Younan Makes Profit on 185,000-SF Office Building

NORTH BIRMINGHAM, AL-Younan Properties of North Hollywood, CA, says it was able to increase the value and occupancy of a 185,000-sf office building in Alabama in only 11 months.

The company recently sold the Atrium Center, a class B office building in North Birmingham, AL, for $4.7 million. The seven-story building, located on Third Avenue, was sold to a group of investors that work for the law firm Gordon, Silberman, Wiggins and Childs.

.Zaya Younan, chairman and CEO of his self-named company, said he bought the building for $2.8 million last year from a foreclosure process. “The building had been on the market for a long time, it was not functional. It just looked very tired,” Younan told GlobeSt.com. “There were a lot of deferred maintenance problems, and the common areas were just a mess.”