San Antonio, Texas February 27, 2012- Houston, Texas based Williams-Meridian Companies recently completed a successful trial of it’s upcoming real estate analytical platform using the firm’s extensive market data and geographic information systems (GIS) technologies for TierraStar Real Estate, a real estate brokerage, economic development and commercial development firm based in McKinney, Texas.
Using the company’s rapid-deployment capabilities, Williams-Meridian provided a comprehensive set of geospatial data, high resolution images, demographic and income overlays, and land mapping tools to TierraStar in conjunction with the firm’s robust financial analysis methods. Combining these elements into a customized platform, Williams-Meridian enabled TierraStar to shorten its real estate land acquisition advisory process significantly.
In a matter of only a few weeks after selecting Williams-Meridian, TierraStar was able to review virtually every individual land parcel in the entire San Antonio metropolitan statistical area, both privately-held and government-owned, relative to its demographic trending strength, site engineering capacity and financial viability from a return on investment (ROI) perspective. By using Williams-Meridian’s proprietary technologies, TierraStar was able to rely on superior information sets and market data, better advise its existing commercial real estate client after months of using traditional channels, and complete the company’s real estate brokerage services within a substantially shorter time. From initial project analysis to final cash closing on a large raw land parcel by the commercial real estate buyer, TierraStar completed its real estate services in only a few weeks using Williams-Meridian’s technologies.
Upon project completion the company’s President, Philip Williams, congratulated TierraStar by saying, "I believe that these technologies will play an integral part in what I sincerely hope is a lasting business relationship between Williams-Meridian and TierraStar, enabling your firm with a significant advantage over the big brokerage firms while we provide a level of service that far exceeds the traditional approach taken by them."
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.