The Divaris Group Absorbs Management of 2.3M SF from KLNB, Edge Commercial Real Estate Deal
Virginia Beach, VA-based The Divaris Group has acquired a portfolio of 2.3 million square feet of space, including over one million square feet of new property management assignments and 1.3 million square feet of new engineering assignments. The Divaris Group — a real estate services, brokerage, and property management company — now totals 37.3 million square feet of managed and leased space.
The portfolio growth is the result of a joint venture between the Divaris Group and KLNB. KLNB’s recent acquisition of Edge Commercial Real Estate expanded KLNB’s property management portfolio, which will be managed by Divaris Property Management Corp. The new portfolio comprises a mix of office buildings, retail and industrial properties, and will be managed by the Divaris Group from KLNB’s newly acquired office in Rockville, MD.
The joint venture between the Divaris Group and KLNB also expands Divaris Property Management Corp.’s engineering and maintenance services to the DC metro area.
Photo: Waldorf Park in Waldorf, MD