Gerald S. Divaris, chairman and CEO of Divaris Real Estate, Inc. (DRE), announced the signing of two lease renewals for a total of 17,530 square feet of commercial space in Durham and Charlotte, North Carolina.Lease negotiations were handled by agents in the Charlotte and Virginia Beach offices of Divaris Real Estate.

Petco Animal Supplies Stores renewed its lease for 16,150 square feet of retail space in Divaris-leased and -managed South Square shopping center located at 4011 Durham Chapel Hill Boulevard in Durham, NC. Petco employs more than 25,000 partners and operates more than 1,430 Petco locations across the U.S., Mexico and Puerto Rico. Other tenants in South Square include: Target, Office Depot, Once Upon a Child, Planet Beach, GameStop, Chick-fil-A, and Firestone Complete Auto Care. Gerald Divaris, along with Charles Neil and Diana Teitsma of DRE’s Charlotte office, represented the landlord, South Square Durham, LLC, in the lease negotiations.

East Coast Mortgage Lending renewed its lease for 1,380 square feet of office space in Corporate Villa A located at 11510 North Community House Road in Charlotte, NC. A member of the LendingTree network, East Coast Mortgage Lending provides the highest quality mortgage experience along with the most competitive rates and fees in the industry. DRE’s Charlotte office represented the tenant in the lease negotiations with the landlord, Offices on Six, LLC.

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; Beverly Hills, CA; and Washington, DC. 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 in excess of 26 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.