HOUSTON-Boxer Property has acquired Executive Center II and Executive Center III, two class B buildings in Dallas, for $17 million in an all-cash transaction. The properties were sold by a limited liability company managed by Grubb & Ellis Realty Investors.
Boxer Property beat out 11 other buyers to nab the two buildings, according to Steve Simon, managing director of Transwestern’s Dallas office. He and his partner, Mike Hardage, brokered the transaction on behalf of the seller.
“Since we have closed on every purchase we have placed under contract, sellers often choose us as a buyer given our track record,” says David Kayle with Boxer Property. He tells GlobeSt. that the firm has more than $500 million to purchase and reposition assets.
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