REAL ESTATE

Divaris names head of Washington, D.C., office

BY Staff Writer

Rockville, Md. — Divaris Real Estate, Virginia Beach, Va., said that Joseph Farina has been named manager of the firm’s Washington, D.C., regional office located in Rockville, Md.

Farina will focus on commercial sales and leasing services to support the expansion of DRE’s portfolio of leased and managed properties in the greater D.C., metropolitan area.

Besides owning and operating his own commercial real estate firm Farina Real Estate Services, Farina has worked as a broker with the National Retail Group of Marcus & Millichap Real Estate Investment Services.

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REAL ESTATE

Streets of Woodfield names property manager

BY Staff Writer

Dallas — Cypress Equities said it has hired Steven Hrbek as property manager for The Streets of Woodfield, located in Schaumburg, Ill.

Hrbek will be responsible for onsite management and operation of the open-air, core retail center featuring more than 700,000 sq. ft. of retail space. He was previously senior real estate manager for CB Richard Ellis in Downers Grove, Ill.

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REAL ESTATE

Divaris to lease, manage Marquis in Williamsburg, Va.

BY Staff Writer

Williamsburg, Va. — Divaris Real Estate announced it has been appointed the exclusive leasing and management firm for The Marquis, located in Williamsburg, Va.

The Marquis is a 750,000-sq.-ft., regional power center. At its completion, The Marquis will be the largest retail development in Williamsburg, featuring specialty retailers and restaurants and several big-box retailers including Target, Kohl’s, Dick’s Sporting Goods, Best Buy and J.C. Penney.

All five major anchor tenants are committed to staying in Williamsburg, having signed on with The Marquis during its pre-development stage. “The tenants are pleased with the performance of their stores and happy with the co-tenants that exist in The Marquis,” said Shawn Todd, CEO of Todd Interests, the development company that recently purchased the property. To that extent Dick’s and Best Buy have extended their leases since ownership changed in late 2011.

Phase I of The Marquis is now open and Phase II is expected to be delivered by the fall of 2013. In addition to the major big-box anchor tenants, negotiations are underway with several restaurants, soft goods, apparel and a theater tenant.

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