News and Events - 2015

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Younan Properties Launches New European Resort Division with First French Acquisition; Château du Petit Chêne to Serve as Flagship Hotel and Golf Destination

LOS ANGELES, CA October 27, 2015 --- In a year marked by rapid geographic expansion and growth, Younan Properties, Inc. has announced its first European acquisition. The commercial real estate investment and management company with properties in five major U.S. States has acquired an early 17th Century chateau-hotel and golf course in France in an all cash transaction. The historic Château du Petit Chêne is located in Mazières-en-Gâtine and sits amidst 160 unspoiled acres of wooded park land, lakes and offers a spectacular 18-hole golf course, restaurant and soon will open four-star hotel accommodations.

The French acquisition of Château du Petit Chêne was completed earlier in the month through a wholly-owned French limited liability company (société par actions simplifiée), Château-Hôtel du Petit Chêne Golf Resorts. The new French holding company is La Grande Maison Younan Collection, SAS, which will serve as both an operational and a holding company for all European acquisitions and expansions.

According to Zaya S. Younan, Chairman and CEO of Younan Properties "We have been studying Europe for the last four years and have found a number of unique opportunities in France, which we view as Europe's 'emerging economy' from the recent recession because of its political stability and potential economic growth. Château du Petit Chêne is our inaugural acquisition and we see more opportunities to grow our European resort portfolio and create a 'single point of destination' for travelers who seek a luxury experience in magical settings."

The flagship of La Grande Maison Younan Collection, Château du Petit Chêne, remains a national treasured estate in France as a registered French historical monument. Built by the Viault family in the 1600’s, the Chateau has had just three owners. The most recent owner planned to convert the Chateau to a boutique luxury hotel, but was forced to abandon the renovation. Younan stepped in to expand the vision to renovate the property and the grounds and restore the estate to its original beauty and historical significance. Renovations to the main Chateau include carefully restoring interior and exterior finishes, adding new luxury guest suites and the renovation and launch of a redesigned restaurant, which currently serves golf course patrons.

The 18-hole golf course was designed and built by Robert Berthet, designer of 45 international golf courses. The Golf du Petit Chene, which is open to the public, is masterfully designed among the wooded landscape and numerous lakes and offers a 6-hole pitch and putt, driving range with 30 covered bays, pro shop, and dining and locker rooms. International golf course manager, Blue Green Saur Group, provides management through a 20-year lease of the golf course.

Younan commented, "Golf du Petit Chene blends all three schools of golf design - strategic, penal and heroic -- throughout the course, often on a single hole. The location offers more than 400 years of history and golfers will be hard-pressed to focus on their game with stellar views on almost every hole. As with most great golf courses, Golf du Petit Chene takes what the terrain offers, enhances it and makes one feel like as though the course always has existed."

Gaetan Maetz, Director of Operations and Development of Blue Green said, "Blue Green is pleased with this collaboration, given the very great achievements made by Younan Properties. In just two weeks following the acquisition, we have seen significant improvements throughout the entire project. The Younan Properties team from the United States and France already has completed a number of projects that our guests are talking about. We look forward to working with its French subsidiary to transform the Golf du Petit Chene into one of the most desirable golf destinations. Due to this collaboration, Blue Green is able to keep customers' expectation at the heart of its concerns and its requirements."

Younan concluded. "We look forward to working with the French government at the national and local level to extend our efforts to other projects throughout this wonderful country. We believe we are caretakers of history, and we are honored to acquire the Château du Petit Chêne and to restore the grandeur of the past, while incorporating modern amenities and luxuries that will ensure that this prestigious property serves future generations," he said.

Younan Properties, Inc., is a privately-held real estate investment and management company, specializing in acquiring and managing Class A office properties in strong U.S. growth markets including Los Angeles, Chicago, Dallas, Houston, Phoenix and the Denver region. Its subsidiary, La Grande Maison Younan Collection, SAS, specializes in acquiring luxury golf and resort properties throughout Europe. The company is recognized for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants. Younan's fully-integrated real estate investment company offers in-house expertise and resources in leasing, asset and property management, marketing, acquisitions, redevelopment, facility engineering and financing. www.younanproperties.com.

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Contact: Denise Davis Younan Properties, Inc. +1 818 703-9600 mailto:This email address is being protected from spambots. You need JavaScript enabled to view it.

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Younan Properties Leases 21,363 SF at One Graystone Centre to Saulsbury Industries

 

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Younan Properties, a leading Class A office building owner and manager in six leading U.S. markets, executed a new lease of 21,363 square feet at One Graystone Centre.

Dallas, October 1, 2015 --- Saulsbury Industries has signed a new lease for 21,363 square feet at One Graystone Centre. The Class A property, owned and managed by Younan Properties, is located in Dallas, Texas.

