Richland Press Releases

M. Boone Smith Joins The Richland Companies as Director of Leasing

Boone Smith Joins The Richland Companies as Director of Leasing

(Houston, TX – October 10, 2017) The Richland Companies recently announced M. Boone Smith has joined their Houston office as Director of Leasing. Smith joins Richland from Patriots Texas Properties, where he served as Managing Partner. In this role, he oversaw the purchase of $1.2 million dollars of real estate, developed and managed eight properties, and built a team of real estate agents, lenders and contractors. Prior to that, he formed Patriots Junk Removal & Hauling where he managed all aspects of this business including accounting, marketing, public relations, sales, lead generation, and customer service. He sold the company in August 2016, five years after founding it.

Before embarking on his entrepreneurial endeavors, Smith served in the United States Navy from 2004-2010 as a Visit, Board Search & Seizure Team Leader and Divisional Leading Petty Officer in the Sonar Division. In 2010, he received the USS John L. Halls Sailor of the Year Award.

As Director of Leasing, Smith will lead the Richland Leasing and Tenant Representation teams in marketing and leasing Richland’s 35-property portfolio and strategic third-party properties in Houston, Laredo, Corpus Christi and Nashville as well as representing clients locally, regionally and nationally in identifying locations and negotiating commercial leases in multiple markets across the United States.

“Boone’s business building spirit and real estate background combined with his military experience brings a unique set of skills to Richland, which will help us continue to grow our leasing and tenant representation divisions with new and innovative practices as well as hone our crisis response procedures, which is essential for all businesses to have, especially in the commercial real estate industry. We’re excited he is here and feel he will be an asset to the entire Richland family,” says Edna Meyer-Nelson, President and CEO of The Richland Companies.

Boone holds a Bachelor of Arts in English from the University of Maryland and Masters of Business Administration from the University of Houston, C.T. Bauer College of Business, Graduate Real Estate Program.

He is a member of the Veteran of Foreign Wars and a committeeman of the Houston Livestock Show & Rodeo.

The Richland Companies Enters the Corpus Christi Market with the Acquisition of Pizza Hut & Wing Street

The Richland Companies Enters the Corpus Christi Market with the Acquisition of Pizza Hut & Wing Street

(Houston, TX – November 7, 2016) The Richland Companies announced today the acquisition of Pizza Hut & Wing Street in Corpus Christi, which marks their entry into the market. Centrally located at 2120 South Staples Street directly across from Del Mar College East Campus, it is situated on a 46,110 square foot signalized intersection at the corner of South Staples and Baldwin Boulevard, which is bounded by Louisiana Avenue.

“Corpus Christi is known as the ‘Texas Riviera’ with the fifth-largest port in the United States, and we’ve had Corpus on our radar for a while. With 10,000 plus students across the street, more than 25,000 cars per day and the only Pizza Hut that delivers to the downtown business and hospitality communities, we felt this was a perfect fit for Richland’s next acquisition and entry into this growing market,” says Edna Meyer-Nelson, President and CEO of The Richland Companies. “Being on the main thoroughfare to Corpus’ popular waterfront, surrounded by more than 107,000 residents within a three mile radius fits perfectly with our strategy of finding high-potential properties in locations positioned for extreme growth. Its close proximity to our San Antonio office was another added benefit to entering this market,” she continues.

Pizza Hut & Wing Street becomes Richland’s thirty-fifth asset, marking more than 2.5 million square feet of properties which Richland owns and manages across four states. Richland will assume management responsibilities of the property, as it does with its entire portfolio across the Southwestern United States.

Other notable properties owned and managed by Richland in San Antonio include SA West Loop II, Potranco Plaza, Tower at Boerne and Sonic Drive-In on FM 471. Properties in Houston include 550 Post Oak, Fairmont PH Business Park, McDonald’s Beltway 8, Raton Plaza, McDonald’s on West Road, Deerbrook Corner, Bay Plaza Office Complex, Lakes on Eldridge Centre and Beltway 8 Service Center.

The Richland Companies Hires Five and Promotes Two in Houston Office

The Richland Companies Hires Five and Promotes Two in Houston Office

 Continues Growth and Momentum from New Headquarters

(Houston, TX – February 25, 2016) The Richland Companies announced today the addition of Thomas Townsend, Mitchell Covell, Eric Brown, Patricia “Jill” Waggoner and Virginia Meriwether to their Houston office as well as the promotions of Britta Clayton and Donna Spell.

Thomas Townsend joins Richland as Acquisitions and Asset Manager after a yearlong apprenticeship studying under President and CEO, Edna Meyer-Nelson, where he located and analyzed office, industrial, flex and single tenant buildings as well as organized budgets for multiple properties in the Richland portfolio in addition to putting together investment packages. Under Meyer-Nelson’s stewardship, Thomas showed great promise and was tasked with aiding in finding and evaluating new potential properties in Houston, Dallas, San Antonio and Nashville; negotiating loans and refinancing new and existing properties as well as leading due diligence on newly acquired properties. Before coming to Richland, Townsend spent time as Transaction Coordinator at SwiftLease and as an Outside Sales Representative for UniFirst Corporation.

