Monday, January 11, 2010

Houston investor buys Carillon Towers on Preston Road

A Houston investor has purchased two North Dallas office buildings. Boxer Property said Tuesday that it bought the Carillon Towers at 13601 Preston Road north of LBJ Freeway.

The 11- and 10-story buildings have more than 261,000 square feet of office space and are 86 percent leased.

Boxer Property bought the buildings – which were constructed in the early 1970s – from a California investor that had owned the property for more than a decade.

Terms were not disclosed, but the buildings are valued for taxes at more than $11 million.

Boxer Property was founded by Andrew J. Segal and has acquired more than 100 buildings during the last 18 years. It owns properties in Austin, Dallas, Fort Worth, Houston, Cleveland, Hartford, Kansas City and Long Island. It owns more than a dozen buildings in the Dallas area.

Dallas Morning News

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