Retail Real Estate Development Project Recently Completed by Williams-Meridian Companies

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Millco Holdings Limited Co. recently engaged Williams-Meridian Co. to complete a comprehensive real estate development assessment for a 155 acre site near Lake Palestine in Texas. The first phase of the project is expected to add significant retail presence to the area followed by a second phase of housing development.

Williams-Meridian Companies, a Houston, Texas based real estate developer, has completed another successful retail real estate development consulting and advisory project.

Dallas-based Millco Holdings Limited Co. recently engaged Williams-Meridian on a sizable real estate development project related to a 155-acre raw land tract adjacent to Lake Palestine, which is owned by Millco Holdings. The retail development site is located near the Tyler, Texas Metropolitan Statistical Area (MSA).

For this real estate development project, Williams-Meridian performed an extensive real estate development assessment using its proprietary real estate GIS platform, advised Millco Holdings throughout the entire retail pre-development process, and completed yet another industry-leading real estate market study that aids other developers in their initial assessments of projects.

As part of Williams-Meridian's engagement, the Firm provided Millco Holdings with a custom retail development, restaurant market, and competitor evaluation with the sole purpose of determining the site's retail development potential and optimal building program within a very short timeframe. While working closely with Tyler, Texas based Adams Engineering, Williams-Meridian completed the entire retail project assignment within a matter of months.

Upon project completion, Philip Williams, CCIM reflected on the project by saying, "This development once again highlights the need for architects, engineers and real estate planners to work in tandem from the start. So our value proposition is different. In essence this concept we are presenting is one of mutual reinforcement, constant challenge and teamwork throughout the pre-development process. This has the tendency not only to solidify the entire real estate development process, but to accelerate it substantially. And we encourage this, as it absolutely can increase a developer's ROI the entire way."

Company Overview
Williams-Meridian Companies is a privately held, commercial real estate development firm providing creative, full-service solutions to its valued partners. Based in Houston, Texas, Williams-Meridian offers a wide range of commercial real estate services to clients across the nation, including real estate consulting, corporate real estate strategies, leading or co-developing projects, or providing joint venture equity on select real estate investments or development projects across all real estate asset classes.

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