YoungWoo & Associates, a New York City-based, international real estate investment and development firm, has purchased the 535,000-square-foot Southwest Corporate Center in Houston, Texas.
The value of the transaction was not disclosed.
YoungWoo & Associates purchased the property from longtime partner, Angelo, Gordon & Co.
Southwest Corporate Center, located at 9700 Bissonnet, is a class A, two-story, atrium office property situated on 53 acres. The office space was 70 percent occupied at the time of sale by tenants that included United Healthcare, Enterprise Rent-A-Car and Corinthian College.
Formerly Westwood Technology Center, the property was originally Westwood Mall and was converted to office space in 2000.
The property includes a food court with two delicatessens and a coffee shop.
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