Younan Properties Announces $4 Million Sale of Energy Corridor Plaza in Houston , TX

pdfYounan Properties sheds Class B assets while increasing its Class A portfolio

HOUSTON, TX (August 16, 2005) As part of its ongoing strategy to improve the quality of its assets and increase its Class A office portfolio, Woodland Hills, CA-based Younan Properties, Inc. (YPI), one of the fastest-growing, privately held real estate investment groups in the country, has announced the sale of Energy Corridor Plaza located at 810 Highway 6 South in Houston, TX.

The $4 million transaction, in which Younan Properties represented itself, is the firm's third recent sale of a Class B office property in the Houston market. Younan Properties delivered a 35% return on investment in less than two years of holding.

Represented by David Greenberg of the Greenberg & Company, Houston-based Enfield Properties purchased the two-story, 70,000-square-foot office property located off the Katy Freeway near the Energy Corridor in suburban Houston. The property is 70% occupied with tenants that include Round Realty, Associates Mortgage and Grasso Production Management Inc.

Headed by Zaya S. Younan, Younan Properties has accumulated $550 million in real estate holdings since its inception in 2002. The company's national portfolio currently includes 20 Class A office properties totaling 4.6 million square feet.

We were able to increase the value of this asset in a very difficult market and also deliver a great return to our investors, said Zaya S. Younan, chairman and CEO of Younan Properties, Inc. We will continue our strategy of selling our smaller, non-core assets and replacing them with Class A high-rises.

In addition to this sale, Younan Properties recently completed the $3 million sale of Parkway Medical Plaza, a 56,000-square-foot medical building located at 150 W. Parker Road in Houston, TX.

lgm 04 18 16 260 webYounan Properties invests and provides asset management services for Class A office properties, retail centers, golf courses and luxury resorts on behalf of private, corporate and institutional investors. Today, the company has assembled a fully scalable, international platform with a valuation of more than $1 Billion.

In 2015, the Company made its first investment in France through La Grande Maison Younan Collection, which acquires luxury resort properties. Château du Petit Chêne Hotel & Golf Course is located in Mazières-en-Gâtine. Recent luxury hotel acquisitions include Logis Saint Martin in Saint Maixent l’Ecole, and Chateau Germond in Germond-Rouvre.

Château du Petit Chêne Hotel & Golf Course

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