Author: Marijke

Skywalker Property Partners has acquired 2301 Eagle Pkwy, a stabilized office investment in the Alliance submarket of Fort Worth, TX, on behalf of its fund, The Leverage Strikes Back LLC.

The ±73,747-square-foot office building is approximately 90% leased and provides in-place cash flow, while offering upside through the execution of a structured leasing plan addressing near-term rollover. The investment was acquired at an attractive basis with in-place income and near-term leasing upside, creating an opportunity to deploy capital into a well-established and fast-growing employment node.

Located within the Alliance corridor, one of North Texas’ most active employment and logistics hubs, the property benefits from strong underlying fundamentals driven by continued corporate expansion, infrastructure investment, and population growth. The submarket’s proximity to major transportation corridors and Fort Worth Alliance Airport continues to support durable tenant demand from a diverse mix of corporate and operational users.

Davidson & Bogel’s Cameron Deptula and Blake Schur represented the Seller, Group O, in the transaction. Jack Mock and Chris Aguilar led the acquisition on behalf of Skywalker Property Partners. This marks the fifth acquisition for the firm’s current fund.

Sept. 29, 2025

ARLINGTON, Texas – Skywalker Property Partners has acquired two industrial assets in North Texas for its current value-add fund, The Leverage Strikes Back LLC. Meanwhile, an older investment vehicle is one step closer to close-out.

The fund manager has scooped up two fully leased projects, totaling 95,000 sf of small-tenant space, in Granbury, an outlying city southwest of Fort Worth. The just-bought properties, with a combined 35 tenants, are:

▪ Old Granbury Industrial Park at 5513-5435 Old Granbury Rd. – 60,000 sf in 11 buildings on 9.33 acres;

▪ And M&M Ranch Road Industrial at 125 and 129 M&M Ranch Rd. – 35,000 sf in two buildings on 5.3 acres.

Skywalker also is under contract to buy 2.8 acres, situated between the two properties, which are earmarked for industrial outside storage and future development. IOS is an emerging markets and sites are in high-demand in many market, including Granbury, which has claimed USA Today’s 2025 nod as Best Historic Small Town in America for the fourth time since 2019.

“Because of Granbury’s building moratorium, there should be a lot of pent-up demand for small tenant spaces and IOS,” says Jack Mock, acquisitions associate for North Texas-based Skywalker Property. “We expect Granbury will grow even faster once new construction can resume.”

Skywalker is planning to renovate both projects and implement Triple Net market-rate leases across the board. Chris Mendez, vice president of SCM Real Estate, will lease and manage the assets.

“We are trying to be strategic, but we do want to get these leases to market rate,” Mendez says. “Old Granbury’s buildings have large yard spaces, which makes them highly competitive.”

Mock brokered the acquisitions for Skywalker Property Partners. Trevor Short of Trinity REIS

Represented Old Granbury’s seller. Parker Lancarte and Sarah Lancarte of Lancarte Commercial negotiated on behalf of M&M’s seller.

The Leverage Strikes Back is a value-add fund with the capacity to acquire more than $200 million of industrial, office and retail properties in major and tertiary markets of Texas. The team is sourcing deals in the $10 million to $30 million range.

“Commercial property sales volume has been very slow so we are pleased to have transacted $44 million in buys since December,” Mock says.

As the portfolio builds for Skywalker’s newest fund, the last brick-and-mortar asset of When Opportunity Knocks has been sold. Chris Aguilar, partner and asset manager of Skywalker, arranged the sale of a 6,304-sf retail condo at 330 Austin Ave. in downtown Waco to Hearsay Gastro Lounge, which was represented by Pete Stewart of Pete Stewart Properties.

Skywalker is now in a position to wind down When Opportunity Knocks by year’s end, with just a minor stake in a hotel left to divest. The Waco project, bought in 2022, features two retail condos and 40 residential condominiums, all of which are now sold.

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FOR ADDITIONAL INFORMATION:

Jack Mock, 817-898-0303

 Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of its fourth discretionary fund, The Leverage Strikes Back LLC, formed in 2023 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $10 million to $30 million. Additional information about the investment group is available at www.SkywalkerProperty.com.

The buyer is re-entering the office market after a seven-year hiatus

DALLAS – Skywalker Property Partners has acquired The Crossings I in North Dallas, snapping up a class A office building in one of the city’s strongest submarkets for its newest fund, The Leverage Strikes Back LLC.

Redubbed to just The Crossings, the 232,541-sf high-profile project is situated at 5429 Lyndon B. Johnson Freeway, part of a true live-work-play neighborhood with the 1.5-million-sf Galleria Dallas as the centerpiece. The Skywalker Property-managed fund’s new holding is 94%-leased, a cash-flowing asset with upside in below-market rents.

