Surgery center in Beachwood sells for $58.3 million Contributed The Beachwood Medical Center at the corner of Chagrin Boulevard and Richmond Road has changed hands in a $58.3 million deal. The Beachwood Medical Center, 25501 Chagrin Blvd., has been sold by its local ownership to Montecito Medical, a Nashville-based specialist in medical properties, for $58.3 million, according to Cuyahoga County land records. The seller was Manna Isle LLC of Cleveland, a physician-led investor group that developed the 69,800-square-foot property in 2019 and was later joined first by Lake Health and then University Hospitals of Cleveland in the operation. The transaction leaves the operating partnership of the property unchanged as it is principally controlled by Lake Health and UH, according to a release on the transaction. Separately, Lake Health merged operations into UH last month.