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Furniture Mart Leaves Lynnhaven, Takes 40 KSF at Regency Hilltop

By Adrian Maties, Associate Editor

Furniture Mart has leased 40,000 square feet of retail space at the Regency Hilltop Shopping Center in Virginia Beach. The discount retailer was previously located at a 57,000-square-foot space at Lynnhaven Mall in Virginia Beach.

Located at 1932 Laskin Rd., the 236,549-square-foot center (pictured) is home to such tenants as Food Lion, Kelly’s Tavern, Dollar Tree, Navy Federal Credit Union and Ollie’s Bargain Outlet. Rents range from $10 to $15 per square foot. Michael Gurley, senior vice president at S.L. Nusbaum Realty Co., represented the landlord.

In other retail news, Phoenix-based Cole Real Estate Investments has named The Shopping Center Group the exclusive leasing advisor for The Shops at White Oak Village. Cole acquired four-year-old property for $68 million from Forest City Enterprises Inc., in October.

Located at Interstate 64 and South Laburnum Avenue in eastern Henrico County, the Shops at White Oak Village is 96 percent leased and is anchored by JCPenney, Martin’s grocery, PetSmart, Michael’s and OfficeMax.

Photo: http://www.slnusbaum.com/