RICHMOND, VA-Short Pump Station, an 85,720-square-foot TraderJoe’s-anchored retail center, has traded here. AmCap Richmond LLC,a joint venture between AmCap and BayNorth Realty Fund VII,purchased it from S.J. Collins Enterprises, a Fairburn, GA-basedretail development company.

Boston-based Colliers Meredith & Grew’s Kevin C. Phelan andJeffrey D. Black helped the borrower secure a $20.5-million loanfor the center, which is located in Richmond’s Short Pumpsubmarket. The sales price has not yet been recorded, but Blacktells GlobeSt.com that it was financed at a sub par 70% LTV.

Aviva Investors, the global asset management business ofinsurance company Aviva plc, provided the 10-year, fixed-rate loanfor the acquisition. At closing, the property was 94% leased withnational or credit tenants accounting for over 70% of net rentablearea.