He holds a Master of Business Administration from the University of Houston C.T. Bauer College of Business, where he also received real estate certification and an undergraduate degree from the University of Houston’s Conrad Hilton School of Hotel and Restaurant Management. While at the Conrad Hilton School, he was on the dean’s list and minored in Beverage Marketing and Management. Additionally, he was President of the Bauer Graduate Real Estate Club and a student representative on the University of Houston’s Real Estate Executive Advisory Board.

Of Townsend’s appointment, Meyer-Nelson says, “I love finding young talent, nurturing it, planting the seeds for them to succeed and watching them thrive. In Thomas’ time at Richland, I have certainly enjoyed watching him grow and become a natural in the commercial real estate field.” She adds, “I look forward to seeing him develop into a seasoned real estate executive.”

Mitchell Covell comes to Richland with a vast real estate and sales and marketing background, having previously worked at Weingarten Realty Investors, specializing in leasing grocery anchored, power and lifestyle shopping centers in Texas, New Mexico, Arizona and Colorado; Zann Commercial Brokerage, Inc., focusing on commercial, office and retail units representing tenants, landlords, buyers and sellers as well as preparing and creating marketing materials; and Cornerstone Hardware & Supplies increasing sales consistently year over year.

As Director of Leasing, Covell will lead the Richland Leasing and Tenant Representation teams in marketing and leasing Richland’s 34-property portfolio and strategic third-party properties in Houston, San Antonio, Dallas and Nashville as well as representing clients locally, regionally and nationally in identifying locations and negotiating commercial leases in multiple markets across the United States. He holds a Bachelor of Business Administration from Baylor University and a Texas Real Estate Salesperson License.

“Mitchell’s sales and marketing background coupled with his real estate experience will be an asset for Richland, our investors, tenants and clients. We’re excited he is here and look forward to introducing him to the Richland family,” says Meyer-Nelson.

Additionally, Eric Brown and Patricia “Jill” Waggoner join Richland as Financial Analysts. Brown comes to Richland after stints at Citi-Labs and LBL Financial. He holds majors in Finance and Real Estate and a minor in Economics from Florida State University. While at FSU, he was Vice President of Phi Beta Lambda, a member of Alpha Kappa Psi Fraternity and a member of the National Association for Business Economics, where he served as co-chair of the fundraising committee. In 2013, he took 3rd and 4th place in the nation at the Phi Beta Lambda National Conference presenting on financial concepts and emerging business issues, specifically the economic ramifications of corporate tax. Waggoner arrives at Richland after holding positions at Confidential Texas, Johnson Development Corp. as well as owning and operating a small multi-family apartment complex.

Finally, Virginia “Ginny” Meriwether joins the Richland team as office manager and receptionist. Meriwether will assist in office manager duties of all three Richland offices and be the first impression clients, tenants and investors receive of Richland both in person and on the phone. She comes to Richland after spending time at Sonangol Hidrocarbonetos USA, AT&T and with Entrepreneur John R. Rush.

Of the new hires, Meyer-Nelson states, “I’ve said this several times over the last few months, Richland is gearing up for rapid growth within the next five years and it is essential that we staff up with the proper people to lead us into that expansion. We are thrilled to welcome each and every one of these talented professionals to the Richland family and look forward to sharing our evolution with them.”

“Britta Clayton joined Richland in 2015 as a Property Manager and quickly showed that she had the tenacity and talent Richland seeks in its executives. We are proud to reward that hard work with her recent promotion to Senior Property Manager,” says Meyer-Nelson.

In her role as Property Manager for The Richland Companies, Britta oversees the day-to-day operations across Richland’s Houston, San Antonio, Dallas and Nashville portfolio, with responsibilities including managing monthly expenses, ensuring the quality and on-time completion of repairs and maintenance, in addition to fulfilling tenant requests and maintaining each property’s pristine condition. She will now report to the President and CEO.

Clayton brings a wealth of real estate knowledge to The Richland Companies, having previously worked with firms such as Jones Lang LaSalle, Coldwell Banker, CB Richard Ellis, Anchor Development and RE/MAX in various capacities including property management, leasing and marketing. Additionally, her experience as a volunteer leader in the Family Readiness Group for the 3d Signal Brigade, III Corps in Fort Hood, where she received the Yellow Rose of Texas Award for outstanding volunteer services from Governor Rick Perry, offers Richland’s clients a recognized leader with exceptional customer service skills.

The second promotion at Richland is that of Donna Spell, office manager, who will take on the additional responsibilities of Executive Assistant to the President and CEO as well as the Chairman of the Board. Donna has been with Richland for thirteen years, where she has handled all aspects of all three Richland offices including, IT, human resources, travel and personal air travel. Meyer-Nelson says of Spell, “Donna has been instrumental in making Richland run smoothly on a day-to-day basis and I am delighted to reward her loyalty and hard work with this promotion. She certainly has earned it.”

The Richland Companies Acquires Lakes on Eldridge Centre Retail Complex

 Lakes on Eldridge Centre Retail Complex Becomes Richland’s Foray into the Energy Corridor 

(Houston, TX – January 27, 2016) The Richland Companies 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.”

