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Aussies invest in Short Pump

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.

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