News and Events - 2014

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Younan Properties Senior Property Manager Wins 2014 IREM Legacy Award


Summary: Younan Properties Debbie Lister Named 2014 IREM® Legacy Award Recipient;
Senior Property Manager of Lakeside Square in Dallas Recognized as Industry Role Model

Dallas, November 14, 2014
Debbie Lister, CPM® Senior Property Manager of Lakeside Square received the coveted IREM® (Institute of Real Estate Management) Dallas Legacy Award at the 2014 Industry Awards Gala on November 12. This award recognizes an industry professional who contributes at a high level of leadership and has a long history of contributions both for the Dallas chapter and for the IREM nationally.

According to Ed Boudreau, CPM®, Past President of IREM Headquarters and of the Dallas Chapter, the Legacy Award is not presented every year. "Debbie Lister has been a valued IREM Instructor for many years and has taught courses for our Chapter and our Region during her tenure. She also has served on the IREM Council several different times in many different leadership roles. In addition, she has participated on National Committees consistently and continues to be a role model in our industry. She is uniquely qualified to receive this prestigious award."

Debbie Lister is an experienced professional with more than three decades of facility, asset and onsite management experience in the commercial real estate industry. Prior to joining Younan Properties, she was Managing Partner for Search Property Services, LLC. Debbie also owned her own consulting firm La Vita, LLC working with real estate firms to assist them in due diligence projects and human resource planning and training. Past engagements include Stream Realty Partners, Carter Crowley Properties and Prentiss Properties. She was Director of Property Management for Kelley, Lundeen and Crawford where she was responsible for the oversight of 10 million square feet of commercial property in the DFW area.

"We are indeed fortunate to have Debbie managing our team at Lakeside Square," said John Cook, Regional Vice President, Leasing & Operations. "She is a consummate professional and exceptional property manager with the ability and passion to mentor and develop talent and is a great asset to Younan Properties and our Dallas team."

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 and selected retail centers 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 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.

About IREM
IREM is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing. An affiliate of the National Association of REALTORS®, IREM is the home for all industry professionals connected to real estate management – and the only organization serving both the multi-family and commercial sectors. To learn more about IREM visit www.irem.org.


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Company hopes land-use change brings big tenant

Simi Valley, October 10, 2014
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The former Simi Valley headquarters of clothing company Bugle Boy has been rezoned to make it easier to market to businesses.

The Simi Valley City Council unanimously voted Sept. 29 to change the zoning on the Younan Executive Center, a 6.3-acre property at 2900 Madera Road north of the 118 Freeway, from industrial to business park designation.

In addition to Bugle Boy, Countrywide, which later merged with Bank of America, occupied the facility for more than a decade before moving out in November 2013. Some 63,000 square feet of office space is now available for lease.

“Allowing a business park designation, which is basically how the building has operated anyway because Countrywide was there and after that Bank of America, gives us more flexibility for the kind of tenants that we can lease,” said Denise Davis, vice president of corporate communications for Woodland Hillsbased Younan Properties, which owns and manages the property.

Sean Gibson, a planner for the city, said Younan Properties is marketing the building to find a tenant and wants to change the land use to allow for a wider variety of office uses.

The business park land-use designation allows for the space to be used for offices, research and development and a limited range of commercial uses located to serve the surrounding industrial park and its tenants, Gibson said.

Additional uses allowed under a business park that are not allowed under industrial zoning include financial services, real estate, insurance, medical, legal and researchtype uses, Gibson said. No physical changes to the building or site are proposed at this time because it is suitable for office use, he said.

Councilmember Keith Mashburn said he believes this is an opportunity for the city. “To bring in a company like the Younan Properties to work with us is the kind of company that will sit down with the local government and come up with ideas and present options,” Mashburn said. “At this economical time, I think that is exactly what the city is looking for—someone who can come in and work with us and give us absolute, unlimited opportunities. So I’m very happy with this.”

