About The Area
The Trails at Short Pump is adjacent to West Broad Village, a premier mixed-use town center that includes a Whole Foods Market and Trader Joe’s grocery store, as well as a variety of retail, dining and entertainment options. The property is located in the Short Pump area of the Northwestern Richmond submarket, which provides the residents immediate access to regional employment hubs, as well as Richmond’s premier entertainment, shopping and dining destinations. Innsbrook, a six million-square-foot business park, is within a short drive of the property. Innsbrook is home to several major employers, including Capital One, Bon Secours Health System, Dominion Virginia Power and Markel corporate headquarters. Nearly 32 million square feet of retail and office space are within a five-mile radius of the property.
SHORT PUMP
Located in the Northwestern Richmond submarket, The Trails at Short Pump has access to Interstate 64, connecting it to major employment centers in the region, including eight Fortune 500 companies. Interstate 64 connects to Interstates 95 and 295, providing residents with access to a host of local and regional points of interest including Virginia Beach and Washington, D.C. The property is within minutes of West Broad Village, a premier mixed-use town center that includes a variety of retail, dining and entertainment options. Also, the property is less than a 10 minute drive from Short Pump Town Center, a thriving open-air mall with approximately 1.2 million square feet of retail, dining, and entertainment space that includes an Apple Store, Dick’s Sporting Goods, Maggiano’s, and The Funny Bone, a comedy venue that attracts national acts. A new Amazon Robotics Center is under construction 20 minutes from the property, which will add 1,000 high paying jobs and serve as a catalyst to Richmond’s emerging tech and logistics center
RICHMOND
The LEGO Group is building a 1.7-million-square-foot plant that will be located on a 340-acre site in Chesterfield County, Virginia, part of the Richmond MSA. This will be the first U.S. factory for the maker of the universal plastic building blocks. With construction beginning in fall of 2022, LEGO is investing more than $1 billion to build the factory and it is anticipated to create more than 1,760 jobs. Additionally, CoStar has announced it will build a $460 million corporate campus in Richmond, creating 2,000 jobs
Sponsor
Since 2012, Capital Square has helped investors navigate tax-advantaged real estate offerings.
The company’s experienced, investor-centric team provides a successful foundation for investment opportunities including:
- Delaware statutory trusts as replacement properties for 1031 exchanges
- Qualified opportunity zones
- Private investment offerings
Dedicated to both cash investors and those seeking replacement properties as part of a Section 1031 exchange, Capital Square’s veteran staff knows how to leverage current market conditions to obtain resilient, stable properties.
The bulk of DST offerings consist of multifamily and healthcare assets. Capital Square also sponsors turnkey real estate investment offerings with low investment minimums. This provides investors with access to higher quality real estate.
