Elevation Real Estate Group Acquires “Parc Place” Shopping Center in Short Pump Area of Richmond, Virginia
Sixth Partnership with Auerbach Funds leads to acquisition of 82,968 Sq. Ft. Retail Shopping Center
Charlotte, Dec. 22, 2020 (GLOBE NEWSWIRE) Elevation Real Estate Group, a Charlotte-based real estate company, in partnership with Auerbach Funds and Beechmont Acquisitions, recently acquired “Parc Place,” an 82,968 square-foot retail shopping center outside of Richmond, Virginia. The shopping center is located at 11736 and 11740 West Broad Street in the Richmond suburb of Short Pump, located adjacent to Short Pump Town Center near the intersection of Interstates 64 and 295, and a short distance from Interstate 95. The location provides easy access to growing and affluent nearby suburban neighborhoods, as well as downtown Richmond. The center is home to a number of well-known retail brands, including Dollar Tree, PetSmart, DXL Big & Tall, and Tropical Smoothie.