Younan gains 2.1 million square feet

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Younan Properties Inc. announced today it has completed its largest acquisition since its inception with the purchase of a 2.1 million-square-foot office portfolio in Texas and Illinois. The total value of the purchase was not disclosed. With a total of seven class A properties, the portfolio includes three office towers in Dallas' Central Market development area and four mid- and high-rise office buildings in Chicago and surrounding areas. Chicago-based Transwestern Investment Co. sold the properties. Totaling approximately 1 million square feet of rentable space, the three Dallas acquisitions include:  Energy Square I, a 14-story tower at 4925 Greenville Ave., with 254,338 square feet of rentable space. Energy Square II, a 16-story tower at 4849 Greenville Ave., with 357,626 square feet of rentable space. Energy Square III, a 16-story tower at 6688 North Central Expressway, with 296,624 square feet of rentable space. In Chicago and its surroundings, Younan's four...