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Younan Picks up Stemmons Office Asset for $10M

DALLAS-A 30% occupancy rate leaves a lot of room for upside potential at Brookriver Executive Center. Younan principals site their recent local-market leasing record as proof that the firm can stabilize the 300,000-sf asset.

By John Salustri | Updated on September 02, 2004

DALLAS-There’s plenty of upside potential for Younan Properties in its newly acquired Brookriver Executive Center. The Woodland Hills, CA-based investment firm has acquired the 300,000-sf asset from Triad Properties for $10 million.

The twin towers of the seven-story class A property are currently 30% occupied. But Younan officials are confident in their ability to stabilize the asset.

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