Zaya Younan, Chairman and CEO of Younan Properties, Inc., described the transaction as a sign of good things to come from the Dallas economy. “This is another indication of the strength of the Dallas market, which has added more than 110,000 jobs in the last year and has added nearly 3.2 million square feet of positive absorption year to date.”

Blake Shipley, Vice President of Jones Lang LaSalle and leasing broker for One Graystone Centre, added, “We’re thrilled to welcome Saulsbury to Graystone Centre. They’re the most recent example of Graystone’s repositioning within the marketplace and are part of the mounting evidence that the LBJ submarket is a great place for investment by owners and tenants alike.”

The 15-story, 301,378 square foot property has excellent visibility from the LBJ Freeway and is easily accessible from the I-35 and Dallas North Tollway. The building offers a fitness center, 14-person conference room, on site deli and security, fully remodeled restrooms, common area corridors, and elevator lobbies. Exterior upgrades have just been completed, including an all new redesigned surface parking lot and main entry roundabout, all new circulation roadways, new landscaping, trees, new lighting, and new monument signage. Interior upgrades include new spec suites, restrooms and a new restaurant, which currently is in progress. Amenities such as these have enhanced the property’s attraction significantly.

Saulsbury was represented by Daniel Rudd, Executive Vice President of Colliers International. Rudd said, “We were happy to find Saulsbury a great home at Graystone Centre. It fit the location criteria perfectly and I believe will be even better once the 635 work is fully completed. Blake Shipley did a great job on his end and Younan was very accommodating to complete the transaction. I am sure that Saulsbury is excited about getting into the building.”

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Younan Properties Leasing Tops 102,000 SF at Colorado Springs Complex

 

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Denver, September 15 2015 --- Younan Properties, Inc. announced it has signed 102,795 square feet of new deals and renewals at its NorthCreek portfolio in Colorado Springs. Younan Properties acquired the three-building complex totaling 320,712 square feet in Colorado Springs in January of 2015.

According to Zaya S. Younan, Chairman and CEO of Younan Properties, the NorthCreek complex is a quality acquisition. “This was an exceptional opportunity to acquire a one-of-a-kind portfolio in the north I-25 corridor and Colorado Springs with a very strong tenant roster. We see great potential in this portfolio and significant upside in this improving market.”

This campus-like office complex is located in the Northwest Colorado Springs submarket and has immediate access from I-25. The Class A buildings offer full perimeter glass for unobstructed mountain views. Extensive upgrades and renovations are underway and are expected to be completed in early 2016, which include lobby upgrades and common areas, renovated rest rooms, new conference room facilities and further refinement of the exterior landscaping. Recent, new tenants include Legacy Wealth Partners, Gentiva, Econolite and Ameriprise.

Karen Clarke, Vice President at Transwestern and lead NorthCreek broker said, “The NorthCreek office complex is Younan Properties’ first Colorado Springs acquisition and the company is already establishing a great reputation in Colorado. Thanks to their refreshing (focused and prompt) responsiveness, creative thinking, collaborative nature, and understanding of tenant’s needs, we have been able to achieve a high level of leasing at the project. The entire Younan team is highly efficient, very broker friendly, high energy, responsive and they provide Transwestern all the essential tools to get leases signed.”

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 Los Angeles, Chicago, Dallas, Houston, Phoenix and Colorado Springs. The company is recognized for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants. Younan's fully-integrated real estate investment company offers 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.

Ventura County HSA Signs 57,200 SF Lease at Younan Executive Center In Simi Valley

 

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Los Angeles, March 25, 2015 --- Younan Properties, Inc., a privately-held, national real estate investment and management company that owns office buildings in six U.S. office markets, announced that the Human Services Agency of Ventura County has leased 57,200 square feet of office space at Younan Executive Center, 2900 Madera Road in Simi Valley, CA. With this new agreement, the office building will be 100% leased after just one year of ownership by Younan Properties.

"This is a significant, long-term lease with a major tenant, and we are extremely excited to serve Ventura County Human Services and ensure that their tenancy will be both productive and enjoyable. We acquired 2900 Madera just last year with zero occupancy. The building had been completely vacant for four years. In less than one year of ownership, we have completely leased this building with two important tenants. We were able to add value quickly and turn a vacant office building into a fully leased asset in a very short time," said Zaya Younan, Chairman and CEO.

Mark T. Leonard, Senior Vice President & Principal, and Vice Presidents Cory Richmond and Jared Smits of Lee & Associates-LA North/Ventura represented YPI in the transaction. The tenant was represented by Keith Filegar, Manager of Real Estate Services Division, Ventura County.

Commenting on the new lease, Leonard said, “We are extremely pleased that we were able to represent the ownership to provide a solution for various Ventura County Human Services departments currently in Simi Valley. Younan Properties is an experienced owner and the YPI team worked quickly and provided the flexibility necessary to accommodate the County's needs. As far as we know, this is the largest office lease signed in Ventura County this year."

