February 3, 2020— The Richland Companies is proud to announce the purchase of Corporate Centre Webster, a 49,793 square foot office park sitting on 3.52 acres, located at 16969 Texas Avenue in Webster, Texas. The new property is located across the street from Richland’s Bay Plaza Office Complex further expanding their presence in the submarket.
The art deco inspired property with sprawling palm trees and lush landscaping is in a high demand area, bounded by Texas Avenue, Live Oak Street, Orchard Street and Bay Area Boulevard. Its easy access to I45 offers its tenant base of tech and medical companies two main and five cross access entry points. With its close proximity to the Clear Lake Medical Center, Johnson Space Center, Baybrook Mall, downtown Houston and Galveston, as well as Pasadena, the Houston Ship Channel, Hobby and Bush International airports, it’s no wonder Webster has become known as the Aerospace Capital of the Southwest and Medical Center of the South. Additionally, the property stayed dry during Hurricane Harvey.
“We’ve had great success with Bay Plaza Office Complex and are excited to be a part of Webster’s continued growth while adding another asset to our portfolio in this area,” says Edna Meyer-Nelson, President and CEO of The Richland Companies. She continues, “With the uptick in activity by the government and private sectors, we see huge potential in Webster, which is already home to 2200 businesses bolstered by the aerospace and medical industries, and is home to 1.5 million people.”
Currently 84% leased with tenants including: Mohan S. Kumar LLP, EverHeart System, Inc., TRACLabs Inc., Technology Transfer Inc. and Jonas Fitness, Inc., Corporate Centre Webster becomes Richland’s seventeenth acquisition in Houston, marking more than 1.9 million square feet of properties which Richland owns and manages. Richland will assume management responsibilities of the property, as it does with its entire portfolio of 37 properties in five states throughout the Southwestern United States.
Other notable properties owned and managed by Richland in Houston include 550 Post Oak, Bay Plaza Office Complex, Beltway 8 Service Center, McDonald’s-Beltway 8 Retail Center, Deerbrook Corner, Lakes on Eldridge Centre, Raton Plaza, Fairmont PH Business Park and 8100 Westpark.