News

Actions

Aussies invest in Short Pump

Posted

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.