A commercial corridor that Henrico County has targeted for growth is about to get a shot in the arm from a local health system.
VCU Health plans to relocate 750-900 employees to the former SunTrust Operations Center at 7818 E. Parham Road, which it bought earlier this month for $4.65 million.
The health system said it will use the 234,000-square-foot building as office space for a variety of its departments, including human resources, finance and IT. The property, which sits on 15 acres, was once used by SunTrust and United Virginia Bank but has sat vacant for years.
VCU spokesman Mike Porter said in a statement that VCU Health will be moving employees from offices it is currently leasing near its MCV Campus and at Willow Lawn, and that other units may be able to relocate to the new space in the future. The organization has more than 13,000 employees spread around multiple sites.
While VCU did not say what sort of renovations it has planned for the building, Porter did say the property is equipped to support VCU Health’s IT needs. VCU’s employees will begin moving into the Parham building in the Fall. The total cost of the upfit hasn’t been determined.
The building sits in a section of Henrico marked by the county for additional density and also is in between the MCV campus and VCU’s western-most hub – its 111,000-square-foot Neuroscience, Orthopaedic and Wellness Center in Short Pump.
It’s also just up the road from competitor HCA’s Parham Doctors Hospital.
Porter said VCU Health will also be providing a shuttle service between the MCV Campus and the Parham Road building, which is a few blocks to a GRTC bus stop.