Va. Physicians for Women to construct HQ in Midlothian
Medical practice bought four acres for nearly $1.5M
Virginia Physicians for Women purchased four acres of land for nearly $1.5 million to construct a new headquarters building in Midlothian, commercial real estate brokerage firm NAI Dominion (an office of NAI Global) announced last week.
The medical practice purchased the land for the 41,598-square-foot headquarters building from Woodlands Real Estate LLC. Virginia Physicians for Women spent 12 months searching for the 1212 Koger Center Blvd. site with the help of NAI Dominion, which will act as the development consultant for the project. Chris Rice of NAI Dominion represented the buyer in the transaction.
Construction is expected to begin this month and is expected to be completed by next August.
The transaction marks the second partnership between NAI Dominion and Virginia Physicians for Women. In June 2019, Virginia Physicians for Women purchased a 15,600-square-foot building at 1775 Lake Harley Drive in Prince George.