Buyer Hones in on Flex Asset After a Six-Month Process

The 74,462-square-foot industrial flex property sits on 3.9 acres in the SW Outer Loop submarket.

HOUSTON—With a strategy that capitalizes on the ever-improving industrial market, The Richland Companies recently acquired 8100 Westpark/Westpark Business Center, strategically located at 8100 Westpark Dr. in the Southwest Outer Loop submarket. The 74,462-square-foot industrial flex property sits on 3.9 acres, offering tenants easy access to the Southwest Freeway, 610 Loop, Sam Houston Tollway and Westpark Tollway, which provides direct routes to Beltway 8 and West Houston. It also has close proximity to the Galleria, Greenway Plaza and CBD. The price was undisclosed.

“Adding a new property to our portfolio is always an exciting way to start the year and 2018 is no different,” says Edna Meyer-Nelson, president and CEO of The Richland Companies. “8100 Westpark 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.”