VCU expands into Short Pump
SHORT PUMP — A recently developed medical office building and nearby parking lot in Towne Center West in Short Pump are now owned by VCU Health.
VCU Health System Authority acquired the 111,000-square-foot, five-story medical office building at 11958 W. Broad St. earlier this month for $39.99 million, according to Henrico County records. It paid an additional $3.9 million for the 4-acre parking lot behind it at 220 Towne Center West Blvd.
The two transactions closed May 10 and in both cases, the sellers were entities controlled by developers Stanley Shield and Jimmy Stanley, whose company Stanley Shield Partnership developed the property as part of a 12-acre, multi-building project that began in 2014. VCU was the first tenant to sign on for the project, taking a lease for the entire building.
Now as the owner, VCU is using the property as home for its Neuroscience, Orthopaedic and Wellness Center. The multispecialty physician practice began operations May 2 under the direction of Dr. Kevin Hoover, Dr. William Jiranek, Dr. Bruce Mathern, and Michael Vasell, the director of the N.O.W. Center.
Jiranek said the idea for the N.O.W. Center has been years in the making and aims to bring an array of services related to neuroscience and musculoskeletal under one roof.