BOXER TO BUY DENVER OFFICE
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|With two sizable office buildings on its books, Boxer Properties is looking to add to its Denver portfolio.|
|Boxer’s acquisitions head Andre Pereira (here with partner David Kayle) calls Denver “a growth market” and looks to build “a good-sized portfolio” in the metro area. “Denver is somewhat like the Houston and the Dallas markets,” Boxer’s mainstay markets and where it’s based. It’s also pursuing more third-party leasing assignments.|
|But buying may be easier said than done, especially since Boxer mainly pursues value-add plays in the office arena. It owns the 150k SF One and Two Monaco off East Tennessee Ave and Pavilion Towers at 2851 South Parker Rd, a two-building 300k SF complex (above) that's 80% leased. Finding similar opportunities has been elusive. “We’ve made quite a few offers on buildings in Denver,” Andre says.|