Younan Properties Leases Over One Million Square Feet in 2011

pdfYounan Properties continues to report strong leasing totals from the Company's office markets, which  include renewals, expansions and new leases.

 

LOS ANGELES, December 20, 2011 —Younan Properties, Inc., a fully-integrated national real estate owner and manager of Class A office properties in five major U.S. office markets announced that in 2011 the company leased over one million square feet of new leases, expansions and renewals in its portfolio. The deals were executed in Houston, Dallas, Chicago, Los Angeles and Phoenix.

Robert C. Peddicord, Chief Operating Officer of Younan Properties noted that 2011 proved to be a successful year despite continued high unemployment and ongoing uncertainty in the world financial markets.  " In 2010, we took significant steps to strengthen our leasing platform, streamline our transactions  and generate more exposure in the leasing community . Despite ongoing economic challenges, we are beginning to see substantive improvements in all of our markets, which is attributable to our portfolio of Class 'A' properties, our commitment to tenants, and the dedication of our leasing teams. "

The Texas market recorded a total of 523,005 square feet in leasing, which included  294,580 square feet in Houston and 228,425 square feet in Dallas. In the Chicago market, there was a total of 188,887 square feet of new deals, expansions and renewals.  Los Angeles and Phoenix recorded more than 125,000 square feet of leasing.

Notable transactions in selected markets include:

Houston

  • Southwest  Energy, renewed -  120,000 SF
  • Burns & McDonnell, expanded and renewed - 59,174 SF

Dallas

  • Levinson & Hill, renewed 24,704 SF
  • McCall, Parkhurst & Horton, renewed - 23,396 SF

Chicago

  • Bank of America, renewed - 92,825 SF
  • McCorkle Court Reporters, expanded and renewed - 20,048 SF

About Younan Properties
 Younan Properties is a fully integrated, privately-held owner and manager of primarily Class “A” office properties located in five major U.S. office markets, including Dallas, Chicago, Houston, Phoenix and Los Angeles. The portfolio consists of 26 office properties with more than 9.0 million square feet of rentable space. Younan is a full-service real estate company with in-house expertise and resources in leasing, asset and property management, marketing, acquisitions, redevelopment, facility engineering and financing.

Contact: Denise Davis
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818.793.9600 x 9705

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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