OrthoVirginia Memorial Regional

Realized

OrthoVirginia Memorial Regional is a 58,554 square-foot medical office facility located in the Mechanicsville submarket of Richmond, VA which was developed by Lingerfelt’s predecessor and delivered in 2015. The building was a build-to-suit substantially pre-leased to OrthoVirginia and Bon Secours Health System.

Investment Info

  • Status: Realized
  • Market: Richmond, VA
  • Property Type: Medical/Life-Science
  • Square Footage: 58,554
  • Lingerfelt Role: Developer
  • Strategy: Build-to-Suit

Investment Metrics

  • Entry Date: January 13, 2014
  • Purchase Price: $1,024,615
  • Total Capitalization: $16,200,000
  • Exit Date: November 27, 2018
  • Exit Price: $25,100,000
  • Hold Period: 4.9 Years

OrthoVirginia Memorial Regional

8200 Meadowbridge Rd, Mechanicsville, VA, USA
Realized

OrthoVirginia Memorial Regional is a 58,554 square-foot medical office facility located in the Mechanicsville submarket of Richmond, VA which was developed by Lingerfelt’s predecessor and delivered in 2015. The building… Read More