Younan Properties expands in Dallas

Adds 1.1 million square feet of office space

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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 s...