Liberty Investment Partners, a real estate private equity firm based in Raleigh, North Carolina, has acquired The Shops at Wellesley in Richmond, VA for $10.1 million. Spanning 42,318 square feet and positioned at 3416-3470 Lauderdale Drive this neighborhood retail center boasts a 94.5% occupancy rate with tenants including Hanover Pediatrics and Short Pump Orthodontics among others.
John Barker – Managing Partner of Liberty Investment Partners – commented on the acquisition: “The property is ideally situated in one of the most affluent suburbs in Richmond and is exactly what we like to buy; it’s a true infill neighborhood retail center with an excellent mix of local, regional and national tenants” Catharine Spanger from Thalhimer facilitated the transaction.
