Richland Expands Houston Footprint

Spread across a 3.9-acre site, the new acquisition marks the company’s 15th property in the area, while the firm's portfolio includes approximately 1.9 million square feet of properties in the Bayou City.

8100 Westpark Drive in Houston

The Richland Cos. has acquired a 74,462-square-foot industrial flex property located at 8100 Westpark Drive in Houston’s Outer Loop–Southwest submarket. The company will also assume management responsibilities of the property.

Spread across a 3.9 acre-site, the property features multiple entry points with three main ingresses, nine flexible, rear-loading, dock-high, semi-dock and grade-level loading bays with 18-foot clear heights and ample parking. The new acquisition marks Richland’s 15th property in Houston. The company’s footprint in that city is approximately 1.9 million square feet.

According to the firm, 8100 Westpark is currently fully leased to three tenants, including Hoffer Furniture, Pak Man Supply and DragoArt Tattoo Supply. The Southwest Freeway, 610 Loop, Sam Houston Tollway, Westpark Tollway, Beltway 8 and West Houston are all easily accessible from the property.

“The property is in a sought-after location with high visibility for our tenants— seeing more than 45,000 cars per day on Westpark Drive and Westpark Tollway alone—and offers our tenants quick access to various distribution routes,” said Edna Meyer-Nelson, president & CEO of The Richland Cos., in prepared remarks.

In January 2016, The Richland Cos. entered the northwest submarket of Houston with the acquisition of  Lakes on Eldridge Centre, a retail center located at 5630 North Eldridge Parkway in the heart of the Energy Corridor.

Image courtesy of The Richland Cos.