According to Human Services Agency Director Barry L. Zimmerman, the new lease meets the County's goals of consolidating a number of departments under one roof. “This lease enables us to bring together 150 employees in a highly professional environment that promotes team work, productivity and quality service to our customers."

Younan Executive Center is a two-story, 63,305 square foot, Class "A" office building located on Madera Road in Simi Valley, which is cited as the nation's seventh safest city according to the FBI. Visitors are welcomed as they step into a dramatic entry with a soaring two-story lobby complete with high end finishes. The building 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

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, Phoenix and Denver. The company is recognized for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants. Younan's fully-integrated real estate investment company offers 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 Finances Woodfield Corporate Center and Prairie Stone Commons;
Rising Values and Low Interest Rates Fuel Momentum

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Chicago IL, March 10, 2015 --- 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 Woodfield Corporate Center in Schaumberg and Prairie Stone Commons in Hoffman Estates. The new seven-year loans from BBCN Bank were closed on February 11.

According to Zaya Younan, Chairman and CEO, "In 2014, the Chicago suburban markets posted more than one million square feet of absorption. Given the steady improvement and continued low rate environment, we were able to leverage the significant upside in value of these Class "A" properties."

"This financing provides additional resources for ongoing capital improvements as well as funding for new leasing and tenant improvement costs to drive occupancy at the properties," he added.

Younan Properties acquired Woodfield Corporate Center at 300 N. Martingale in August of 2014. 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.

Prairie Stone Commons is a 101,981 square foot, two-building office complex in a 780-acre master-planned business park with an outstanding location along I-90. Amenities include a Marriott Hotel, walking and jogging trails, 100,000 square foot Prairie Stone Sports & Wellness Center and abundant options for nearby dining and shopping. The property features exceptional access via the full interchange at Route 59 along the eastern boundary of Prairie Stone and partial interchange at Beverly Road along the western boundary of Prairie Stone facilitating access originating from the east.

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, Phoenix and Colorado Springs. 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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Master Halco Signs Full Floor Deal at Graystone Centre in Dallas;
Company to Relocate Irving HQ Staff to LBJ High Rise

Dallas, March 4, 2015 --- Younan Properties, Inc., a privately-held, national real estate investment and management company, which owns office buildings in six U.S. office markets announced that Master Halco signed a new full floor lease for 20,978 sf at Graystone Centre in Dallas.

Blake Shipley of JLL, represented YPI in the transaction. The tenant was jointly represented Brian Netzky of Interstate Tenant Advisors with assistance from Dan Jardine and Nick Lee of NAI.

Commenting on the new lease, Shipley said, “We’re thrilled to have Master Halco join us at Graystone. We see its decision as an indicator of great positive momentum for the building and the LBJ submarket. We are pleased with the building renovations and it's clear that the market has noticed these improvements because there is more new leasing activity than ever before.”

According to Scott Suh, Senior Vice President and CFO of Master Halco, " After several months looking for our new corporate office, we finally found our new home at Graystone Centre on 3010 LBJ Freeway. Not only does this location give our employees convenient access from all points in the Dallas Metroplex, the building has great amenities, such as a fitness center, a deli, a shared conference room and covered parking, as well as a hotel nearby for our out-of-town guests and employees. So, we’re very excited to bring with us more than 80 of our corporate office staff from Accounting & Credit to HR, IT and Purchasing."

"This is a major lease with a major tenant and we are extremely excited. We will provide Master Halco with excellent space solutions to accommodate all of its needs now and for future expansion when needed. We have completed a number of improvements, including $5.0 million of capital expenditures, to position Graystone Centre as the only Class 'A' high rise in the LBJ submarket," said Zaya Younan, Chairman and CEO.

Graystone Centre is a 15-story Class A office building in the LBJ Freeway submarket. The gleaming 301,378 square foot property offers excellent visibility from the LBJ Freeway, is convenient and accessible to I-35 and the Dallas North Tollway, and is just seven miles east of DFW International Airport. Typical floorplates measure approximately 21,000 rsf. Amenities include a fitness center, 14-person conference room, on-site deli, on-site property management and security, 24/7 key card access, and fully remodeled restrooms, common area corridors and elevator lobbies. There is a covered parking garage with a 3:1,000 parking ratio as well as surface parking for visitors. The property currently is undergoing a multimillion dollar exterior renovation, which will include new entrances, signage, hardscape, lighting and landscape. The estimated project completion date is May of 2015.

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, Phoenix and Colorado Springs. The company is recognized for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants. Younan's fully-integrated real estate investment company offers 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 Master Halco
Master Halco is North America's largest manufacturer and distributor of perimeter security and fencing. The company operates manufacturing plants, regional distribution centers, corporate, and branch offices from over 60 sites strategically located across the U.S. and Canada. Master Halco serves professional fencing contractors, security integrators, and quality building material retailers throughout North America. With a nationwide network of more than 200 field sales staff and customer service representatives, the company offers its customers the highest standard of service and support in the industry. For more information, visit www.masterhalco.com.

