Navigation Links
Younan Properties Acquires Office Building in Thousand Oaks; Latest Purchase Marks Third Acquisition in 2013 for Class A Owner/Investor

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 under contract to acquire the property, the occupancy increased from 90% to 97%, which underscores the value of this investment."

The two-story Briarwood building is located on West Hillcrest Drive. A soaring two-story atrium allows for abundant natural light in a park-like setting that features mature landscaping. The building offers tenants 268 underground and surface parking spaces. Briarwood is located immediately across from The Oaks Mall, a 1.3 million square foot regional shopping mall and entertainment center that features more than 100 national and specialty retailers and restaurants including Nordstrom, Apple, Williams-Sonoma, Muvico Theaters, The Cheesecake Factory and Bogart's Bar & Grill.

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

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Younan Properties Announces Successful Financing of Scottsdale Shopping Center; Retail Promenade to be Renamed 7 Thousand Shea
2. QCI Mold and Water Damage Now Distributes Hydroxyl Generators to Improve Air Quality in Commercial and Residential Properties
3. Study: Research reveals protective properties of influenza vaccines
4. Waterfront Properties Congratulates Champions of Charity from Admiral’s Cove, Willoughby Golf Club
5. Waterfront Properties’ Palm Beach Gardens Golf Community Debuts New Spa
6. More evidence berries have health-promoting properties
7. New studies explore mangos potential health-affirming properties
8. Patent Issued for Apparel and Textile Fabric with Antimicrobial Properties
9. Metformin's Anti-Cancer Properties Clarified in an Obesity Cell Model of Pancreatic Cancer
10. 23andMe acquires CureTogether, Inc.
11. Oxford University Press acquires joint ownership of Journal of Surgical Case Reports
Post Your Comments:
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... ... will provide scholarships for people struggling with eating disorders as a result of ... the second annual event, held at Fox Run Golf Club in Eureka, will ...
(Date:11/25/2015)... ... November 25, 2015 , ... Privately owned Contract Development and ... of its current state of the art research, development and manufacturing facility outside ... its manufacturing capacity as well as to support its clients’ growing research and ...
(Date:11/25/2015)... ... November 25, 2015 , ... ... Complex (TSC), as well as raising public awareness of the disorder while helping ... a third donation of $35,000 to bolster progress at the Tuberous Sclerosis Complex ...
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... ... treatment, is offering lower prices in an early celebration of the early holiday ... promotional price of $29.95 each (normally $33.95 ea). Black Friday promotional pricing is ...
(Date:11/24/2015)... ... November 24, 2015 , ... Dr. Todd S. Afferica, a noted ... to many of his patients. Dr. Afferica now uses the BIOLASE WaterLase iPlus 2.0™ ... of time the doctor uses other traditional cutting tools, such as the scalpel and ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... DUBLIN , Nov. 25, 2015 Allergan plc ... an agreement with the New York State ... 2 of the Sherman Act, and other statutes with the ... in February 2014, to cease marketing and selling the now ... of settlement, Allergan admits no liability, has released its counterclaims ...
(Date:11/25/2015)... -- Allergan plc (NYSE: AGN ), a ... start-up  biotechnology company focused on the development of ... by the F-Prime Biomedical Research Initiative (FBRI), today ... collaboration to support the discovery and development of ... Obsessive Compulsive disorders (OCD). ...
(Date:11/25/2015)... NEW YORK , November 25, 2015 ... global market of self-monitoring blood glucose devices was valued ... to grow with a CAGR of 5.7% during 2015 ... increasing geriatric population and increasing prevalence of diabetes. In ... about diabetes care is also contributing to the growth ...
Breaking Medicine Technology: