Montelongo Companies, Inc., Buys 75,000 SF Northchase Place

HOUSTON–Armando Montelongo Companies, Inc., has purchased Northchase Place, a 75,000 square foot class B office building located at 13700 Veterans Memorial in Houston. The new asset increases the company’s commercial real estate portfolio to 160,000 total square feet.

Montelongo Companies identified Northchase Place as a value-add property within the commercial real estate sector, purchasing the asset for $26 per square foot. Armando Montelongo, CEO/founder of Armando Montelongo Companies, is one of America’s most successful residential investors, buying and renovating residential properties as profitable investments. He has recently expanded his focus to identify commercial properties that are strategically positioned for generational wealth creation.