Richland Cos. Adds Corporate Centre Webster to Growing Submarket Portfolio

Richland Cos. added to its Webster, TX portfolio with the acquisition of Corporate Centre Webster, a 49,793-square-foot office park in Houston’s southeast submarket. The property at 16969 Texas Ave. is situated across the street from the Richland-owned Bay Plaza Office Complex. Warehouse Associates sold the asset.

Corporate Centre Webster is 84% occupied, with tenants including Mohan S. Kumar LLP, EverHeart System Inc., TRACLabs Inc., Technology Transfer Inc. and Jonas Fitness Inc. Richland will assume management responsibilities for the property.

“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,” said Richland’s Edna Meyer-Nelson. “With the uptick in activity by the government and private sectors, we see huge potential in Webster, which is already home to 2,200 businesses bolstered by the aerospace and medical industries, and also home to 1.5 million people.”

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