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Younan Properties Acquires Office Building in Thousand Oaks; Latest Purchase Marks Third Acquisition in 2013 for Class A Owner/Investor
Date:9/25/2013

Los Angeles, CA (PRWEB) September 25, 2013

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 third acquisition this year with the purchase of the Briarwood office building in Thousand Oaks, CA. in an all-cash transaction.

The 42,767 square foot multi-tenant office building is located in the affluent Conejo Valley submarket in Ventura County. The office building sits on 3.08 acres and is immediately adjacent to US Highway 101 in the growing 101 Technology Corridor. Briarwood is 90.5% leased to a professional roster of business, engineering and medical tenants.

Zaya Younan, Chairman and CEO of Younan Properties commented on the transaction. “This was an exceptional opportunity to expand our portfolio in the greater Los Angeles area by acquiring a stabilized asset in a very strong sub-market that is demonstrating significant growth. Because of our resources, our reputation as an experienced owner/operator and our ability to close deals quickly, we are able to take advantage of these opportunities. We have made three acquisitions in 2013 and we are prepared to execute several more transactions before year end."

Sean Fulp, Managing Director at Rockwood Real Estate Advisors represented the seller, CW Capital. "This was another seamless transaction with Younan Properties and another case where multiple buyers were interested in acquiring this asset. Younan has established solid reputation as an experienced buyer, and sellers know that the transaction will be handled smoothly, " he said.

Younan added, "While we were un
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