Search
 

SkyWalker Snags Foreclosed 144,000-SF Industrial Complex

GRANDVIEW, TX-The Arlington, TX buyer acquires the three-building asset in Johnson County from US Bank for its Hangover Opportunity Fund. Plans are to invest approximately $250,000 in upgrades.

By Amy Wolff Sorter | Updated on June 17, 2013

GRANDVIEW, TX-SkyWalker Property Partners has acquired a 144,500-square-foot foreclosed industrial complex, with plans to beef up and lease up the property. The Arlington, TX-based buyer struck a deal for the asset with US Bank and plans to invest $250,000 in the 87.9%-occupied property located in Johnson County.

Situated on 16.8 acres at 8800 E. Farm-to-Market 916, SkyWalker claimed the asset for its Hangover Opportunity Fund, which is seeking out distressed commercial office, retail and industrial properties. However, “It is getting harder to find distressed properties out there,” says Clint Holland, acquisitions director for North Texas-based SkyWalker Property, the fund’s managing partner.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.