Smith/Packett Med-Com plans new assisted living facility in Suffolk
Smith/Packett Med-Com LLC has purchased 11 acres at South Village of Harbour View in Suffolk for $1.3 million for a new senior housing project. The Roanoke-based company plans to build and operate an assisted living facility with a memory care unit.
According to Cushman & Wakefield | Thalhimer, which brokered the land sale, the project is scheduled for completion in June 2015.
Smith/Packett, a leading player in the senior housing market, has managed more than $100 million annually in new construction, senior housing and related healthcare projects, over the past four years.
In 2012, the company managed 14 construction projects and closed over $200 million in various transactions and financings.
David M. Smith of Thalhimer handled the sale negotiations on behalf of Smith/Packett Med-Com LLC.