Montecito Medical, one of the nation’s most active investors in medical office real estate, has acquired a specialty outpatient property in Mechanicsville, Virginia.
The two-story, 44,000-SF building, built in 2024, is fully occupied by Virginia Women’s Center, a leading specialty provider in the area.
“As we continue to execute on our strategy in the Richmond area, where we have an extensive real estate footprint, we are excited by the opportunity to establish a long-term partnership with another market-dominant physician specialty practice group,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.
Virginia Women’s Center is a full-service women’s health provider with more than 35 physicians and five locations across the Richmond area. The practice is part of Privia Health, which equips leading primary and specialty care physicians with cutting-edge resources to deliver outstanding, personalized patient care.
“Montecito has a long history of investment in outpatient medical properties in the Richmond area,” said Chip Conk, CEO of Montecito Medical. “This market remains important to our overall portfolio growth strategy, and we look forward to announcing additional acquisitions here.”
