In its largest acquisition to date, Woodland Hills, Calif.-based Younan Properties Inc. has acquired a portfolio of three class A office buildings totaling 1.1 million square feet in Dallas.

Equity Office Properties Trust sold the portfolio for a price of more than $90 million.

The new acquisitions bring Younan’s office building holdings in Texas to approximately 2.3 million square feet of Class A office space.

The new acquisitions include:

  • North Central Plaza, a 16-story tower located at the southwest corner of the LBJ Freeway and North Central Expressway. The 346,575-square-foot building also includes parking for 1,100 vehicles. At closing, the property was 78 percent occupied with major tenants that include Snelling & Snelling, Marc USA, Trinity Consultant, Bridgefarmer & Associates Inc. and Interlink-Partners.

  • Eighty-Eighty Central, a 17-story high-rise located in the heart of Dallas’ North Central Expressway submarket, just one block from a Dallas light rail system stop. The 283,707-square-foot structure includes a 12-level parking garage with space for 900 vehicles. At closing, the property was 85 percent occupied with major tenants that include Compass Bank, Health Texas Provider and Maynord Oil Co.

  • 9400 Plaza, a 16-story office building located in the North Dallas area on North Central Expressway between Walnut Hill Lane and Park Lane. The 379,556-square-foot structure includes two secure garages that provide parking for 1,099 vehicles, in addition to 481 spaces in two surface lots. At closing, the building was 75 percent occupied with major tenants that include Milliman & Robertson, Benefit Partners, Promotion Network and Kennedy Wilson Properties.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×