HOUSTON–The Richland Cos. has purchased theFairmont PH Business Park. The two-building parksits on nearly 5 acres and contains 66,654 square feet ofindustrial space. Kelley Fairmont Inc. sold theproperty for an undisclosed sum.
The business park, located at 11810 FairmontPkwy. and 13501 Bay Area Blvd., was builtin 2008. It is fully occupied by tenants, which include WorleyParsons, Orr Safety, GSA and Coastal HVAC Supply.
The purchase was part of The Richland Cos.' attempt to takeadvantage of the growing Port of Houston.
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