Smith Packett Med-Com LLC has purchased 8.43 acres in Yorktown for $1.16 million.
The Roanoke-based senior living real estate developer plans to build an assisted living facility on the site. The land, located at Hampton Highway and Victory Boulevard, was purchased from HR Ashe.
David M. Smith of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the buyer.