Remedy Medical, Kayne Anderson Break Ground on Virginia MOB

Remedy Medical Properties and Kayne Anderson have broken ground on Centra Langhorne Medical Center, in Lynchburg, Va. The 130,000-square-foot medical office building will be fully occupied upon completion, with delivery slated for late 2025.

The developers are working in partnership with Centra Health, a regional not-for-profit health-care system. The organization acquired the site for $8.8 million in July last year, Lynchburg City County records show.

The project will rise five stories and provide a wide array of medical services. Centra clinics generally offer primary care, psychiatry and behavioral health, brain and spine care, cancer care, orthopedic care and women and children’s health, among others. The development team includes Haskell Architecture and Engineering Inc., and general contractor Robins and Morton, along with structural engineer O’Donnell & Naccarato Inc., and civil engineer Hurt & Proffitt Inc.

The outpatient facility is taking shape at 2125 Langhorne Road, at the intersection with Tate Springs Road. The site is close to the Centra Lynchburg General Hospital and its location allows for future expansion. The entrance is slated to connect the facility to a multifamily development, while a wellness trail will link the campus to the Blackwater Creek Trail System.

Remedy, Kayne keep expanding MOB portfolio

As part of the development agreement, Remedy and Kayne Anderson also acquired Danville Medical Center, a 47,900-square-foot medical office building in Danville, Va., some 70 miles from Lynchburg. Completed in 2016, it rises two stories and is fully occupied by Centra, providing primary care, urgent care and cardiology.

Last month, Remedy and Kayne Anderson made several other acquisitions. The partners purchased four medical office buildings from Flagler Healthcare Investments in an $86 million portfolio transaction. The properties are in areas near Phoenix and Chicago, as well as in South Florida.

Another Remedy deal involved the purchase of a six-building medical office portfolio totaling 145,308 square feet. Zalla Cos. sold the assets located around Northern Kentucky and the outskirts of Cincinnati, all of which are leased to St. Elizabeth Physicians.