Houston, Texas (PRWEB) September 18, 2014
Corinthian Real Estate, Inc., (Corinthian), a Houston-based real estate investment, development and management company, today announced its acquisition of The WestMont, a prime commercial property located in the diverse Montrose neighborhood at 3217 Montrose. The property, which will offer both retail and professional office space, adds a high-quality property to the firm’s growing portfolio of premier urban real estate assets.
“The building’s proximity to the cultural and business hubs of the city coupled with its unique architectural features make this acquisition an ideal addition to our portfolio,” said Brad Jones, CEO of Corinthian Real Estate, Inc. “Not only does it expand our footprint in central Houston, it is also aligned with our strategic goal to invest in vibrant urban communities where people want to both live and work. We look forward to contributing to the growing community of businesses and nightlife in the area.”
The two-story building, with approximately 17,000 square feet, sits at the corner of Lovett and Montrose, one half block south of the intersection of Westheimer and Montrose. It is conveniently located near Downtown Houston, the Texas Medical Center, the Museum District and is a short drive to the Galleria. The property is also walking distance from many of the most popular Houston restaurants and nightlife including: Underbelly, The Hay Merchant, Uchi and Anvil.
Corinthian plans to renovate the interior and exterior of the building and will seek out a variety of restaurant, medical and office tenants. Among the renovations planned, Corinthian will enhance the interior space, exposing the red brick walls beneath the plaster to reveal a sharper, industrial style. The renovation is expected to be complete by April 2015.
The acquisition builds on Corinthian’s success at six nearby apartment projects and the College Park Retail Center in The Woodlands.
ABOUT CORINTHIAN REAL ESTATE, INC.
Corinthian Real Estate, Inc. is a privately held real estate investment, development and management company headquartered in Houston, TX. Since its founding in 2008, Corinthian has achieved consistent success and profitability for its investors and partners. The Company’s portfolio includes retail, suburban offices, industrial business parks and multifamily projects within the greater Houston area. For more information on Corinthian Real Estate, Inc., visit http://www.corinthianre.com.