01/08/2013 (press release: boxerproperty) // Houston, Texas, U.S. // Andre Pereira
Boxer Property announced today its acquisition of seven commercial real estate properties in December. These acquisitions include 3675 River Exchange near Atlanta; Pointe Hilton Tapatio Cliffs in Phoenix; 5600 Northwest Central Drive; 5005 Mitchelldale; and 507, 519, 523 N. Sam Houston Parkway in Houston. These properties are part of the 2.5 million square feet Boxer purchased in 2012.
Many of the December acquisitions fit into Boxer’s model of purchasing value-added, multi-tenant office buildings, however, the company has begun to branch out into other commercial real estate arenas with Class A and hospitality purchases.
In 2012, Boxer moved into Atlanta – a new market for the 20 year-old company – by way of three acquisitions; the first of which was the February purchase of the Hurt Building. Boxer also entered the hospitality industry with the purchase of Pointe Hilton – Tapatio Cliffs in Phoenix, AZ. Boxer continues to seek additional hotel acquisitions and is planning on long-term growth of its hospitality portfolio. Boxer Property aims to keep the momentum rolling in 2013 and the coming years by remaining aggressive with purchases.
“2012 was a tremendous year for Boxer and we hope to be as active if not more so in both multi-tenant office buildings as well as expanding our hospitality portfolio in 2013,” remarked Andre Pereira, Director of Acquisitions.
About Boxer Property
Boxer Property is celebrating 20 years as an innovative commercial real estate investment and management company. Specializing in maximizing the value of underperforming and challenged properties through aggressive leasing and hands on management. Founded in 1992, Boxer Property Management Corporation is a privately held firm based in Houston that manages, leases, and administers retail, medical and office properties with 15 million square feet across more than 120 locations, nationwide. For more information, visit www.BoxerProperty.com
Acquisitions, Boxer Property