Boxer Property Makes Grand Entrance to the Atlanta Commercial Market
- Mar 03, 2012
Boxer Property—a Houston-based privately held commercial real estate firm—recently acquired its first Atlanta property, the historic Hurt Building in downtown Atlanta.
Designed in 1913 by architect Joel Hurt, the building is one of Atlanta’s oldest skyscrapers; the 18-story, 436,340-square-foot Hurt Building incorporates both classical architecture and modern amenities, and it has been awarded LEED Gold Certification by the U.S. Green Building Council. Located at 50 Hurt Plaza—in the central business district of downtown Atlanta—the property is easily accessible by Interstates 85, 75 and 20, as well as the MARTA commuter rail. The Government District, Georgia State University and other cultural and entertainment destinations are all within walking distance.
“We are excited our first building in Atlanta is such a historic icon in downtown, adjacent to Georgia State University,” said Boxer’s Acquisitions Director, David Kayle. “We have earmarked significant capital to enable the Hurt Building to aggressively pursue an accelerated lease-up. We hope this acquisition in Atlanta will be the first of many as we look to open up this new market,” said Andre Pereira, Boxer’s acquisitions director.
Boxer Property represented itself in the purchase, while the seller was represented by Jay O’Meara and Will Yowell of CBRE’s Atlanta office. No financial details of the transaction have been released.
Founded in 1992, Boxer Property is a privately held commercial real estate firm specializing in maximizing value of underperforming and challenged properties through aggressive leasing and hands-on management. Boxer Property currently manages and leases more than 15 million square feet of both office buildings and retail malls across the United States.