Liberty Investment Partners Acquires The Shops At Wellesley Retail Center In Richmond, VA

Liberty Investment Partners has recently acquired The Shops at Wellesley, a neighborhood retail center located at 3416-3470 Lauderdale Drive in Richmond, VA. The property spans 42,318 square feet and was purchased for a total sale price of $10,100,000, resulting in a price per square foot of $239. The retail center currently boasts an impressive occupancy rate of 94.5%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,100,000
• Square Footage: 42,318
• Price per Square Foot: $239
• Address: 3416-3470 Lauderdale Drive, Richmond, VA

In this deal, Liberty Investment Partners was represented by John Barker. Catharine Spangler from Cushman & Wakefield acted as the broker for the transaction.