January 9, 2018 (Houston, TX) – Houston-based Boxer Property is pleased to announce the full building renovations completed for the 44,000 square foot office building at 8100 Washington Avenue in Houston, TX. Boxer Property led the efforts to re-position the property on behalf of its third party client, explained Stephen Kradjian, who oversees Boxer’s Asset Services group. “We were able to leverage upon our extensive in-house experience to deploy accretive capital to transform the property. We plotted out the investment strategy with ownership and accomplished the transformation within six months. Ownership is ecstatic with the resulting immediate increase in occupancy and rental rates.”
Upgraded interior features include a completely redone lobby area, renovated first and second floor common areas, renovated restrooms, and the installation of new artwork and furniture. Approximately 9,000 square feet of Boxer Property’s signature executive suites, Boxer Workstyle, was to be integrated into the first floor improvements. However the space was leased in its entirety to Gulf Coast – Old Castle Materials prior to construction completion, bringing occupancy to over 92%.
The property will include new outdoor amenities featuring a collaborative deck area as well as full exterior renovations, including the addition of all new landscaping and fencing, renovated exterior lighting, art sculpture, new sidewalks and exterior paint scheme. A covered pavilion with outdoor lounge seating will also be made available to tenants. As part of the complete overhaul, major upgrades to HVAC with the replacement of 2 RTPU’s (Roof Top Package Units) for the property.
John Barone, Senior Design Manager at Boxer Property, gives insight on the massive project. “The fun part of this project was to think of simple ways to transform an otherwise nondescript building,” Barone states. “The exterior was transformed by a new coat of paint that modernized the building into a simple floating white box over the grassy new landscape and offsets the existing large pine trees that surround the building. The interior was updated with simple, yet modern finishes that give visual interest and texture, making this building feel current and fresh.”
Boxer Workstyle executive suites are a hybrid of coworking and private offices that give entrepreneurs and small business owners the ability to rent individual spaces at a fraction of the cost of traditional office spaces. As Boxer Property has over 45 Workstyle locations nationwide, Workstyle tenants will have full access to other Workstyle locations across the nation, giving them the ability to conveniently work outside their market.
Located within the Inner West Loop, 8100 Washington Avenue features easy access to major Houston highways including, I-10, I-45, I-610, and Hwy 290. Within the vicinity is Memorial Park, which includes a beautiful golf course, running trails, tennis court, and the Houston Arboretum & Nature Center. Having an office at 8100 Washington Avenue means you’ll be in close proximity to The Galleria and the Uptown area. Neighboring areas include Heights, River Oaks, and Timbergrove.
About Boxer Property
Boxer Property is celebrating over 26 years as an innovative commercial real estate investment and management company that specializes in maximizing the value of under-performing and challenged properties through aggressive leasing and hands-on management. Founded in 1992, Boxer Property Management Corporation is a privately held firm based in Houston that manages, leases, and administers retail, medical, hospitality, residential and office properties with over 16 million square feet across more than 120 locations, nationwide. For more information, visit BoxerProperty.com
Contact:
Stephen Kradjian
Asset Management
[email protected]
713-586-1575
