Younan continues Houston buying spree

Lands third office property since beginning of July

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Younan Properties Inc. recently purchased the Westchase Bank Building in Houston, Texas, as part of its goal to acquire 5 million square feet of class A space in the city by the end of the year. The property, whose purchase price was not disclosed, is an 11-story, 202,294-square-foot building at 9801 Westheimer Road. It was built in 1982. Locally based 9801 Westchase Ltd. sold the asset, which was 99 percent occupied at the time of sale to tenants that included engineering design firm URS Corp.; broadcaster Cumulus Media; and satellite TV service provider Direct Broadcast Satellite. Last month, YPI acquired 6464 Savoy in the deed-restricted Regency Square Office Park in southwest Houston and Northbelt Corporate Center, an institutional-grade, 10-story office property at 2350 North Sam Houston Parkway East. ...