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Younan Sells Westchase Office Building to Fuller/Harbert

by Realty News ReportApril 11, 2014
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9801-Westheimer-largeHOUSTON  – Younan Properties has sold 9801 Westheimer, a 211,125-sf, Class A office building in Houston’s Westchase submarket.

The buyer was Fuller Realty Partners LLC and Harbert US Real Estate Fund V.

9801 Westheimer is located on the south side of Westheimer Road between Gessner and Elmside Drive close to the Sam Houston Tollway. The 11-story property is 86 percent leased and includes a 682-space, three-level parking structure.

The HFF investment sales team representing the seller was led by senior managing director Dan Miller and director Martin Hogan.

Younan Properties is a privately held real estate investment and management company, specializing in acquiring and managing Class A office properties and retail centers in strong growth markets throughout the United States including Dallas, Houston, Chicago, Los Angeles and Phoenix.

Fuller Realty Partners was established in 1979 and is a privately owned, full service commercial real estate firm headquartered in Houston, Texas.

Harbert US Real Estate Fund V is sponsored by Harbert Management Corp. HMC, together with its sponsored funds, has owned, developed and managed multifamily, office, industrial, retail and self-storage properties throughout the United States.

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