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Paula C. Squires// December 4, 2017//
Sheltering Arms Physical Rehabilitation Centers has purchased a 25-acre, $7.9 million site in Goochland County for a new hospital that it will operate in a joint venture with VCU Health System.
According to CBRE|Richmond, which announced the sale Monday, the site is located on Wilkes Ridge Parkway in The Notch at West Creek adjacent to the West Creek Medical Center.
“The purchase of this property allows us to move forward with our plans to advance the convergence of rehabilitative and regenerative medicine consistent with our commitment to provide top-notch innovative care for our patients in a setting that will have easy accessibility from the major highways, ample parking and green space that is conducive to healing,” Mary Zweifel, CEO of Sheltering Arms, said in a statement.
Sheltering Arms plans to open the 114-bed, 200,000 square foot hospital in spring 2020.
CBRE’s Trib Sutton and Malcolm Randolph represented Sheltering Arms in the transaction. The sellers of the property were North Gayton Co. LLP, PWC Properties LLC, and Riverstone Properties.