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7 Thousand Shea Seeks Local Artisans and Retailers for 7000Pops™ Program

Phoenix, October 6, 2014 ---Joining one of the hottest trends in retail, 7 Thousand Shea is holding an open casting call for fledgling start-ups, e-tailers and local artisans who want to test their products and marketing prowess in one of several available suites at the Scottsdale shopping center. 7000Pops™ is designed to match local or online brands with temporary retail space at 7 Thousand Shea.

"Pop-up retail has evolved from holiday-only, temporary space driven by vacancy into a multi-billion dollar retail strategy," said Zaya Younan, Chairman and CEO of Younan Properties.

Los Angeles was one of the first U.S. cities to test pop-up retail or "flash" retailing to test whether consumers would purchase limited edition products from niche retailers. The concept gained traction and before long, companies were using pop-up retail locations to host sample sales, launch a new product or kick off a new advertising campaign. Today's flash retailing extends well beyond the seasonal Halloween or Christmas shop and has grown into an $8 billion industry according to Specialty Retail Report.

7 Thousand Shea was acquired by Younan Properties in April of 2013 and has undergone a million dollar renovation including rebranding, parking lot reconfiguration, parking garage improvements, custom painting and landscaping, new lighting and the construction of new monument signage and improved signage across the campus. The latest project in progress is the renovation of the Center's 12,000 square feet of office space.

"Since acquiring 7 Thousand Shea last year, our team has worked to create an environment that appeals to our existing tenants and creates a welcoming environment for new tenants. We believe that by supporting new brands and local artisans and entrepreneurs to take advantage of several existing suites on a temporary basis, they will benefit from increased visibility and a chance to build brand awareness quickly. Our existing retail tenants should benefit from increased customer traffic. This is a win-win-win for existing tenants, up and coming businesses and the Scottsdale community," Younan pointed out.

Pop-up space currently is available in existing suite configurations from 849 square feet to 2,000 square feet. Interested businesses are invited to contact Denise Davis, Vice President of Communications and Marketing at Younan Properties for an application. All applicants will be reviewed on several criteria including product offering, space requirements and the ability to maintain their own web-based POS system. Pop-up products should complement but not compete with the existing retail tenant mix at 7 Thousand Shea. Recent pop-up successes have included new technology products, handcrafted fashion and accessories, fine art and crafts, and artisanal food items, among others.

Pop-up space currently is available in existing suite configurations from 849 square feet to 2,000 square feet. Interested businesses are invited to contact Denise Davis, Vice President of Communications and Marketing at Younan Properties for an application. All applicants will be reviewed on several criteria including product offering, space requirements and the ability to maintain their own web-based POS system. Pop-up products should complement but not compete with the existing retail tenant mix at 7 Thousand Shea. Recent pop-up successes have included new technology products, handcrafted fashion and accessories, fine art and crafts, and artisanal food items, among others.

Situated near the intersection of major thoroughfares East Shea Boulevard and North Scottsdale Road, 7 Thousand Shea is strategically positioned within Scottsdale’s renowned retail trade area, minutes north of Downtown Phoenix. The 137,522 square foot shopping center includes five, two-story buildings and one, single-story building as well as a two-story structured parking garage. Current retail tenants include Tuesday Morning, Signature Salon Studio, Arizona Bread Company, and Haweli Indian Grill & Bar. Laugh Factory, the #1 comedy club in the country, according to USA Today, will be opening a new 10,000 square foot venue at 7 Thousand Shea later this fall.

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 and selected retail centers 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 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.

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Younan Properties Acquires Portfolio of New Office/Medical Buildings in Thousand Oaks;
Class "A" Owner/Investor Adds Eight New Buildings to its Los Angeles Portfolio

 thousand-oaks-medical-buildings

Los Angeles, September 24, 2014 --- In a year marked by rapid expansion, 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 its latest acquisition of eight new office/medical buildings in Thousand Oaks, CA. in an all-cash transaction.

