Younan Properties Successfully Completes Sale of Four Forest Plaza in Dallas

pdf

Los Angeles, June 18, 2012 - Younan Properties, Inc., a fully integrated, national real estate owner and manager of Class A office buildings in five major U.S. office markets announced that it recently completed the sale of Four Forest Plaza to Adler Realty Investments.

According to Zaya Younan, Chairman and CEO, "Four Forest Plaza is a high quality asset that generated considerable demand among buyers interested in acquiring well-maintained, Class A office properties in Dallas. Our strategy was to own and manage this building through an initial hold period and leverage the value of the asset on behalf of our investors. Overall, this asset performed well despite a deep and protracted recession."

Younan continued, "Our recent dispositions also reflect the strength of the Texas economy, which continues to outperform the nation in job growth. With an unemployment rate of 7.1%, the Metroplex is well-positioned for proportionate growth as it continues to accommodate its ever-expanding workforce. We have taken advantage of the strength of the recovery in Texas and have sold $400 million worth of assets in the last 12 months, de-leveraging our portfolio by 30%."

Younan Properties was represented by CBRE in the transaction. Adler Realty Investment represented itself in the sale. According to Gary Carr, Executive Vice President of CBRE, "The Younan team is highly knowledgeable in dispositions, which helped expedite the entire process and ensured a smooth and seamless transaction for both buyer and seller. The quality of their assets in highly desirable markets create significant demand from investors."

Four Forest Plaza is a 19-story, 398,767 square foot, Class A office building in the Central Expressway submarket. It is conveniently accessed by Central Expressway (US-75) and LBJ Freeway (I-635). The distinctive black glass high-rise on Merit Drive is located on the west side of North Central Expressway (US 75) between Forest Lane and Interstate 635 in Dallas.

About Younan Properties
Younan Properties, Inc., is a privately held real estate investment and management company, specializing in acquiring and managing Class A office properties in strong growth markets throughout the United States including Dallas, Houston, Chicago, Los Angeles and Phoenix. Known for its detailed, hands-on approach to improving operational efficiencies, while maintaining top building standards for tenants, Younan's current portfolio consists of 20 office properties in five top metro markets. Younan is a full-service real estate investment company with in-house expertise and resources in leasing, asset and property management, marketing, acquisitions, redevelopment, facility engineering and financing. For more information, visit www.younanproperties.com

###

Contact: Denise Davis
This email address is being protected from spambots. You need JavaScript enabled to view it.
818.703.9600 x9705

_

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

castle image2

Tenant Spotlight

lfds logo
Lakeside Square, Dallas

Loewinsohn Flegle Deary Simon LLP, headquartered in Lakeside Square in Dallas, Texas, is a law firm focused on trials, arbitrations, and business conflict resolution. LFDS has decades of experience handling high-stakes business disputes, employment litigation and counseling, business restructuring, and general counsel services.  

Read More ...