“The Crossings was a good fit for us on multiple fronts. The quality of the project’s location, the strengthening of the Lower Tollway submarket and the attractive terms convinced us to re-enter the office market after a seven-year hiatus as a buyer,” explains Gary Walker, managing principal of Arlington, Texas-based Skywalker Property Partners.

Todd Savage of Cushman & Wakefield of Texas Inc. and Ben Esterer and Keenan Ryan, both with JLL, represented the institutional seller, Goddard Investment Group. Jack Mock, Skywalker’s acquisitions associate, and Chris Aguilar, asset manager, took point for the buyer.

“The Lower Tollway submarket has bounced back stronger than other office markets in the city,” Mock says. “That bodes well for continued high occupancy and rent growth.”

According to Q1 office market reports, the DFW Metroplex has experienced two consecutive quarters of positive net absorption. Five of the 10 largest deals to date this year have occurred in the North Dallas corridor.

The 10-story office structure is set on an irreplaceable freeway-fronting site – 2.58 infill acres close to the Dallas North Tollway and surrounded by more than 1,000 multifamily units and premier mixed-use developments, including luxury hotels. The Crossings’ amenities include a tenant lounge, fitness facility with locker rooms, full-service café, 24/7 security, structured parking, on-site management and bank. 

Goddard has owned the Crossings nearly two decades. The office building was completed in 1986 and renovated in 2018.

“Goddard has done a great job with the building. Tenants are happy,” Aguilar says.

The Crossings houses the U.S. headquarters of two publicly traded companies: Rexel USA, the largest tenant with 69,120 sf, and U.S. Lime & Minerals Inc., which occupies 12,425 sf. The roster also includes Prospera Financial Services’ headquarters, totaling 18,193 sf, and Texas Bank, which has a 6,410-sf branch office with a drive-through lane.

Skywalker Property is planning to upgrade the tenant lounge and attached five-story parking garage. Plans are also in the works for spec suites, a first for the office building, which will continue to be leased by CBRE. The buyer will assume on-site management.

The Leverage Strikes Back has the capacity to acquire up to $200 million of commercial assets. Skywalker Property made the close with equity from the fund and short-term seller financing.

“The submarket’s strength and the office market timing make us confident about re-entering the office market even though we are taking on some near-term rollover and financing risk,” Mock says. “We believe we will be able to keep occupancy high and grow rents as well.”

The Crossings is the second asset for the new fund’s portfolio. About six months ago, Skywalker picked up three industrial buildings, totaling 176,700 sf, in Weslaco in the Rio Grande Valley. The team is sourcing office, industrial and retail properties in the $10-million to $30-million range.

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FOR ADDITIONAL INFORMATION:

Chris Aguilar, 817-898-0303

Jack Mock, 817-898-0303

ARLINGTON, Texas –Skywalker Property Partners has closed on two industrial projects in the Rio Grande Valley to jumpstart the portfolio of its latest value-add fund, The Leverage Strikes Back LLC, which has the capacity to purchase up to $250 million in commercial real estate.

The three-building acquisition, totaling 176,700 sf, is situated in Weslaco, a centrally located city in the Valley with economic synergies tied to its proximity to the Mexico border. Skywalker Property, focusing on the value-add potential, has acquired:

▪ A 108,000-sf warehouse at 715 W. Pike Blvd. that’s fully leased to Jefferson Electric Co. Inc. The 9.5-acre site includes 3.5 acres primed for new construction.

▪ A two-building multi-tenant project on 6.5 acres at 308-320 S. Utah Ave. There are seven tenants with staggered lease terms occupying warehouses with 18,450 sf of available space.

Skywalker Property is planning to spend roughly $750,000 to renovate the industrial properties, developed in the 1960s and 1970s, as the first step of a value-add play aimed at increasing below-market rents, leasing the vacancy and curing the rollover risk. The buyer has retained Davis Realty as its management and leasing partner in the city.

The Skywalker Property-managed fund acquired the properties from a local family who’s owned and operated them since the 1990s. It’s the buyer’s first of two closings in the Rio Grande Valley, where another contract is pending on a retail center.

“We like that Valley market and its story. There is steady and sustainable growth from the cross-border trade and spending,” says Gary Walker, managing principal and president of the Arlington, Texas-based Skywalker Property.  “There will be additional opportunities emerging from onshoring tailwinds as the U.S. makes more products and outsources more to Mexico.”

Skywalker Property completed the fund’s capital raise in spring 2023, the fourth and largest in the company’s 35-year history. The fund manager’s disciplined buying strategy is based on sourcing opportunities that can meet its stringent return, risk hurdles and rigorous due diligence.

“I’ve never gone two years without an acquisition, but believe it was necessary to stay disciplined and stick to our underwriting,” Walker says. “I’m thrilled and relieved to be back in the saddle.”

