Younan Properties Acquires Portfolio of New Office/Health-related Buildings in Thousand OaksClass “A” Proprietor/Investor Adds Eight New Buildings to it Los Angeles Portfolio


Los Angeles, CA (PRWEB) September 24, 2014

In a year marked by fast expansion, Younan Properties, Inc., a totally integrated, national actual estate proprietor and manager of Class A office buildings in five key U.S. office markets announced its latest acquisition of eight new workplace/healthcare buildings in Thousand Oaks, CA. in an all-funds transaction.

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The eight-creating collection comprises 62,248 square feet of new proprietor/user or leasable office room. It is part of a 31-creating advancement in the affluent Conejo Valley submarket in Ventura County. The new assets, some of which are ready for proprietor finishes, are found in the Class “A” Conejo Ridge Executive Center at the US 101 Freeway in the expanding 101 Technological innovation Corridor. The eight new buildings supply freeway visibility and variety from four,800 square feet to 15,500 square feet.

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Zaya Younan, Chairman and CEO of Younan Properties commented on the transaction. This was an outstanding possibility to broaden our portfolio in a vibrant and expanding Southern California submarket. Younan Properties was productive in acquiring these assets at a really desirable price tag, and for 1 third of the historical cost on a per square foot basis.”

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Younan continued, “We are capable to take benefit of these unique opportunities due to the fact of our resources, our status as an knowledgeable owner/operator and our capability to shut discounts speedily. This marks the eighth acquisition in 2014 and we are prepared to execute a number of much more transactions ahead of year finish.”

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Mark A. Perry, Senior Vice President of CBRE represented the seller, Pacific Western Bank. “This was a really intelligent transaction by Younan Properties and another case in which numerous consumers have been interested in acquiring these assets. Younan has established strong popularity as an experienced purchaser and sellers know that the transaction will be dealt with smoothly, ” he mentioned.

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

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About Younan Properties&#13

Younan Properties, Inc., is a privately held actual estate investment and management organization, specializing in obtaining and managing Class A office properties and picked retail centers in powerful development markets throughout the United States like Dallas, Houston, Chicago, Los Angeles and Phoenix. Recognized for its in depth, hands-on technique to enhancing operational efficiencies, although keeping best developing standards for tenants, Younan is a total-support genuine estate investment firm with in-property skills and sources in leasing, asset and residence management, marketing and advertising, acquisitions, redevelopment, facility engineering and financing. For far more details, check out http:// http://www.younanproperties.com.

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