Younan Properties, one of the nation's leading private commercial real estate companies with 11 million square feet of office space in five major markets has leased 48,347 sf of tenant office space at its two Los Angeles sub‐market properties in Thousand Oaks and Woodland Hills including 29,882 SF of headquarters' space for ARSI.
Los Angeles, February 1, 2011 ‐‐‐Younan Properties, Inc., a fully‐integrated, national real estate owner and operator of office buildings in five major U.S. office markets announced it signed 48,347 square feet of new deals and renewals in its Los Angeles submarket office buildings. The largest transaction was the renewal by American Recovery Services, Inc., (ARSI) for 29,822 square feet at Younan Corporate Center, which serves as ARSI's corporate headquarters. The building, located at 555 St. Charles Drive in Thousand Oaks serves the 101 Freeway technology corridor.
Younan also announced that it recently leased 18,525 SF of office space at Younan Corporate Plaza in the Woodland Hills submarket of Los Angeles. Located in Warner Center, the Class A building serves a variety of professional and service‐based tenants including Gilad Development, Hayden & Kassel Law Offices and LSI Title.
Tom Baxter, Chief Executive Officer of ARSI commented on the renewal. "ARSI is delighted to be extending the lease of its Thousand Oaks Corporate Center, and its relationship, with Younan Properties. Brian Hennessey's involvement was instrumental in facilitating this mutually beneficial and long term agreement. Younan's commitment to servicing the needs of our company was a key driver in the decision making process. We look forward to leveraging our relationship with their team as we consider further expansion."
Brian Hennessey, Vice President of Leasing for Younan's California portfolio commented that the company has benefitted from the relationships it has developed with its tenants. "We work hard to deliver individualized tenant solutions and our well‐maintained assets offer convenient access to some of the area's best amenity packages."
About Younan Properties
Younan Properties is a fully integrated, self‐administered and self‐managed owner and operator of primarily Class "A" office properties located in five major U.S. office markets, including Dallas‐Fort Worth, Chicago, Houston, Phoenix and Los Angeles. The portfolio consists of 36 office properties with nearly 11.0 million square feet of rentable space. Younan is a full‐service real estate company with inhouse expertise and resources in leasing, asset and property management, marketing, acquisitions, redevelopment, facility engineering and financing.