HOUSTON-Locally based opportunistic buyer Boxer Property bought the 75,289-square-foot Northwest Central Plaza, a two-story office building at 5500 NW Central Dr. The building, located off the US 290 corridor in northwest Houston, complements Boxer's next-door property at 5600 NW Central Dr.

Though the seller of the 1980s property was not indicated, the Harris Central Appraisal District lists it has MLCV NWC LP, an offshoot of ML Realty Partners of Itasca, IL. HCAD also indicates that the seller owned the property since 2001, and that it's valued at $3.8 million.

Though the building is currently vacant, Boxer Property felt that continued reduced vacancies and increased rents throughout the metro region is a good indicator that it would do well. . “We felt that 5500 would make a good addition to our portfolio of buildings in the 290 corridor as it will give us a bigger block of space to lease,” said Andre Pereira, director of acquisitions for Boxer in a press release.