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Aussies invest in Short Pump

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Posted at 8:08 AM, Sep 12, 2013
and last updated 2013-09-12 08:08:23-04

SHORT PUMP, Va. (RichmondBizSense.com) – An Australian investment firm has officially staked a claim in Short Pump.

QIC acquired a 24.5 percent interest in Short Pump Town Center from Cleveland-based Forest City Enterprises. The deal, which closed this week, was part of a $2.05 billion transaction that included seven other shopping malls nationwide.

Forest City spokesman Jeff Linton said a breakdown of the value of each individual property was not available.

Click here to read more about the deal on RichmondBizSense.com.