Short Pump land sells for $8.1 million and is earmarked for a shopping center
Ukrop’s Super Markets Inc. has sold a 15-acre parcel in the Short Pump area for $8.1 million to Nuckols Place VFI, L.C.
According to Cushman & Wakefield |Thalhimer, the new owner plans to develop a 90,000-square-foot shopping center on land located at Nuckols and Twin Hickory Roads that would be known as NuckolsPlace.
Thalhimer represented the buyer in the purchase.
Construction of the new center is scheduled to begin in August, with completion of the first phase slated for spring 2016.
Nuckols Place VFI, L.C., in partnership with The Peterson Cos., based out of Fairfax County, and Virginia Financial Investors, has selected Thalhimer to exclusively represent the leasing efforts for the new center.
The location is close to Innsbrook Office Park, the Wyndham Office district, the Twin Hickory and Wyndham neighborhoods and Interstates 64 and 295.
According to Thalhimer, the developers were attracted to the site by the daytime density and demographics, with annual income in the area of nearly $150,000 and nearly 70 percent of the population having a college education.
The project represents The Peterson Cos. first project in the Richmond market. The company has been behind many major commercial projects in Northern Virginia including National Harbor, a massive mixed-use project on the banks of the Potomac River, just over the Woodrow Wilson Bridge in Maryland.
Connie Jordan Nielsen and Alicia Farrell will serve as the representatives on Thalhimer’s retail leasing team.
Representing Ukrops in the sale were two brokers from S.L. Nusbaum Realty's Richmond office: Jim Gresock, senior vice president, and Nathan Shor, vice president, regional director. Nusbaum's main office is Norfolk.