Houston Based, Boxer Property, Awarded Management of 6-Building Office Campus in South Austin
Boxer Property has been selected to manage 6-Building office campus in South Austin. It was recently acquired by Braun Enterprises and is in the process of being remodeled with expectations to position the property as a premier office complex in the South Austin landscape. This is Boxer's second group of buildings being managed in Austin, managing approximately 150 properties in metro areas across Texas.
Planned renovations are scheduled to begin this fall by the owner, including interior remodeling of move-in ready “spec suites” that cater to small and mid-size tenants. Leasing efforts will focus primarily on tenants requiring less than 10,000 square feet of space and whose business owners live in or near South Austin.
The campus represents not only the partnership’s first acquisition in Austin, but a “tremendous opportunity” to reposition the complex with a new name and significant capital improvements, the investors said in a statement.
“We have a great deal of experience and have been extremely successful with this type of project in the past,” said Dan Braun, owner of Braun Enterprises, who represented the partnership. With the help of Boxer Property "We hope to quickly stabilize the asset and make it stand out as a premier office complex in the South Austin landscape.”
“Boxer Property is extremely pleased to have been chosen by Braun Enterprises to manage this group of buildings. Braun is a company we have long worked with and admired. By partnering on this assignment, we are certain we can deliver exceptional results for Braun and provide superior service to the buildings’ tenants,” said Andrew Segal, President of Boxer Property.
Boxer Property’s management leadership team will work alongside Braun Enterprises’ asset managers to promote the quality of these assets. This is Boxer’s second management and leasing assignment in Austin, and Doug Pack, Boxer’s Director of Asset Management believes that Boxer’s model is very well suited for the Austin market and is looking forward to expanding their local footprint.
About Braun Enterprises
Braun Enterprises purchased its first office warehouse project in 1989 and since that time has purchased or redeveloped approximately 1,900,000 square feet of commercial real estate projects. The company has successfully managed, leased and operated these projects as separate businesses. Braun Enterprises currently operates and manages approximately 1,400,000 square feet of multi-tenant office, office warehouses and retail centers with more than 600 tenants. Please visit our web site at www.braunenterprises.com.
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 leasing services, transforming 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, publically traded REITs, public small cap companies, lenders and servicers, and private companies and investors. For more information please visit: www.BoxerProperty.com