Wafra has sold Short Pump Station, a 91,369-square-foot shopping center in the suburbs of Richmond, Va., to Nuveen Real Estate.
Wafra had owned the property since acquiring it from a joint venture affiliate of AMCap in 2021.
Located in the heart of Richmond’s most dominant submarket and with grocery retailer Trader Joe’s as its anchor tenant, Short Pump Station attracts 2.3 million annual visits, putting it in the top 15 percent of shopping centers nationally. Its other major tenants include Ulta and Petco.
“The Short Pump investment resulted in an excellent outcome for our investors,” said David Hamm, head of real estate at Wafra. “Given its prime location and strong local appeal, I am confident this highly attractive retail destination will continue to thrive under its new ownership.”
“Short Pump Station aligns perfectly with our grocery-anchored neighborhood retail strategy, in the growing and dynamic Short Pump submarket.” said Ryan Bo