Lakes on Eldridge Centre has five entrances, two monument signs, and is the only center located at this intersection. Surrounded by multiple high-end master planned communities, the center offers neighbors a diverse tenant base from child care to restaurants including Dr. Shirazo Dentist office, West Houston Animal Clinic, Professional Dry Cleaners, Tiny Treasures Child Care, Houston Faith Church, Edward Jones & Company Financial Planning, 1st Community Credit Union, U Break I Phix, Rose’s Nails, Hair & Skin Care as well as several restaurants such as China Village Restaurant, Subway, New Sweet Donuts, Palio’s Pizza & Italian Grill and Palio’s Breakfast Concept. The complex maintains a 95% occupancy rate.

“2016 is off to a great start for Richland and we have a lot of exciting things in the works. We are gearing up for rapid growth within the next five years. The Lakes on Eldridge acquisition begins this year on our pathway to the numerous real estate transactions we anticipate in the near future. We’re thrilled to begin the year with news of expansion from our new headquarters,” says Meyer-Nelson. “The future looks bright for Richland,” she adds.

Lakes on Eldridge Centre becomes Richland’s fourteenth property in Houston, marking 1.8 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 34 properties in four states throughout the Southwestern United States.

The Richland Companies Announces Two New Hires in Houston Office

(Houston, TX – August 20, 2015) The Richland Companies recently announced two new additions to their Houston office, Britta Clayton as Property Manager and Lesley Howes as Executive Assistant to the President and CEO.

As Property Manager for The Richland Companies, Britta joins the Richland Property Management division, overseeing the day-to-day operations across Richland’s Houston and Nashville, TN portfolio, with responsibilities including managing monthly expenses, ensuring the quality and on-time completion of repairs and maintenance, in addition to fulfilling tenant requests and maintaining each property’s pristine condition. Clayton’s direct supervisor, Mickey Meyer-Sturgis, is Vice President of Leasing and Redevelopment and Director of Construction Management for The Richland Companies. “The addition of Britta as a property manager is a sign of the ongoing expansion Richland is going through and she is a welcome addition to our team. Her diverse background in real estate marketing, leasing and property management will benefit Richland, our investors and our tenants as we continue to grow,” says Meyer-Sturgis.

Clayton brings a wealth of real estate knowledge to The Richland Companies, having previously worked with firms such as Jones Lang LaSalle, Coldwell Banker, CB Richard Ellis, Anchor Development and RE/MAX in various capacities including property management, leasing and marketing. Additionally, her experience as a volunteer leader in the Family Readiness Group for the 3d Signal Brigade, III Corps in Fort Hood, where she received the Yellow Rose of Texas Award for outstanding volunteer services from Governor Rick Perry, offers Richland’s clients a recognized leader with exceptional customer service skills.

Lesley Howes comes to The Richland Companies with a diverse background. Prior to moving to Houston and joining Richland, she was an Assistant Trainer with Randy Bradshaw Breaking and Training, where she oversaw multi-million dollar equine assets through various stages of training for careers on the racetrack. She also worked with Dr. Dave Lambert of Equine Analysis as Technical Assistant and served as Manager of Delaney Farm. Before becoming ingrained in the equestrian industry, she spent several years in the Health and Fitness business as owner of Crosby St. Studio, Athletic Director at Barney’s New York and as a personal trainer at David Barton Gym in New York and Miami. Howes studied English and Theater at Dalhousie University in Nova Scotia, Canada and Theater at New York City’s Neighborhood Playhouse School of Theater. While in Florida, she spent her spare time volunteering at Hospice of Palm Beach County. Lesley looks forward to becoming involved in the Houston charitable community as well.

Richland Property Management enhances the value of the Richland portfolio by keeping daily operations and property grounds in peak condition. The Richland Companies’ team has over 25 years of expertise in retail, industrial, office, and office/flex management.

The Richland Companies Acquires 550 Post Oak Boulevard and Announces Plans for Extensive Renovations and Tenant Amenities

 This Will Become Richland’s New Corporate Headquarters

(Houston, TX – July 22, 2015) The Richland Companies announced today the acquisition of 550 Post Oak. Located at 550 Post Oak Boulevard in the prestigious West Loop submarket, 550 Post Oak will become Richland’s new corporate headquarters, which was previously located at Memorial Post Oak.

“We’re excited about this boutique office property and our corporate relocation. 550 Post Oak marks a new chapter in Richland’s continued growth.” says Edna Meyer-Nelson, President and CEO of The Richland Companies. “As we continue to acquire properties throughout the Houston metropolitan area and the surrounding submarkets, it makes sense for us to move to a more central location which has easy access to 610, 59 and I10 and close proximity to all of our properties throughout Houston.”

The 53,872 square foot, 6-story, brick-clad building sits on the northeast corner of Post Oak Boulevard and Post Oak Park, which is known for its tree-lined streets and “neighborhood” feel. 550 Post Oak sits on approximately one acre of prime real estate in the heart of Houston’s Galleria and Uptown areas. The multi-tenant property offers tenants secure, card-key access, onsite management as well as podium-style parking. Additional amenities will include a gym/work out facility available to tenants along with onsite car washing services, laundry and dry cleaning pickup, gourmet food trucks twice a week and multiple high-end services.

