HOUSTON-British Petroleum has signed a short-term lease renewal for 92,000 square feet at Younan Properties Inc.’s Two Westlake Park in the Energy Corridor. The lease is one of the largest deals the Woodland Hills, CA-based owner has signed this year, according to Chairman and CEO Zaya Younan.

In total, Younan Properties has leased more than 320,000 square feet of office space in its Houston portfolio so far this year. Currently, the firm’s 11 building portfolio is more than 88% occupied, a 1.5% increase from the beginning of the year, Younan notes.

“Houston has weathered the recession far better than other markets in the country – it is not as weak as the rest of the nation,” Younan tells GlobeSt. “We see Houston market stabilizing faster than other markets as we come out of the recession. We think the market has bottomed.”