07/01/2011 // Houston & Phoenix, TX & AZ, US // Boxer Property // Boxer Property
Houston-based investor, Boxer Property, who’s already a major office landlord in Houston, Dallas, and other locations throughout the nation has entered the Phoenix office market by purchasing Lakeside Center, a property consisting of six office buildings, in Phoenix, Arizona.
Boxer Property Management said Wednesday that it has purchased the Lakeside Center buildings on West 28th Drive North and hopes this will be the first of many purchases in the Phoenix market.
Built in 1982, the southwestern styled office buildings contain more than 174,000 square feet and are 50 percent leased with features including covered parking and courtyards in a lakeside setting. The buildings are conveniently located near the I-17/Peoria Avenue interchange. One of the valley’s largest malls, MetroCenter, is located across Peoria Avenue to the south.
The 2-story buildings were acquired from a local investor. Terms of the sale were not disclosed.
Boxer Property now manages more than 14 million square feet throughout the nation.
Boxer Property often purchases undervalued buildings, renovates them and turns them around to offer office space for rent at low prices to business tenants.
About Boxer Property
Boxer Property Management Corporation a privately held commercial real estate services firm was founded in Dallas, Texas in 1992 and now is based in Houston, Texas. With a specific focus on under-performing and challenged properties, Boxer Property provides first-class management and commercial leasing services. Boxer has transformed itself into a multi-faceted commercial real estate firm that currently manages more than 10 million square feet of real estate in Dallas, Fort Worth, Houston, Austin, Chicago, Cleveland, Hartford, Kansas City and on Long Island for a broad range of property types, including office, industrial, retail, medical and multifamily. A current client list includes Fortune 500 companies, publicly traded REITs, public small cap companies, lenders and servicers, and private companies and investors. For more information please visit www.boxerproperty.com.
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