Meyer-Nelson, continues, “We plan on an elaborate $1.5 million dollar redesign of the exterior of the building adding a new skin and façade designed by Goldman Design and Perry Harrell out of Chicago and Houston respectively. We are eager to debut the new exterior once plans are completed. This boutique property is going to become a showcase office building in the heart of Houston’s West Loop submarket.”

Richland plans on taking occupancy in September with the exterior transformation beginning shortly thereafter.

550 Post Oak becomes Richland’s fourteenth property in Houston, marking 1.7 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 34 properties in four states throughout the Southwestern United States.

Some other notable properties owned and managed by Richland in Houston include Bay Plaza Office Complex, Beltway 8 Service Center, Cedarstone One, Deerbrook Corner, Fairmont PH Business Park, Raton Plaza and Westbridge Plaza.

The Richland Companies Acquires Fairmont PH Business Park in Houston, Texas

The Fairmont Purchase Expands Richland’s Footprint into Houston’s Premiere Southeast Submarket

(Houston, TX – April 29, 2014) The Richland Companies announced today the acquisition of Fairmont PH Business Park located at 11810 Fairmont Parkway and 13501 Bay Area Boulevard in the submarket of southeast industrial for an undisclosed amount.  Bounded by Fairmont Parkway and Bay Area Boulevard, Fairmont PH is directly parallel to the Port of Houston, Barbour’s Cut and Bayport Container Terminal with easy access to I-45, Sam Houston Tollway and Highways 146 and 225.

“Fairmont PH provides Richland access to a high barrier of entry market in an exceedingly desirable location due to the expansion of the Panama Canal reopening and Houston Ship Channel enlargement. With its close proximity to the Port of Houston, it is a critical locale for energy and engineering companies which are driving Houston to become the next gateway city,” says Edna Meyer-Nelson, President and CEO of The Richland Companies.

Fairmont PH Business Park is a two building complex on 4.94 acres comprising 66,654 square feet of prime industrial real estate in the heart of one of Houston’s premier submarkets. Built in 2008, this multi-tenant, state-of-the-art, tilt-wall business park offers 28’ clear height, dock high loading capabilities and ample parking.

“I’m excited about the buzz surrounding what the Port of Houston is going to do in the next 15 months and how it’s going to play a major role in the growth of not just Houston, but the entire Gulf Coast area,” says Meyer-Nelson. “With Fairmont, we’re in the hub of all of the activity and couldn’t be happier to be a part of the progression in this area,” she continues.

Fairmont PH becomes Richland’s thirteenth property in Houston marking 1.6 million square feet of owned and managed commercial real estate property in the market. Richland will assume management responsibilities of the property, as it does with its entire portfolio of 33 properties in four states throughout the Southwestern United States.

Meyer-Nelson adds, “There is a lot of momentum in Houston and with this acquisition we now have a stake in each of the hotspots seeing exceptional growth in and around this electrifying metropolitan area. It is key to our overall growth strategy and we will continue to invest further as we find quality assets in prime locations throughout the market.”

Fairmont PH Business Park is currently 100% leased to four tenants including Worley Parsons, Orr Safety, GSA and Coastal HVAC Supply.

Other notable properties owned and managed by Richland in Houston include Bay Plaza Office Complex, Beltway 8 Service Center, Cedarstone One, Deerbrook Corner, Memorial Post Oak, Raton Plaza and Westbridge Plaza.

Jeffrey “Chase” Wortham Joins The Richland Companies as Asset and Property Manager

(Houston, TX – July 8, 2013) The Richland Companies announced today that Chase Wortham has joined their Houston office as an Asset and Property Manager. Wortham comes to The Richland Companies upon graduating from Texas A&M University.  Prior to graduation, Wortham interned at Hometrust Mortgage Co. and The Richland Companies, where he participated in the Richland training program. Through Richland’s trainee program, Chase assisted executives in executing due diligence for property acquisitions; reviewing lease contracts, estoppels and SNDA’s; creating annual budgets for Richland’s 29 properties; performing property inspections and processing payables/receivables; managing work orders and certificates of insurance; managing tenant relationships; as well as  reviewing and assisting with financial statements.

“While working at Richland and completing our training program, Chase did a stellar job, had a great rapport with our tenants and we are thrilled to have him here full time,” says Edna Meyer-Nelson, President and CEO of The Richland Companies. She adds, “He is a welcome addition to the Richland family.”

As property and asset manager for The Richland Companies, Chase will oversee the day-to-day operations across Richland’s 29-property portfolio with responsibilities including ensuring the quality and on-time completion of build-outs, repairs and maintenance, as well as fulfilling tenant requests and keeping each property in pristine condition.

Wortham graduated from Texas A&M University where he majored in Finance at the Mays Business School and received a Bachelor of Business Administration degree. He is a member of FMA (Financial Management Association.)

