Younan Properties Inc., a privately held real estate investment firm, has added two office buildings to its expanding Houston portfolio, the company said today.

Younan has acquired 1700 West Loop South in the Galleria submarket and Shepherd Place, just south of River Oaks in Houston. The value of the transaction was not disclosed.

Situated in Greater Uptown on Houston’s West Side, 1700 West Loop South is a 15-story office building completed in 1980, offering 253,135 square feet of class A space located along Loop 610 in the Galleria area.

The property was fully occupied at the time of purchase, and tenants include Christus Healthcare and Tulane University’s Houston campus.

Shepherd Place, a 14-story office building, is located at 2323 South Shepherd Street on the edge of River Oaks, an exclusive residential neighborhood in Central West Houston, slightly east of the Galleria area. Built in 1984, it contains 118,000 square feet and was 97 percent occupied at the time of purchase. Its largest tenant is the U.S. Customs office.

Younan Properties represented itself in the transactions. Dan Miller of Holliday Fenoglio Fowler, L.P. represented the seller, Chicago-based CMD Realty Investors.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription