HOUSTON-Younan Properties Inc. has paid about $77 million toclaim the 381,327-sf Two Westlake Park office building. According abroker involved with the transaction, Younan's acquisitions arereflective of a trend that will continue well into the fourthquarter.

As reported in recent weeks, Younan had planned to close on the98%-leased EnergyCorridor building at 580 Westlake Park Blvd. before themonth passed. The 17-story, class A building brings the buyer'sHouston holdings to 1.7 million sf. As for the seller, it is thelast asset in the city in a nationwide disposition by Chicago-basedWind Realty.

Zaya S. Younan, chairman and CEO of the Los Angeles-basedinvestment group, says more local assets will be put under contractin the next quarter. The target submarkets are the Energy Corridorand CBD. “We plan to buy three million sf in the next six months inHouston,” he says. “If we see the market fundamentals continuing togo forward, we'll continue buying assets.”