The eight-building collection comprises 62,248 square feet of new owner/user or leasable office space. It is part of a 31-building development in the affluent Conejo Valley submarket in Ventura County. The new assets, some of which are ready for owner finishes, are located in the Class "A" Conejo Ridge Executive Center at the US 101 Freeway in the expanding 101 Technology Corridor. The eight new buildings offer freeway visibility and range from 4,800 square feet to 15,500 square feet.

Zaya Younan, Chairman and CEO of Younan Properties commented on the transaction. “This was an exceptional opportunity to expand our portfolio in a vibrant and growing Southern California submarket. Younan Properties was successful in acquiring these assets at a very attractive price, and for one third of the historical cost on a per square foot basis."

Younan continued, "We are able to take advantage of these unique opportunities because of our resources, our reputation as an experienced owner/operator and our ability to close deals quickly. This marks the eighth acquisition in 2014 and we are prepared to execute several more transactions before year end."

Mark A. Perry, Senior Vice President of CBRE represented the seller, Pacific Western Bank. "This was a very smart transaction by Younan Properties and another case where multiple buyers were interested in acquiring these assets. Younan has established solid reputation as an experienced buyer and sellers know that the transaction will be handled smoothly, " he said.

The Conejo Ridge Executive Center is centrally positioned on the 101 Freeway with the Burbank and Los Angeles International Airports -- approximately 40 and 47 miles to the south respectively -- and Santa Barbara Airport 60 miles to the north. Numerous dining, hotel and retail amenities, as well as executive residential are available within a five mile radius of the center.

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 and selected retail centers 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 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.

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Contact: Denise Davis
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818.703.9600 x9705

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Younan Properties Continues Nationwide Expansion;
Class "A" Owner/Investor Acquires 300 N. Martingale in Schaumburg, IL

 martingale in schaumburg

August 21, 2014, ChicagoYounan Properties, Inc., a fully integrated, national real estate owner and manager of Class "A" office buildings and retail centers in five major U.S. office markets, announced it completed the acquisition of 300 N. Martingale in Schaumburg in an all-cash transaction.

Zaya S. Younan, Chairman and CEO of Younan Properties commented on the transaction. “This was an exceptional opportunity to acquire an asset at a very attractive valuation in a submarket that is showing stability and future growth. Through the first half of 2014, the Northwest suburban submarket documented nearly 328,000 square feet of positive absorption, with most of that in the Class A product. Chicago employment is showing steady improvement and we believe the outlook is favorable for the next three to five years."

Younan continued, "Asset prices remain compressed vis-a-vis lease rates and continue to reflect a discounted valuation that will disappear as the economy continues to improve. With significant financial resources at our disposal, a reputation as an experienced owner/manager and the ability to close deals quickly, we will continue to take advantage of opportunities such as 300 N. Martingale as we expand our portfolio in Chicago."

The 156,065 square foot, seven-story, Class "A" office building is located in the Schaumburg submarket of suburban Chicago. 300 N. Martingale maintains a prominent location with tollway visibility along 1-290/Route 53. It was developed as part of the Woodfield Corporate Center complex and offers numerous tenant amenities including a deli, meeting room and tenant lounge area, four-story parking deck with an enclosed walkway, as well as onsite management and security.

Joseph Stevens, Fred Ishler and Zach Fox of Transwestern will continue to lease 300 N. Martingale on behalf of Younan Properties. According to Stevens, the property is well positioned for lease up in a steady, stabilizing market. "The acquisition by Younan Properties is a win-win for current and prospective tenants. The company has significant experience in this market and an operational infrastructure already in place. From our experience working with Younan Properties, the company will allocate financial resources both for broker incentives and for tenant improvements to increase occupancy faster than current market absorption. Transwestern is pleased to be working again with Younan Properties."

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 and selected retail centers 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 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.

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Contact: Denise Davis
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818.703.9600 x9705

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Younan Properties Expands Portfolio in Southern California

 younan executive center

Los Angeles, August 5, 2014 Building on its presence in the greater Los Angeles market, 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 it acquired a Class "A" office headquarters building in Simi Valley in an all-cash transaction.

