courtesy of Divaris Real Estate Inc.