The Richland Companies needed a new worldwide headquarters, and Founder, President and Chief Executive Officer Edna Meyer-Nelson was particularly interested in the Houston Galleria area. She entered a contract to purchase 550 Post Oak Boulevard—a 54,000-square-foot, six-story, brick-clad boutique office building located on one-acre of prime tree-lined real estate in the heart of the Galleria/Uptown areas.
Per the property’s listing, Jan Sparks of Transwestern’s Structured Finance Group contacted Meyer-Nelson to arrange the acquisition’s financing. Sparks then reached out to Patriot Bank's Rhonda Sands who agreed to provide financing for the acquisition and improvements. Recently rejoining the CREW Houston ranks, Angie Steadman of Veritas Title provided the property’s title insurance.
With the seller company located in China, this deal offered an opportunity for four CREW members to collaborate on a challenging but successful acquisition.
From left: Rhonda Sands, Green Bank (formally with Patriot Bank); Kristin Morgan, BKD, LLP, presented award; Edna Meyer-Nelson, The Richland Companies; Jan Sparks, Transwestern; Angie Steadman, Veritas Title Partners.
550 Post Oak Boulevard was named CREW Houston’s 2015 Networking Story of the Year, and marked the second consecutive year Sparks and Sands have shared this award. Recognized as the Houston Business Journal’s Inaugural C-Suite Best For-Profit CEO, Meyer-Nelson gives her time and energy to creating opportunities for CREW members to work and network together by crafting deals and projects that provide mutually-beneficial transactions.
CREW Houston members involved in this deal:
Founder, President and Chief Executive Officer
The Richland Companies
Senior Vice President - Commercial Real Estate
Executive Managing Director
Commercial Account Executive
Veritas Title Partners, L.P.
Vanessa Manners specializes in marketing and business development for Kimley-Horn and Associates, Inc. - one of the nation's premier planning and design engineering consultants. She is a member of CREW Atlanta and serves on the CREW Network Communications and Editorial Committee.
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