Younan Executive Center is a two-story, 63,305 square foot, Class "A" office building located on Madera Road in the Los Angeles submarket of Simi Valley, CA., which is cited as the nation's seventh safest city. The building is the former headquarters of Countrywide Financial.

"We are continuing to strengthen our Los Angeles portfolio through targeted acquisitions where we can add significant value, " said Zaya Younan, Chairman and CEO of Younan Properties. “We are able to be opportunistic when assets become available because of our financial resources, experience and ability to close deals quickly. This acquisition is part of a significant expansion in Southern California, which includes other large acquisitions that will be announced soon," he added.

Visitors to Younan Executive Center are welcomed as they step into a dramatic entry with a soaring two-story lobby complete with high end finishes. The building is designed to easily accommodate a single user or can be efficiently demised for multi-tenant use. The window line throughout the entire building offers majestic mountain views. It sits on 6.3 acres of a park-like campus and is professionally landscaped with mature trees and bushes. The property has immediate access off the 118 Freeway and is minutes away from restaurants, shopping, banks, dry cleaners and grocery stores. Younan Executive Center is a 15 minute drive from Westlake Village and the West San Fernando Valley areas.

Mark Leonard, Senior Vice President and Cory Richmond, Vice President of Lee & Associates serve as leasing brokers for the property. According to Leonard, "Younan Properties has earned a positive reputation as an experienced owner/manager, and as a company that commits the necessary financial resources to meet any tenant leasing and space plan requirement. We are pleased to be working with Younan on another Ventura County asset."

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 and selected retail centers 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 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.

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Contact: Denise Davis
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Younan Properties Acquires Black Canyon Corporate Center in Phoenix
Class "A" Owner/Investor Expands Phoenix Portfolio

 black canyon phoenix

Phoenix, July 30, 2014 ---Younan Properties, Inc., a fully integrated, national real estate owner and manager of Class "A" office buildings and retail centers in five major U.S. office markets, announced it completed the acquisition of Black Canyon Corporate Center in Phoenix, AZ in an all-cash transaction.

Zaya S. Younan, Chairman and CEO of Younan Properties commented on the transaction. “This was an exceptional opportunity to further expand our portfolio in the Phoenix market by acquiring a stabilized asset in a market that now is demonstrating a turnaround. In the second quarter, the unemployment rate in Phoenix was 5.6%, which remains below the national average. It is projected that the region will gain some 385,700 jobs through 2019. Due to the positive outlook for employment, we expect demand to remain strong as the economy continues to improve."

Younan continued, "Because of our financial resources, our reputation as an experienced owner/manager and our ability to close deals quickly, we are able to take advantage of unique opportunities such as Black Canyon. Due to the long and protracted recession, asset prices remain compressed and still reflect a discounted valuation that will disappear over the next few quarters as the economy improves. As a result, it is intriguing to be an investor today, and we will continue to take advantage of these opportunities through year end."

The 95,000 square foot, Class "A" office building at 10835 North 25th Avenue is centrally located in metropolitan Phoenix, within 15 minutes of Sky Harbor International Airport. The three-story multi-tenant office building was built in 2003 and sits on 6.73 acres in a well-appointed office park that is within walking distance of Hyatt Place and Crown Plaza.

Ashley Brooks, Senior Vice President of CBRE, along with James Bayless and Jenny Aust round out the leasing team for Black Canyon. According to Brooks, the property is well positioned for lease up in a rising market. "The acquisition by Younan Properties is a win-win for current and prospective tenants. The company has an established reputation for its management capabilities and ability to get deals done quickly. It has allocated significant financial resources both for broker incentives and for tenant improvements. We will be working over the next 12 months to lease the building to 90% occupancy. I am excited to be working with Younan Properties on this project."

Other Phoenix assets owned by Younan Properties include 4041 Central Plaza, a 20-story, 405,693 square foot Class "A" office building in the CBD. In 2013, Younan Properties acquired 7 Thousand Shea (formerly Scottsdale Promenade), and recently completed a million dollar renovation of the 137,522 square foot shopping center in Scottsdale.

