Aussies invest in Short Pump

Posted on: 8:08 am, September 12, 2013, by

The change for Short Pump Town Center was part of a $2.05 billion deal. (Photo by Burl Rolett)

The change for Short Pump Town Center was part of a $2.05 billion deal. (Photo by Burl Rolett)

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.