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Divaris renews five Hampton Roads leases
Virginia Beach, Va. -- Divaris Real Estate has represented the landlords in the renewal of five leases covering more than 18,500 sq. ft. in Hampton Roads, Va., retail properties.
Two of the leases were with Willow Oaks Associates, landlord of Willow Oaks Village Square Shopping Center in Hampton. The City of Hampton renewed a 7,778-sq.-ft. space, and Virginia ABC renewed its 3,300-sq.-ft. lease.
Mattress Firm renewed for 3,982 sq. ft. with JLP Chesapeake, owner of the Crossways Shopping Center in Chesapeake.
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W.P. Carey acquires H&M DC in Poland for $85 million
New York -- Real estate investment trust W.P. Carey has acquired a Hennes & Mauritz logistics center in Poznan, Poland.
W.P. Carey, through one of its affiliates, purchased the 896,911-sq.-ft. facility for $85 million.
The center, which supplies all of H&M’s Eastern European stores as well as serves as its primary European e-commerce logistics hub, will be leased back to H&M.