Meanwhile, Skywalker Property is closing out its other funds, divesting all assets in the portfolios. In all, 19 properties were sold in 22 months, the last of which changed hands in early 2023.

By leveraging the fund’s capital, Skywalker Property has the purchasing power to buy up to $250 million of industrial, retail and office properties as well as development land. The team is sourcing value-add assets in the $10-million to $30-million range.

“The stalemate between buyers and sellers has greatly slowed the transaction volume in Texas and elsewhere. Looking ahead, I anticipate increased activity in the first quarter for our investors,” says Walker, who also has a letter of interest resting on an office building in Dallas/Fort Worth.

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FOR ADDITIONAL INFORMATION:

Gary Walker, 817-898-0303

ARLINGTON, Texas – Skywalker Property Partners has leased 19,768 sf to the United Football League to house operations centers for the San Antonio Brahmas and Michigan Panthers, scoring a high-profile win for the landlord’s office portfolio.

The Arlington, Texas-based UFL, owned by Fox Sports, is the culmination of this year’s merger between the XFL and USFL. Each of the UFL’s eight teams has separately branded operations centers in the Metroplex. The just-leased office space at 3301 Airport Freeway in Bedford will be split between the multi-story building’s second and third floors to accommodate the league strategy.

“Having a high-profile national tenant like the UFL choose our building is exciting,” says Chris Aguilar, asset manager for locally based Skywalker Property Partners.

Trevor Brown and Theron Bryant of Transwestern represented the landlord of record, Leasing on a Jet Plane LLC. Dean Collins of Cushman & Wakefield of Texas Inc. served as the tenant representative for the UFL, which kicks off its inaugural season March 30.

The UFL has leased as-is office space that will be utilized for brand-building and support services for the respective teams for the duration of the current season. Both operations centers will be up and running for the start of training camp Feb. 24.

The 86%-leased building, totaling 69,556 sf, was renovated in 2022. The landlord replaced the roof, HVAC system and bathrooms plus added spec suites, fiber optic business service, state-of-the-art air filtration equipment and a digital energy management system.

“The landlord believes the UFL’s presence will bring new energy to the building, which is well-positioned for the league because of the proximity to the teams’ practice facility at Pennington Field and DFW International Airport,” Aguilar says.

The sports world is closely monitoring this year’s merger between the two football leagues. The 

UFL’s 400-plus players practice and live in North Texas, flying to games on weekends to their respective teams’ face-offs. The Arlington Renegades, the 2023 XFL league champions, play at Choctaw Stadium, 1000 Ballpark Way, formerly Globe Life Park.

“Having the San Antonio Brahmas and Michigan Panthers in the Bedford market is a strong economic catalyst,” Aguilar says. “We value our asset highly and are hopeful this lease will lead to a long-term relationship between the UFL and Skywalker Property Partners.”

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FOR ADDITIONAL INFORMATION:

Chris Aguilar, 817-898-0323

Bedford, TX – Skywalker Venture Fund is pleased to announce recent investments in groundbreaking companies that align with the fund’s vision for fostering innovation and disruptive technologies.

OpsLab (Website)

Skywalker Venture Fund has made an investment into the Series Seed round of OpsLab in January 2024. OpsLab is a pioneering flight scheduling and disruption management platform designed to automate scheduling for crew, aircraft, cargo, and pilot training.

Fast Forward (Website)

In a Series Seed 2 round on November 2023, Skywalker Venture Fund invested in Fast Forward, a utility technology company. Fast Forward focuses on automating inspection and documentation processes for electric utilities and municipalities.

Susser Bank (Website)

In December 2023, Skywalker Venture Fund made a significant investment in the equity offering of Susser Bank, a Texas-based community bank. This investment signifies the fund’s confidence in supporting local financial institutions and fostering growth in community banking.

“These diverse investments reflect our ongoing commitment to identifying and supporting companies with transformative ideas and technologies,” said Cate Davis, Investments Analyst at Skywalker Venture Fund. “We believe in the potential of these ventures to shape industries and drive positive change. Our focus remains on fostering innovation and building partnerships with visionary entrepreneurs.”

For more information about Skywalker Venture Fund and its portfolio companies, please visit https://www.skywalkerproperty.com/ventures/.

About Skywalker Venture Fund:

Skywalker Venture Fund is a North Texas-based venture capital firm dedicated to supporting and investing in innovative startups across various industries. With a focus on fostering disruptive technologies and visionary entrepreneurs, the fund aims to drive positive change and contribute to the evolution of industries.

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Media Contact:

Marijke Van Stichel

Director of Administration and Operations

Mvanstichel@skywalkerproperty.com

817-898-0291