Ryan L. Smith Joins The Richland Companies as Tenant Representative

(Houston, TX – August 21, 2012) The Richland Companies announced today that Ryan L. Smith has joined their San Antonio office as a Tenant Representative. Smith comes to The Richland Companies from Magi Real Estate Services. Prior to that, Smith served in the United States Marine Corps, where he received numerous accolades. In his role as tenant representative, he is responsible for marketing and leasing Richland and third-party properties as well as representing clients locally, regionally, nationally and internationally in identifying locations and negotiating commercial leases in multiple markets across the United States. He holds a BBA in real estate finance and development as well as a minor in marketing from the University of Texas San Antonio. “Ryan’s real estate background combined with his decorated leadership skills in the United States Marines Corps will bring a knowledgeable and demonstrated leader to Richland and our clients,” says Mickey Meyer-Sturgis, Vice President of Leasing and Redevelopment.

The Richland Companies Acquires Bay Plaza Office Complex in Houston, TX

The Bay Plaza Purchase Further Expands Richland’s Reach into Houston’s Growing Submarkets

(Houston, TX – August 1, 2012) The Richland Companies announced today the acquisition of Bay Plaza Office Complex located at 711 West Bay Area Boulevard for an undisclosed amount. Strategically located in the heart of Webster, off I-45 between downtown Houston and Galveston, it also offers close proximity to NASA, Pasadena and the Houston Ship Channel as well as Hobby and Bush International airports.

“Richland has always been committed to investing in high-quality, well-located properties across the Southwestern United States and the addition of Bay Plaza to our Houston portfolio is a perfect fit with our ongoing strategy,” says The Richland Companies’ President and CEO Edna Meyer-Nelson. Meyer-Nelson continues, “With Houston’s continued growth, it makes sense to grow with the city and go where the businesses are headed. We’re looking forward to being a part of the budding Webster community, which is already home to over 2,200 businesses.”

The 104,091 square foot office building sits on 4.7 acres with an additional adjacent .89 acres for future development. Built in 1982 and recently renovated in 2009, this six-story open-atrium building features glass-backed elevators and balconies on each floor overlooking the sun-swept lobby, a conferencing facility, card-key access, manicured landscaping and onsite management, which will be assumed by The Richland Companies, as are all of their properties.

Currently 89% leased with tenants including: British Petroleum (BP), San Jacinto College, Blue Moon Detective Agency, Hometrust Mortgage, Broadpoint, Texan Bank, Evergreen Tank Solution, MeCor and Select Medical, Bay Plaza is the twelfth property in Richland’s Houston portfolio marking 990,000 square feet of owned and managed commercial real estate in Houston.

Epi Suarez Joins The Richland Companies

Suarez to Oversee Facilities Management from San Antonio Office

(Houston, TX – January 31, 2011) The Richland Companies announced today that Epi Suarez has joined their San Antonio office as a maintenance engineer. Suarez brings more than 25 years’ experience in facility management to The Richland Companies. Prior to joining The Richland Companies, he served in the U.S. Army where he earned certification and held various positions in areas such as HAZMAT, nuclear surety, noncommissioned officer (NCO), physical security, operations sergeant, assistant inspector general and maintenance technician.

“Epi’s vast experience with electrical, plumbing and structural engineering as well as his 25 year training as a noncommissioned officer in the U.S. Army serves to make him a very knowledgeable maintenance engineer,” says Edna Meyer-Nelson, President and CEO of The Richland Companies. Meyer-Nelson adds, “His background as an operations sergeant and assistant inspector general brings an exceptional leader to The Richland Companies and we are delighted to welcome him to the Richland team.”

Suarez currently lives in San Antonio, Texas where he is a member of the Army Career Alumni and Men’s Senior Baseball Club.

The Richland Companies Announces Hudson Peters To Be Exclusive Leasing Agent in Dallas

(Houston, TX – December 15, 2010) The Richland Companies and Hudson Peters celebrated the announcement of their new Dallas partnership by hosting an open house at The Richland Companies’ property, Royal Jetstar, located at 4040 Royal Lane and giving a new IPad to one lucky winner. Over eighty-five brokers attended to hear The Richland Companies’ President and CEO, Edna Meyer-Nelson announce Hudson Peters was chosen as their exclusive leasing agent representing Richland’s four Dallas properties including Royal Freeport located at 4343 Royal Lane, Gateway West located at 2901 Gateway Drive and Gateway South located at 6025 Commerce Drive. “Hudson Peters’ reputation and philosophy of doing business is a perfect fit for The Richland Companies,” says Meyer-Nelson. She adds, “We searched for a company that operated under the same principles as Richland and we found that in Hudson Peters. We look forward to a long and prosperous relationship with them.” Also on hand for the celebration were The Richland Companies’ Mickey Meyer-Sturgis, Vice President of Leasing and Redevelopment and Michelle Kirsch, Vice President Acquisitions and Property Sales, along with Hudson Peters’ Michelle Hudson, Cincha Kostman and Greg Fail, winner of the new IPad.

