VCU buys Ukrops at Harrison and Grace

Here’s a pricey VCU land-grab that probably won’t earn the university much criticism from its usual chorus of detractors (you know who you are): The VCU Real Estate Foundation purchased the former Ukrop’s store and parking lot at Grace and Harrison streets for more than four times what a previous investor paid in 2002. Did VCU pay […]

January 13, 2009; 12:52 PM • by FTRea

Here’s a pricey VCU land-grab that probably won’t earn the university much criticism from its usual chorus of detractors (you know who you are):

The VCU Real Estate Foundation purchased the former Ukrop’s store and parking lot at Grace and Harrison streets for more than four times what a previous investor paid in 2002.

Did VCU pay too much? I certainly don’t know, but I thought the real estate market was down. Maybe not in all circumstances. To read the entire story at Richmond BizSense, click here.

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