Divaris Real Estate, Inc. (DRE), announced the sale of an outparcel of 1.35 acres of land at Waynesboro Town Center for $1.2 million for the development of two retail buildings, of 7,920 square feet and 1,700 square feet. Seven Development, LLC purchased the land at the signalized entrance to the Town Center property from Waynesboro Town Center, LLC.

Brett McNamee and Ali Newton of the Richmond Office of Divaris Real Estate brokered the sale on behalf of the seller.

The Divaris-leased Waynesboro Town Center, located at 740 Town Center Drive in Waynesboro, Virginia, is anchored by Target, Kohl’s, Michael’s, PetsMart, Aldi and Bed Bath & Beyond with additional tenants including Hallmark Cards, Ann Taylor Loft, Hibbett Sports, Rack Room Shoes, Books-A-Million, Ross Dress for Less, Steak & Shake, McAlisters Deli, Chick-Fil-A and McDonald’s.

About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in Newport News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Washington, DC; and Beverly Hills, CA. Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international real estate brokerage and property management company that currently manages and/or leases approximately 32 million square feet of prime office, retail and industrial space from New Jersey to Florida. Gerald S. Divaris is Chairman of the Board, and Michael B. Divaris is President of Divaris Real Estate, Inc.

Divaris Real Estate is a member of Realty Resources, (http://www.realtyresources.org/) a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S. DRE is also the Virginia affiliate for The CORE Network, (http://www.corenetworkcre.org/) a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe. These organizations represent corporate and institutional clients, tenants and buyers in all aspects of leasing, development, management, sales and acquisitions.