Highwoods Properties Inc. announced Tuesday that it has signed a long-term build-to-suite lease with Virginia Urology.
Highwoods said it will develop a $29 million, 87,000-square-foot, three-story building that will serve as Virginia Urology’s headquarters and medical facility in Richmond’s Stony Point submarket, not far from one of VU's current facilities.
VU will be the only tenant. The investment on the 100 percent pre-leased development includes structured parking and the value of the company-owned land.
