Investment Summary

Watkins Medical Center is a 120,000 square-foot, 2-building, ground-up partial build-to-suit medical office development. Phase I of the project, consisting of a standalone 40,000 square-foot medical facility being built-to-suit for Richmond Heart & Vascular Associates, is currently under construction and will deliver in Q3 of 2027. Phase II will consist of up to 80,000 square-feet of medical office space in a single building, and will break ground with sufficient pre-leasing.

Investment Info

Status: Under Construction
Sub-Market: Rt 288 Corridor
Property Type: Medical
Square-Footage: 120,000
Strategy: Development
Sub-Strategy: Build-to-Suit | Speculative
Entry Date: Feb 27, 2026
Lingerfelt Role: Developer | General Partner

Project Highlights

Immediately Adjacent to Westchester Medical Park & OrthoVirginia
12K SF of Medical Space Available in Phase I
40-80K SF Available in Phase II for Medical Build-to-Suit

Location

Project Team

Leasing

David Smith Senior Vice President

Amy Broderick Senior Vice President

Kate Hosko Vice President

Developer

Ryan Lingerfelt CEO & CIO

Brian Witthoefft President


General Contractor
Architect
Civil Engineer