West Creek Medical Park is a multi-phase development on Broad Street in Richmond, VA, within Richmond’s primary retail district, Short Pump. Three MOBs are envisioned, with the first under development and scheduled for completion by the end of 2014. The property’s location at the intersection of Broad Street and Highway 288 allows for easy access from all points of Richmond and is well positioned to serve the population growth in the northwest quadrant.
With the evolution of our healthcare system, healthcare providers are moving procedures not required to be performed in hospitals to outpatient clinics and MOBs. These facilities are being located near residential communities and in close proximity to retail amenities, making them easier and more convenient for patients to access. As Short Pump’s retail base continues to expand westward, West Creek Medical Park is well positioned to benefit from this trend. Just across the street from the property, a new retail development anchored by Wegmans and Cabela’s will break ground in late 2014. The combination of ease of access, growth within the submarket, and proximity to a critical mass of retail in Short Pump creates an ideal location for medical practices.
Partner: Lingerfelt Companies
Property Type: Medical Office Building
Square Footage: 60, 987