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Younan Closes $77M Deal for 381,327-SF Office

HOUSTON-As promised, Younan Properties gets keys to Two Westlake Park, a class A office building in the Energy Corridor.

By Amy Wolff Sorter | Updated on September 26, 2007

HOUSTON-Younan Properties Inc. has paid about $77 million to claim the 381,327-sf Two Westlake Park office building. According a broker involved with the transaction, Younan’s acquisitions are reflective of a trend that will continue well into the fourth quarter.

As reported in recent weeks, Younan had planned to close on the 98%-leased Energy Corridor building at 580 Westlake Park Blvd. before the month passed. The 17-story, class A building brings the buyer’s Houston holdings to 1.7 million sf. As for the seller, it is the last asset in the city in a nationwide disposition by Chicago-based Wind Realty.

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