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Divaris completes four leases for over 25,000 s/f of office space


RICHMOND, VA Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the signing of four leases totaling over 25,000 s/f of office or flex space in Richmond. All leases were handled out of DRE’s Richmond office.

SignScapes, Inc., leased 12,000 s/f of office/warehouse space at 7519 Ranco Rd. With this lease, the company moves into larger office and production space within the same complex. DRE’s Brett McNamee represented the tenant in the negotiations with the landlord, Bertozzi Family Limited Partnership.

Richmond Radiant Health leased 6,494 s/f of office space in Huguenot Trade Center, located at 1105 Alverser Dr. This lease represents a relocation and expansion for Richmond Radiant Health. McNamee represented the tenant in the negotiations with the landlord, CH&B Associates, LLP.

Boxwood Capital Partners, LLC leased 4,550 s/f of office space in Shockoe Centre at 11 South 12th St. Boxwood Capital Partners is a Richmond, Virginia-based private equity firm focused on investing in and acquiring profitable lower-middle-market companies with attractive growth prospects in a variety of industries, such as e-commerce, manufacturing, franchising, business services, distribution, and consumer products and services. McNamee handled the lease negotiations on behalf of the landlord, James K. Coyne, LLC.

Wilmer Hernandez leased 2,355 s/f of industrial space in the Divaris-leased and -managed South Belt Flex complex at 133 East Belt Blvd. The space will be used for online retail sales of cars. John Madures of the Richmond office of Divaris Real Estate represented the landlord, South Belt Flex, LLC in the lease negotiations.

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