Elisabeth Niles Joins The Richland Companies’ San Antonio Office

The Richland Companies Continues to Expand San Antonio Office

(Houston, TX – November 17, 2010) The Richland Companies announced today Elisabeth Niles has joined their San Antonio office. “San Antonio has always been an important market for Richland and we will continue to build our office there to meet our client’s needs.” says Mickey Meyer-Sturgis, Vice President of Leasing and Redevelopment. She adds, “Elizabeth’s talent and experience will be a huge asset for Richland and our clients.”

Niles joins The Richland Companies’ San Antonio office from Emerald Realty, LC, where she worked in Tenant Relations as a Senior Leasing Associate and Property Manager as well as Director of Marketing. As Senior Leasing Associate and Property Manager, she was responsible for overseeing the commercial leasing department, 17 properties and all tenant relations including new leases, lease renewals, tenant relocations as well as tenant improvements and property enhancement. In her role as Director of Marketing, she oversaw property marketing and advertising campaigns and promotions for 22 properties. She is a licensed real estate broker and holds a BS degree from the University of North Texas.

Niles brings years of experience to Richland’s tenant representation, property management and leasing teams. She is responsible for marketing, leasing and managing Richland’s 10-property San Antonio portfolio representing over 820,000 sq ft including West Loop II, West Tech One Business Park, Northwest Business Park, East Ramsey, Potranco Plaza, Rector Plaza and The Tower at Boerne. Additionally, she will manage synergistically-located third-party properties as well as represent clients locally, regionally, nationally and internationally in identifying locations and negotiating commercial leases in multiple markets across the United States.

Andy Carey and Roy Elengical Join The Richland Companies as Tenant Representatives

The Richland Companies Continues to Expand Tenant Representation Division

(Houston, TX – September 29, 2010) The Richland Companies announced today Andy Carey and Roy Elengical have joined their Houston office as Tenant Representatives. “In this competitive market, it is essential to have the best people in place for our clients,” says Mickey Meyer-Sturgis, Vice President of Leasing and Redevelopment. Meyer- Sturgis adds, “We are thrilled to add Andy and Roy to the Richland family and will continue to build our tenant representation force in all of our markets to serve our clients’ needs.”

Carey joins The Richland Companies Houston office from Marcus & Millichap, where he was an associate for the National Office and Industrial Properties Group, providing advisory services to commercial real estate owners. Previously he held positions at Ernst & Young, Credit Based Asset Servicing & Securitization, Redwood Trust, Standard & Poor’s and JPMorgan Chase. He graduated from The University of Texas with a major in Economics and a minor in Business Administration. He holds a Texas Real Estate License and is a member of CAIA and CCIM.

Before joining The Richland Companies Houston office, Elengical was a Senior Leasing Associate at Senterra Real Estate Group, LLC and held positions at Hartman Income REIT and World Financial Group, a division of Aegon, where he received numerous awards and accolades. He began his career at Shell Oil Trading Company. Elengical received a BBA in Finance with a minor in Economics from the University of Houston. Additionally, he holds a Texas Real Estate Broker’s License.

Carey and Elengical combined bring 19 years of leasing and tenant representation experience to Richland’s Tenant Representation team. They are responsible for marketing and leasing Richland’s 30-property portfolio as well as third-party properties and representing clients locally, regionally, nationally and internationally in identifying locations and negotiating commercial leases in multiple markets across the United States.

John R. Ray III Joins The Richland Companies

Richland Expands Asset and Property Management Division

(Houston, TX – June 7, 2010) The Richland Companies announced today the addition of property manager John R. Ray III to the Richland Asset and Property Management division. As property manager for The Richland Companies, Ray will oversee the day-to-day operations across Richland’s 30-property portfolio with responsibilities including ensuring the quality and on-time completion of build-outs, repairs and maintenance, as well as fulfilling tenant requests and keeping each property in pristine condition. He will report to Mickey Meyer-Sturgis, Vice President of Leasing and Redevelopment and Director of Construction Management. “John is a welcome addition to Richland. His diverse background in real estate marketing, environmental safety and property management will benefit not only Richland, but all of our clients as well,” says Meyer-Sturgis.

Prior to joining The Richland Companies, he served as a project manager for TransTeq Environmental Solutions; property manager for the Richdale Group’s Village on the Parkway apartment complex, where he received numerous awards for increasing occupancy, cash flow and revenue; and project manager for Richdale’s Houston-area Hurricane Ike Restoration project. “With reports of one of the busiest hurricane seasons descending upon us, his experience with Hurricane Ike will be a huge asset. Of course, we hope we do not need to utilize that skill set, but it will be invaluable to have it if the need arises,” adds Meyer-Sturgis.

Ray attended Menlo College where he majored in Public Relations. In addition, he is certified in finance, law of contracts, law of agency and principles of real estate by the Austin Institute of Real Estate. Ray currently resides in Houston, Texas where he is an active Habitat for Humanity volunteer and a member of the Surfrider Foundation.

Richland Property Management enhances the value of the Richland portfolio by keeping daily operations and property grounds in peak condition. Our team has over 25 years of expertise in retail, industrial, office, office/flex and condominium association management.

