Wafra Inc. has completed the sale of Short Pump Station, a 91,369-square-foot shopping center in the suburbs of Richmond, Virginia, to Nuveen Real Estate. Wafra had owned the property, located at 11301 W Broad St, Glen Allen, since acquiring it from a joint-venture affiliate of AMCap in 2021.
The sale represents the first realization of Wafra’s core plus vehicle, which launched in 2021. Wafra was advised on the sale by a Cushman & Wakefield team led by John Owendoff. The property is anchored by grocery retailer Trader Joe’s, and Short Pump Station attracts 2.3 million annual visits, putting it in the top 15% of shopping centers nationally.
“Short Pump Station aligns perfectly with our grocery-anchored neighborhood retail strategy in the growing and dynamic Short Pump submarket,” said Ryan Boan, U.S. Head of Retail Transactions at Nuveen Real Estate. “Short Pump Station is our second acquisition in the Richmond MSA.”