HOUSTON, TX, April 30, 2010
/24-7PressRelease/ -- 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.
G. W. Armstrong & Associates Public Relations and Advertising is a full service public relations and marketing agency. The firm has offices in Dallas, Houston, Austin, and New York.
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