The Richland Companies Expands Tenant Representation Division

Ruengwit (Jay) Potikasame Joins The Richland Companies as Tenant Representative

(Houston, TX – May 13, 2010) The Richland Companies announced today that Jay Potikasame has joined their Houston office as a Tenant Representative. Potikasame comes to The Richland Companies after holding positions at Texan Appraisal as a property inspector and Keller Williams, where he was a real estate agent. In his role as tenant representative, he is responsible for marketing and leasing Richland properties as well as third-party properties and representing clients locally, regionally, nationally and internationally in identifying locations and negotiating commercial leases in multiple markets across the United States. He holds an Associate Degree from Houston Community College and is currently obtaining his Bachelor’s Degree from the University of Houston. Additionally, he holds a Texas Real Estate Sales License. “We are continuing to build our tenant representation force and welcome Jay into the Richland family,” says Mickey Meyer-Sturgis, Vice President of Leasing and Redevelopment. “He will be a huge asset for Richland and our clients,” she adds.

Richland Investments, Inc. Leases 14,849 Sq Ft to AVI-SPL for Houston Office Relocation

Deal Marks 100% Occupancy for Beltway 8 Service Center and 92% for Houston Portfolio

(Houston, TX – April 26, 2010) The Richland Companies announced today the closing of a 14,849 sq ft lease to relocate the Houston office of AVI-SPL, the largest global integrator of audio visual and video conferencing systems and services, to Beltway 8 Service Center. “We are delighted to welcome AVI-SPL to the Richland family and look forward to a long and prosperous partnership with them,” says Mickey Meyer-Sturgis, Vice President of Leasing for The Richland Companies. The now fully leased Beltway 8 Service Center, an 87,260 sq ft office/service/warehouse property located at 11275 & 11375 West Sam Houston Parkway, is one of 14 prime retail, office, industrial, and flex properties owned and managed by The Richland Companies in the Houston area.

Despite the recent downturn in the commercial real estate market, The Richland Companies’ innovative approach to leasing has sustained an overall occupancy rate of 92% for the Houston portfolio. “Our philosophy has always been to treat tenants as partners and offer flexibility to suit their needs. This has helped us maintain our occupancy rates not just in Houston, but across all of our markets, even in this economic climate. Having a diverse collection of well-maintained, premium commercial properties in highly accessible locations does not hurt either,” adds Meyer-Sturgis. Additional Richland owned and managed properties in the Houston area include Cedarstone One Business Park, Deerbrook Corner, Raton Plaza Shopping Center, Westbridge Plaza Shopping Center, Westhollow Industrial Park, West Loop IV, and West Loop V, among several others.

Mickey Meyer-Sturgis and Kyle Geary represented landlord Richland Investments, Inc., a division of The Richland Companies, and tenant AVI-SPL was represented by Co-brokers Jimmy P. Garvey and Lara Sieder with CLW Real Estate Services Group in Tampa, Fla., and Bruce Thomas with Yancey-Hausman in Houston.

This transaction brings Meyer-Sturgis’ total to-date 2010 leases to more than 109,000 sq ft, including 40,000 sq ft leased in April alone.

Richland Commercial Mortgage Closes $4.5 Million Real Estate Loan

(Houston, TX – April 13, 2010) Richland Commercial Mortgage announced today the arrangement of a $4.5 million loan for the refinancing of Memorial Post Oak Centre, owned by MPO Centre Investors, Ltd. and located at 1110 North Post Oak Road in Houston. The 76,763-square-foot office-flex property is the corporate headquarters of The Richland Companies. Angie Steadman, President of Richland Commercial Mortgage, co-brokered the loan with Bill Haley of NorthMarq Capital’s Houston office through lender Symetra Life Insurance Company.

This follows closely on the heels of a $1.5 million refinance secured for Grassmere Business Center, LLC. in Nashville, Tennessee’s Grassmere Business Park, bringing Richland Commercial Mortgage’s closings over the last three years to more than $117 million. “In this market, refinancing can offer new opportunities for long term strategies,” says Steadman. “We fully seek to optimize terms for favorable growth for The Richland Companies as well as our clients,” she adds. Richland Commercial Mortgage offers a variety of commercial lending options for Richland properties as well as third-party partners.

Commercial Real Estate Veteran Lisa Spalding Joins The Richland Companies’ San Antonio Office

(Houston, TX – April 12, 2010) The Richland Companies announced today that Lisa Spalding will join their San Antonio office. Spalding brings more than 15 years’ experience in commercial real estate to The Richland Companies. She joins Richland with a vast knowledge of the San Antonio market, having held various positions in property management, leasing, maintenance administration and inspections supervision at companies such as MSG Management Company, Barshop-Oles Real Estate Company, ProComm Management Co., REOC Partners, Ltd. and Woodstone Oaks Business Park, Ltd. “Lisa’s stellar leasing and property management skills will be a valuable asset to Richland Leasing and Richland Property Management,” says Mickey Meyer-Sturgis, Vice President of Leasing and Redevelopment. Meyer-Sturgis adds, “We are delighted to have Lisa join the Richland team.”

