History
In less than a decade, Younan Properties has become one of the largest, private real estate firms in the US. The company's investment focus is to create value through strategically acquiring, redeveloping and repositioning high-quality office properties primarily located in major cities and high-growth office markets. Here are few of the milestones in Younan Properties history.
2002
- Younan Properties is founded by Zaya S. Younan. He began with a balance sheet of $100,000 and a clear vision to build a premier full-service, commercial real estate company.
- During the first year, the company acquired 10 office buildings in Los Angeles, Dallas and Houston submarkets for a total of 725,000 square feet.
- Younan sells four of its California office buildings after stabilization was complete
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Sepulveda Center
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2003
- The company acquires 925,000 square feet of Class A office buildings in Los Angeles and Dallas including Sepulveda Center, Younan Plaza, Warnerview Executive Center and Mowry Building in Los Angeles; and The Meridian, One Graystone Centre and 1250 Mockingbird in Dallas.
- Younan disposes of two office buildings in Los Angeles and one office property in Birmingham, AL for $20 million.
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Galleria Plaza
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2004
- Younan Properties enters the Phoenix market by acquiring three office buildings for a total of 836,000 square feet of Class A office space. The Class A acquisitions include 4041 Central Plaza, the largest office building in downtown Phoenix; Meridian Bank Tower, a 20-story high rise in the Phoenix CBD, and Four Gateway, in the 44th Street Corridor submarket.
- The company continues to take advantage of a strong commercial market with the disposition of three Los Angeles office properties and the sale of an office building in the Dallas submarket for a total of $29.5 million.
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4041 Central Plaza
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2005
- Younan acquires an additional 2.33 million square feet of Class A office space in three states.
- Younan enters the Chicago market with the purchase of Prairie Stone Commons, Embassy Plaza and One North Arlington in the Northwest submarket.
- The company enters the Florida market with acquisition of Southpoint Executive Center in Maitland.
- The company expands its Dallas presence with the acquisition of 8080 NCX and 9400 NCX on the North Central Expressway and Lakeside Square and Four Forest on the LBJ Freeway.
- The company sells two office buildings in Houston and three office properties in Dallas for a total of $34.5 million.
- Younan Properties is recognized as the third largest Dallas office landlord at 2.7 million square feet.
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Southpoint Executive Center
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2006
- Younan completes another 2.4 million square feet of acquisitions in Dallas and Chicago including the landmark 827,000 square foot KPMG Centre in downtown Dallas.
- The company extends its Chicago footprint to 2.5 million square feet with the acquisition of 200 North LaSalle, a Class A high-rise in the heart of downtown Chicago, and 211 East Ontario on N. Michigan Avenue.
- The company exits the southern California market with the sale of Sepulveda Center in Los Angeles, for $50.5 million, after purchasing the property for $27.5 million just 30 months earlier.
- Younan Properties is the largest Dallas office landlord at 4.7 million square feet of office space.
- Total portfolio encompasses 7.5 million square feet.
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Energy Square III
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2007
- Younan expands its presence in Texas with 12 acquisitions of more than 3.9 square feet of Class A office buildings in Dallas and Houston.
- Among the Dallas purchases, Younan acquires Thanksgiving Tower for $107 million. The 1.4 million square foot, 50-story, iconic high-rise in Dallas is the largest single asset acquisition by Younan Properties since the company's inception just five years ago.
- The company completes strategic exit of Florida market with the sale of Southpoint Executive Center for $23.9 million.
- Younan Properties is named as one of Industry's 100 Leading Companies by Real Estate Forum and Zaya Younan is named CEO to Watch.
- The company's total portfolio encompasses 10 million square feet of Class A office space.
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9400 NCX
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2008
- Younan sells 211 East Ontario in the premier Michigan Avenue submarket for $37.5 million after acquiring the building for $26.2 million two years earlier.
- Younan expands its management team and further strengthens its CRE experience with key hires including a chief financial officer.
- Younan Properties is the largest office building owner in Dallas.
- Total portfolio reaches 10.5 million square feet of Class A office space.
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Two Westlake Park
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2009
- Younan is named the 2nd largest owner of Class A office space in Texas and the largest office building owner in Dallas.
- The company re-enters Southern California market with the acquisitions of Younan Corporate Center on the 101 Freeway corridoor and Younan Corporate Plaza in the Los Angeles submarket of Woodland Hills.
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200 N LaSalle
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2010
- Younan Properties continues to grow and now employs 120 professionals in four states.
- Its total portfolio exceeds 11 million square feet of mid-to high-rise office properties in five key markets - Dallas/Ft. Worth, Houston, Chicago, Los Angeles and Phoenix.
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Thanksgiving Tower
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