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Nuveen Real Estate Acquires Short Pump Station Retail Center In Glen Allen For $55 Million

Property Image
SOLD
$55,000,000
Catharine Spangler
John Owendoff

Virginia

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Retail91,369 SF
Sold 01/15/2025
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Property Image
SOLD

Nuveen Real Estate Acquires Short Pump Station Retail Center In Glen Allen For $55 Million

11301 West Broad Street

See Similar Deals
Retail91,369 SF
Sold 01/15/2025
Catharine Spangler
John Owendoff
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$602
Total Square Footage:91,369 SF
Transaction Type:Sale

The retail asset involved in this transaction is a shopping center located at 11301 West Broad Street, Glen Allen, VA. The sale occurred on January 15, 2025, with a total price of $55,000,000 for the property, which spans 91,369 square feet. The price per square foot comes to approximately $602. The property is anchored by Trader Joe's and includes tenants such as Ulta Beauty and Petco.

Summary of transaction details:

This transaction marks Nuveen Real Estate's second acquisition in the Richmond metro area, facilitated by the brokerage team of Catharine Spangler and John Owendoff from Cushman & Wakefield, representing both parties in the deal.

Players

Catharine Spangler
Cushman & Wakefield
Catharine Spangler
20 deals$220M volume
BROKER
John Owendoff
Cushman & Wakefield
John Owendoff
7 deals$263M volume
BROKER

Details

SOLD
IMAGE: 01/15/2025 ADDRESS: 11301 West Broad Street MARKET: Glen Allen, VA ASSET TYPE: Retail BUYER: Nuveen Real Estate SELLER: Wafra Inc BROKERS: Catharine Spangler & John Owendoff - Cushman & Wakefield SALE PRICE: $55,000,000 SF: 91,369 ~ PPSF: $602 NOTE: Wafra Inc. sold Short Pump Station, a 91,369-square-foot shopping center, to Nuveen Real Estate for nearly $55 million. The retail center, anchored by Trader Joe’s and home to tenants like Ulta Beauty and Petco, is Nuveen’s second acquisition in the Richmond metro area.

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