Spalding is a member of BOMA, where she served as a board member for two terms, and holds a Texas Real Estate Sales License, accounting/bookkeeping certification from the Institute of Real Estate Management as well as a CMCA Designation from the Community Associations Institute. She works with numerous charitable organizations including Children’s Shelter of San Antonio, Boy Scouts of America, San Antonio Youth Literacy and San Antonio Botanical Gardens. Additionally, she has received a Master Gardener Certification from Texas A&M Extension Office.

Richland Leasing handles and oversees all of the leasing for The Richland Companies properties. Richland Property Management ensures the day-to-day operation and continuous upkeep of every property in the Richland portfolio with services including build-out and maintenance.

Richland Commercial Mortgage Secures $1.5 Million Real Estate Land Loan for Grassmere Business Center, LLC

(Houston, TX – March 9, 2010) Richland Commercial Mortgage has secured the arrangement of a 3 year, $1.5 million dollar real estate land loan for Grassmere Business Center located at 652 Grassmere Park Road in Nashville, Tennessee. Angie Steadman, President of Richland Commercial Mortgage and based in Houston, Texas, obtained the loan with a local Nashville bank for the 3.5 acre property, which is the only remaining piece of land in the Grassmere Business Park. The property is fully leased to T-Mobile.

Richland Commercial Mortgage offers a variety of commercial lending options for Richland properties as well as third party properties. In the last two years, Richland Commercial Mortgage has closed in excess of $111 million in loans.

The Richland Companies Acquires Gateway South in Dallas/Ft. Worth

Gateway South Marks the Thirtieth Property Added to Richland’s Portfolio

(Houston, TX – December 14, 2009) The Richland Companies announced today, the acquisition of Gateway South. Gateway South becomes the fourth property in Richland’s Dallas/Ft. Worth portfolio totaling 313,272 square feet of owned and managed commercial real estate property in the Dallas/Ft. Worth market. It marks Richland’s thirtieth property nationally comprising almost 2 million square feet of owned and managed commercial real estate property and further solidifies The Richland Companies commitment to invest in high quality, well-located properties across the Southwestern United States. Richland will assume management responsibilities at the property, as it does with its entire portfolio.

“It was a natural fit given its proximity to Gateway West II, another property in our inventory” says Edna Meyer-Nelson, President and CEO of The Richland Companies.

The property is located in the heart of Las Colinas bounded by Gateway Drive and Commerce Drive. Gateway South is a single-story office/flex 78,195 square foot building sitting on 5.02 acres and maintains a 100% occupancy rate to a prominent host of tenants including: C3 Premedia Solutions, Numantra LP, LESCO Distributing, PremRock Drywall Services, Billor Marchine Tool Service, Federal Home Loan Bank, Pearson Education, Warner Construction, and JDC Enterprises, Inc. Michelle Kirsch, Vice President Acquisitions and Property Sales of Richland Investments, brokered the deal and represented The Richland Companies. Kirsch is based out of Richland’s Dallas office.

Other properties owned by Richland in the Dallas/Ft. Worth market include Gateway West II, Royal Freeport, and Royal Jestar. “Dallas/Ft. Worth is a key market in our investment strategy and we will continue adding additional assets to our portfolio as we find premium properties in prime locations throughout the Dallas/Ft. Worth market as well as across the Southwestern United States,” says Meyer-Nelson.

The Richland Companies Steps Up Activity in San Antonio

Mickey Meyer-Sturgis Leases 18,741 Square Feet at SA West Loop II

(Houston, TX – October 22, 2009) The Richland Companies announced today, Bulls Eye Beverage Company has leased 5,828 square feet at SA West Loop II. “We are thrilled that Bulls Eye Beverages has chosen SA West Loop II as their new corporate headquarters,” says Mickey Meyer-Sturgis, Vice President of Leasing for The Richland Companies. Meyer-Sturgis goes on to say “we’ve really seen a lot of movement in our San Antonio properties, especially SA West Loop II.”

In this transaction, The Richland Companies was represented by Mickey Meyer-Sturgis and Bulls Eye Beverage Company was represented by Sandra Vejara, CEO and Jay Aguilar, COO. This location will serve as Bulls Eye’s corporate office and main distribution center in San Antonio. Owned and managed by The Richland Companies, SA West Loop II is a seven building office/service-center development totaling 168,953 square feet located at 5407-5419 Bandera Road in the Northwest submarket of San Antonio.

In San Antonio, The Richland Companies owns and manages 509,587 square feet of retail, office, office flex, and office/warehouse space. San Antonio properties in the Richland portfolio include: SA West Loop II, West Tech One Business Park, Northwest Business Park, 300 Ramsey Place, Potranco Plaza, Rector Plaza, and The Tower at Boerne.

Edna Meyer-Nelson, President and CEO of The Richland Companies says, “San Antonio has always been and will continue to be a key market in our investment strategy.” Meyer-Nelson adds, “We could not be happier with our presence in San Antonio – a market that is really heating up for us, in SA West Loop II alone, we have leased 18,741 square feet of space in the last three months, we are expanding our San Antonio office and looking to add additional assets to our San Antonio portfolio as we find premium properties in prime locations.”