Monday, October 1, 2007

Big Sale in Houston's Energy Corridor

Younan Takes Two Westlake Park

Firm Adds Another 377,077-SF Office Property to Houston Portfolio

Younan Properties Inc. completed its acquisition of Two Westlake Park office building at 580 Westlake Park Blvd. in Houston, which brings its Houston's office portfolio to approximately 1.7 million square feet of space. The firm is on track to become a dominant office landlord in Houston. Built in 1982, the 17-story office building totals 377,077 square feet on 5.37 acres and is 11 miles northwest of the Galleria and 16 miles west of downtown Houston. Although the current sales price is undisclosed, the Class A property sold for $43 million back in 2000. Ken Page of Cushman & Wakefield of Houston represented the seller, CMD Realty Investors. Younan Properties represented itself. For more information see www.houstonrealtyadvisors.net or www.houstonrealtyadvisor.com