HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of James Plaza, (right top photo) a 42,788-square-foot office building in Houston.
HFF senior managing director Dan Miller and associate director Marty Hogan led the investment sales team on behalf of the seller, BGK Group. 3934 FM 1960, L.P., affiliated with Boxer Property of Houston, purchased the asset for an undisclosed amount free and clear of debt.
James Plaza is located at 3934 West FM 1960 approximately 18 miles northwest of downtown Houston. The property is currently 50% leased to tenants including Prosperity Bank and Realm Properties. Situated on a two-acre site, James Plaza is close to numerous restaurants and retail centers and offers tenants drive-thru banking service and floor-to-ceiling glass offices.
BGK Group is a privately-owned real estate investment company based in Santa Fe, New Mexico. BGK currently owns and manages approximately 20 million square feet of commercial properties and apartments geographically dispersed across 29 states. For further information and a complete list of its properties, please visit the website: www.bgkgroup.com.
Boxer Property Management Corporation was founded in Dallas, Texas in 1992 to acquire, manage, lease, administer and sell closely held commercial properties. Since 1992, Boxer has operated over 100 properties totaling over 10,000,000 square feet.
For further information and a complete list of its properties, please visit the website: http://www.boxerproperty.com.
Contacts:
Laurie Fish McDowell
HFF Associate Director |
One Post Office Square, Suite 3500 |
Boston, MA 02109
lmcdowell@hfflp.com
Martin T. Hogan
HFF Director
713 852 3500
mhogan@hfflp.com
H. Dan Miller, CCIM, SIOR
HFF Senior Managing Director
713 852 3500
dmiller@hfflp.com
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