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Washington DC & Mid-Atlantic  + DC Metro  + Retail  |  September 8, 2021
David Cohen
By: David Cohen

CushWake Arranges $47M Sale of Richmond Retail Center

Cushman & Wakefield has arranged the $46.7 million sale of Short Pump Station, a grocery-anchored retail center in Richmond.

The 91,369-square-foot center is located at on West Broad Street at the confluence of I-64, I-295 and Route 288. Tenants at the center include Trader-Joes, Ulta and Petco as well as Longhorn Steakhouse, Five Below and Chop’t.

John Owendoff of Cushman & Wakefield led the sales effort on behalf of the seller, a joint venture between BayNorth Capital and AmCap Inc., a vertically integrated private equity real estate firm. Michael Zelin and Marshall Scallan, also of Cushman & Wakefield, secured acquisition financing for the buyer, Wafra Inc., a global alternative investment manager.

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Inside The Story

CushWake’s Owendorf

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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