JV Buys Energy Square Portfolio From Younan

Champion and Lincoln Property Co. in a joint venture with Long Wharf Real Estate Partners completed its purchase of Energy Square, a nearly 950,000-square-foot office complex in Dallas, TX. Younan Properties was the seller.

While the sale price was not disclosed, Younan said the assets sold above its purchase price and below a 7.5 percent cap rate.

Younan acquired the three-building Energy Square for approximately $ 92 million in September 2006…
National Commercial Real Estate News From CoStar Group