Armada Hoffler announced a new office tenant at Town Center of Virginia Beach, its longtime corporate headquarters. The Company completed a new lease with KPMG LLP, the U.S. audit, tax and advisory firm. Beginning January 2024, KPMG will occupy 13,044 square feet, bringing the mixed-use property's office space to 98% leased.

Divaris Real Estate represented Armada Hoffler in the transaction and serves as the company's landlord representative at Town Center of Virginia Beach. Cushman & Wakefield | Thalhimer represented KPMG. Known locally as the Armada Hoffler Tower, the 23-story building features 324,000 square feet of office space, 38,500 square feet of street-level retail space and a nine-story parking garage.

Six of the building's office tenants have remained in the building since its 2003 opening. The overall Town Center of Virgina Beach mixed-use district includes 620,000 square feet of retail space, 800,000 square feet of office space and 760 apartments spanning 17 blocks and 25 acres. This is a shining example of a successful public-private partnership with the City of Virginia Beach.