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Real Estate 2025: DIVARIS, GERALD S.
CHAIRMAN AND CEO, DIVARIS GROUP, VIRGINIA BEACH
Virginia Business //September 2, 2025//
Real Estate 2025: DIVARIS, GERALD S.
CHAIRMAN AND CEO, DIVARIS GROUP, VIRGINIA BEACH
Virginia Business //September 2, 2025//
Divaris co-founded his real estate firm more than five decades ago in South Africa, where he earned degrees in accounting and real estate marketing, and then brought the company to Virginia
in 1981. The following year, Divaris Real Estate, one of the companies now under the Divaris Group umbrella, opened its doors in Virginia Beach.
Today, the firm manages or leases more than 40 million square feet of office, retail and industrial space nationwide under subsidiary Divaris Property Management. Divaris Group has offices in Newport News, Norfolk, Richmond and Roanoke, as well as North Carolina, California and Washington, D.C.
In March, the company announced that the Virginia Beach Town Center, a property Divaris and Armada Hoffler started building in 1986, is now 99% occupied, with Clark Nexsen, Kimley-Horn and Associates and other businesses renewing and expanding their leases in five towers.
The Divaris Group continues to be a family business, with Michael Divaris, Gerald’s cousin and co-founder, as president and Tony Divaris, his nephew, as chief operating officer.
In 2024, Divaris Real Estate acquired S.T. Burke Retail Partners in Philadelphia.
