Pinewood Plaza Gets Two More Tenants

HAMPTON, VA-Two more companies have signed on for space at Pinewood Plaza, a 75,500-sf office structure in the commercial district near the new Hampton Convention Center. Breen Title & Settlement Inc. committed to 1,600 sf of space, and Olympic National Bancorp Inc. leased 1,500 sf. The two firms follow Royce Information Systems, which signed on for 2,500 sf of space last month.

Divaris Real Estate Services Inc. was the sole brokerage firm on the deal, representing building owner Berman Kappler Properties as well as the new tenants. The terms of the lease agreements have not been disclosed; however, Divaris, which also manages the class A property, markets space at Pinewood Plaza for $16 per sf. Other tenants in the building include Dynamics Research Corp., Northrop Grumman, and the Virginia Peninsula Chamber of Commerce. With the Breen and Olympic National leases, Pinewood Plaza is now nearly 95% occupied.