Richland Cos. Acquires Retail Center

HOUSTON–The Richland Cos. announced today the acquisition of Lakes on Eldridge Centre, which marks their entry into the northwest submarket. Conveniently located at 5630 North Eldridge Parkway in the heart of the Energy Corridor, the 30,049 square foot retail center sits on 2.1 acres at the southeast corner of North Eldridge Parkway and Tanner Road. 

“We’re looking forward to joining and serving the Energy Corridor community. It’s a market we’ve had our eye on for a while,” says Edna Meyer-Nelson, President and CEO of The Richland Companies. “It’s a high growth area even with the drop in oil prices and recent layoffs, it sees more than 47,000 cars per day drive by, has a population of 67,000 within three miles and has an expected 9% population growth projection in the next five years.”