Aussies invest in Short Pump
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.