A Houston real estate company has added two assets to its Dallas holdings. Boxer Property Management Corp. has acquired Bank of America Tower, at 101 E. Park Blvd. in Plano, and Rochelle Park, at 600 E. John Carpenter Fwy. in Las Colinas.
Andre Pereira, acquisitions director for Boxer, said the firm was able to acquire the buildings “at what we though was a very attractive basis.”
Scot Farber and Tom Strohbehn of Cushman & Wakefield, along with Mike Hardage and Steve Simon of Transwestern, represented the seller, Parmenter Realty Partners. Boxer Property represented itself in both buys.
So far this year, Boxer has acquired about 700,000 square feet of office space in North Texas, and about 3 million square feet nationally.
“We still feel as though there is more opportunity in the DFW market, and hope to have as strong or a hopefully stronger acquisition year in the area in 2013,” Pereira said in a statement.
The privately held firm was launched in 1992. It manages, leases, and operates retail, medical, and office properties, and owns about 120 assets totaling 15 million square feet.
Here’s more information on the company’s latest buys, from a Boxer Property press release:
• Rochelle Park is an 80,418-square-foot, three-story office building that is currently 80 percent leased. Located in Las Colinas, some of Rochelle’s suites offer views overlooking the Las Colinas Country Club and Golf Course. Other amenities include polished granite floors, a three-story atrium lobby, and on-site leasing, management, and maintenance.
• The Bank of America Tower, Boxer’s first building in Plano, is a 225,445-square-foot, 13 story office building that is currently 81 percent leased. It has an on-site deli, executive suites, travel agency, and has been awarded Energy Star labels from 2007-2010 for its operating efficiency.