DALLAS—The Centre office park in Farmers Branch, just north of Dallas, was purchased by Houston-based firm Boxer Property. The 11-building, 817,000 square-foot campus is the largest single acquisition in the company’s history and brings Boxer’s total Dallas portfolio to nearly 6 million square feet and more than 50 buildings.
“The Centre offered us the opportunity to expand our Dallas presence with a portfolio of buildings we know we can be successful with especially since the LBJ Express Project seems to be ahead of schedule,” said Andre Pereira, Boxer Property Director of Acquisitions. With additional land on the property “the project also offers opportunity for potential redevelopment of some of the campus,” Pereira continued.
Boxer will be incorporating its new coworking “Workstyle” office designs within The Centre spec build-out which includes not only more contemporary finishes, but a collaborative work environment layout. Workstyle blocks will be about 2,000 – 5,000 square feet, however, the tenant has the option to take a single office and expand as their needs evolve, said Pereira. The Centre complex, which had been owned by a partnership that includes Canadian interests, is located near the corner of Alpha and Midway roads near the LBJ Freeway.
Boxer recently purchased 4100 Spring Valley in Dallas, as the real estate firm continues to aggressively seek additional acquisition opportunities in Texas, explained Pereria in a statement. Founded in 1992, Boxer Property Management Corporation is a privately held firm that manages and leases 18 million square feet nationwide.