{"id":1004548302,"date":"2021-01-22T05:01:00","date_gmt":"2021-01-22T13:01:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004548302"},"modified":"2022-12-08T08:53:12","modified_gmt":"2022-12-08T16:53:12","slug":"transwestern-lands-major-leasing-assignment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwestern-lands-major-leasing-assignment\/","title":{"rendered":"Transwestern Lands Major Leasing Assignment"},"content":{"rendered":"<div id=\"attachment_1004548305\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Two-Westlake-Park.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004548305\" data-attachment-id=\"1004548305\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/transwestern-lands-major-leasing-assignment\/two-westlake-park-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Two-Westlake-Park.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Two Westlake. Image courtesy of Transwestern\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Two Westlake. Image courtesy of Transwestern&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Two-Westlake-Park.jpg?w=800\" class=\"wp-image-1004548305 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Two-Westlake-Park.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Two-Westlake-Park.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Two-Westlake-Park.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Two-Westlake-Park.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004548305\" class=\"wp-caption-text\">Two Westlake. Image courtesy of Transwestern<\/p><\/div>\n<p>Younan Properties has selected Transwestern to oversee the leasing efforts for Two Westlake, a 454,843-square-foot office property in Houston\u2019s Energy Corridor submarket. The brokerage team includes Executive Vice President Michelle Wogan, Vice President Evelyn Ward, and Senior Associate Paula Musa.<\/p>\n<p>Located on 5 acres at 580 Westlake Park Blvd., the 17-story tower was built in 1982 and renovated in 2014, according to CommercialEdge data. In 2019, the property received LEED Gold certification. Two Westlake has eight passenger elevators, a conference room, a fitness studio with lockers and showers, a full-service deli and a caf\u00e9.<\/p>\n<p>The building has several floors that are move-in ready. The owner will also renovate the top two floors, according to Zaya Younan, CEO of Younan Properties. Moreover, the capital improvement plan will include upgrades to the common areas and the addition of a tenant lounge. Construction work for the renovation has already begun and is scheduled to wrap up by the end of May.<\/p>\n<p>Younan Properties <a href=\"https:\/\/www.cpexecutive.com\/post\/younan-properties-buys-houston-trophy-office-tower-again\/\">acquired the asset last December<\/a> from Rialto Capital Management and financed the deal with a $36.2 million loan from Calmwater Capital, CommercialEdge shows. This was the second time the company bought the building: In 2007, the firm purchased the asset from F.H. Prince and sold it four years later to KBS Realty Advisors for $80.5 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Working on behalf of Younan Properties, the firm will seek tenants for the largest block of Class A office space along Houston\u2019s Energy Corridor.<\/p>\n","protected":false},"author":867,"featured_media":1004548305,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747],"tags":[34126,36351,32779,33028,33313,33586],"class_list":["post-1004548302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","tag-calmwater-capital","tag-capital-improvement","tag-leed","tag-rialto-capital-management","tag-transwestern","tag-younan-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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