VCU Health’s appetite for real estate has led to a sizable deal in Henrico County.
The health system last week purchased the former SunTrust Operations Center at 7818 E. Parham Road for $4.65 million, per county property records.
VCU would not comment Thursday afternoon about its plans for the property, which houses a vacant 234,000-square-foot building on 15 acres.
SunTrust and predecessor United Virginia Bank had owned the property since at least 1980, when it sold for $13 million. The property most recently was assessed by the county at $5.8 million, with the land accounting for $2.5 million of it.
The property sits at the intersection of West Broad Street and East Parham Road, which the county is eyeing for increased density. More housing is already en route to the area, as the 200-unit West Chase Townhomes is taking shape on 30 acres behind the SunTrust building.
The site is one of the biggest VCU Health owns in Henrico County, joining its 111,000-square-foot Neuroscience, Orthopaedic and Wellness Center in Short Pump, which it bought for $44 million in 2016.