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 and selected retail centers 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 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.

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Contact: Denise Davis
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818.703.9600 x9705

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7 Thousand Shea Hosts Grand Re-introduction to Phoenix Retail Brokers;
Younan Properties Invests Heavily in Scottsdale Shopping Center

 7000-shea

Phoenix, March 26, 2014 --- Younan Properties, Inc., a national real estate investment and management company that acquires and manages Class A office and retail centers in U.S. growth markets, will host a grand re-introduction of 7 Thousand Shea (formerly Scottsdale Promenade) on Thursday March 27 with Cassidy Turley. The retail center, was acquired in April of 2013 and has undergone a million dollar renovation including rebranding, parking lot reconfiguration, parking garage improvements, custom painting and landscaping, LED lighting and the construction of new monument signage and improved signage across the campus.

According to Zaya Younan, Chairman and CEO, "We are excited to re-introduce 7 Thousand Shea to the community and solidify its retail position within the Scottsdale market. We have spent more than one million dollars making structural and operational improvements to the center. Since acquiring 7 Thousand Shea last year, we have worked diligently to create an environment that meet the needs of our existing tenants and create a welcoming environment for new tenants."

"The brokerage team from Cassidy Turley -- Chris Hollenbeck, Ryan Leavitt and Brad Douglass -- have worked hard to add new tenants and recently signed the Laugh Factory, a national comedy club and Haweli Indian Bar and Grill, among others. We expect that 7 Thousand Shea soon will outperform the Scottsdale market as an entertainment, shopping and lifestyle center."

Situated near the intersection of major thoroughfares East Shea Boulevard and North Scottsdale Road, 7 Thousand Shea is strategically positioned within Scottsdale’s renowned retail trade area, minutes north of Downtown Phoenix. The shopping center includes five, two-story buildings and one, single-story building as well as a two-story structured parking garage.

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 and selected retail centers 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 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.

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Younan Properties Announces Refinancing of Galleria Plaza
Company Secures New Loan on Dallas Office Building

 galleria plaza refinance

Dallas, February 4, 2014 --- Younan Properties, Inc., a fully integrated, national real estate owner and manager of Class "A" office buildings and retail centers in five major U.S. office markets announced that it successfully completed the refinancing of Galleria Plaza in Dallas. The new five-year, fixed rate loan from Business Partners, LLC was closed on January 31.

According to Zaya Younan, Chairman and CEO, "The refinance of Galleria Plaza takes advantage of the current favorable rate environment and reflects the market value of this Class "A" asset. Although the submarket saw only modest absorption during 2013, there are no new projects under construction, therefore we project continued absorption and upward pressure on average lease rates."

"Across the platform, Younan Properties has continued to de-leverage its portfolio to 40% overall through key dispositions, capital reinvestment and favorable debt replacement. Galleria Plaza is just another example of how we have improved our balance sheet by replacing high cost debt with lower cost financing and reducing the debt on the building by 25%, " Younan added.

Gary Bechtel, Chief Lending Officer of Business Partners, LLC commented on the transaction. "This is the second loan we have completed with Younan Properties. We were interested in this deal because Galleria Plaza is a great asset and because the Younan team has a reputation for professionalism and the ability to get deals done quickly."

NorthMarq Capital represented Younan Properties in the transaction and worked closely with the company and lender to complete the refinancing. "The efficiency of the Younan organization and the perseverance of Business Partners worked together to consummate an attractive fixed rate loan for an exceptional, well located asset," noted Paul C. Brighton, Senior Vice President of NorthMarq Capital in Dallas.

In 2013, the company invested more than a half million dollars in upgrades and renovations including a new lobby, conference center, upgraded common areas. and an exterior landscape improvement program. Featuring dramatic views of the surrounding office, residential and downtown Dallas skyline, Galleria Plaza is centrally located and just a 15-minute drive from Dallas/Fort Worth International Airport, Love Field Airport, Addison Airport and Dallas' Central Business District.

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 and selected retail centers 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 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.

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Contact: Denise Davis
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