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Younan Properties Sells Office Building in Thousand Oaks;
Sale Nets 26% Return To Investors in Just 15-Month Hold Period

 

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Los Angeles, February 5, 2015 --- Younan Properties, Inc., a national, commercial real estate owner and manager of Class A office buildings in six major U.S. office markets completed the sale of the Briarwood Office Building in Thousand Oaks, CA, netting a 26% return for investors in a 15-month hold period.

The 42,767 square foot multi-tenant office building was acquired by Cal World Thousand Oaks, LLC for an undisclosed sum. The building on Hillcrest Drive is in the affluent Conejo Valley submarket and sits on 3.08 acres. It is immediately adjacent to US Highway 101 in the growing 101 Technology Corridor. Briarwood is 98.8% leased to a professional roster of business, engineering and medical tenants.

Zaya Younan, Chairman and CEO of Younan Properties commented on the transaction. “This sale is another opportunity to deliver outsized returns to our investor base in a relatively short hold period. We acquired this asset approximately 15 months ago as part of our greater Los Angeles expansion. Because of our reputation as an experienced owner/operator, we were able to acquire this undervalued asset and increase its valuation by leasing the asset from 84% to 99% occupancy and increasing the rental rate by 15%."

Mark Perry, Senior Vice President at CBRE marketed the asset on behalf of Younan Properties. "Younan Properties was able to add significant value to this building in a very short period of time. They bought the asset at an attractive price and were able to increase occupancy quickly. This is another example where Younan Properties' experience and know-how was used to add value to this asset and execute an exit strategy that benefits investors."

Younan noted that although it sold Briarwood, the company is in acquisition mode. "We made 13 acquisitions in 2014, and recently completed an acquisition of a portfolio of office buildings in Colorado. We anticipate 2015 being a very strong year for commercial real estate as we continue to execute our plan to acquire and stabilize more assets to grow our portfolio," Younan added.

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 Los Angeles, Dallas, Houston, Chicago, Phoenix and Colorado Springs. 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: This email address is being protected from spambots. You need JavaScript enabled to view it.
818.703.9600 x9705

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Younan Properties Advances Expansion by Acquiring NorthCreek Portfolio in Colorado;
Latest Class "A" Acquisition Signals New Market Penetration

 

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Los Angeles, February 4, 2015 --- Continuing its pattern of opportunistic expansion in the country's most promising markets, Younan Properties (YPI), announced its latest acquisition of three assets in the Colorado Springs, CO office market.

NorthCreek I, II and III is a three-building complex totaling 320,712 SF of Class "A" office space in a campus-like setting. Positioned along Interstate 25, the three NorthCreek buildings are highly visible from both northbound and southbound traffic. Younan Properties represented itself and Transwestern represented the seller in the transaction.

"This was an exceptional opportunity to acquire a one-of-a-kind office portfolio in the North I-25 corridor and Colorado Springs with a very strong tenant roster. We see great potential in this portfolio and significant upside in stabilizing the occupancy in this constantly improving market," said Zaya S. Younan, Chairman and CEO of Younan Properties.

“Younan Properties was successful in acquiring NorthCreek at a very attractive price, and significantly below replacement cost. The Northwest Office market has no new inventory coming online and there is no new construction in the pipeline, which is important for landlords, both in growing occupancy and rental rates."

Transwestern Managing Directors Brad Cohen and Larry Thiel, handled the transaction for the seller. According to Cohen, "The quality of these assets attracted multiple investors from around the country. We were impressed with Younan Properties' ability to close the deal quickly and smoothly. The company is bringing fresh capital and renewed energy, which will benefit NorthCreek and its tenants." Younan Properties has engaged Transwestern to serve as the portfolio leasing agent. Karen Clarke, Transwestern Vice President will serve as the lead broker.

"We intend to leverage our experience creating the most desirable lifestyle properties in Colorado Springs and upgrading this portfolio with technology, exterior and common area improvements and amenities that today's growing companies need," added Younan.

Positioned along Interstate 25, the three NorthCreek buildings are highly visible from both northbound and southbound traffic. The two- and three-story properties serve a variety of large corporate and government tenants including AAA Insurance, FirstSource Group USA, PMC Sierra, and the GSA ATF and DEA agencies. NorthCreek features an on-site fitness center, locker room and showers, a full-service cafe, underground parking, on-site conference facility that opens to the cafe, landscaped courtyards and tranquil atriums with water features and natural lighting.

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 Los Angeles, Dallas, Houston, Chicago, Phoenix and Colorado Springs. 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.