Category: Press Releases

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

ARLINGTON, Texas – Skywalker Property Partners has launched its fourth and largest fund, The Leverage Strikes Back LLC, a capital raise with the capacity to make up to $250 million of opportunistic investments in Texas and surrounding states.

North Texas-based Skywalker Property is the fund’s manager. The $20 million capital raise was completed during Q1.

“By year’s end, we anticipate the market will be faced with a wave of maturing loans as owners struggle with refinancing, under-performing projects and tighter capital conditions,” says Gary Walker, president and founder of Skywalker Property Partners. “Our new fund is well-positioned to capitalize on these opportunities.”

The fund will target investments with opportunistic return profiles in the $10 million to $30 million range from brick and mortar to note-buying to joint venture private equity, including distressed assets and new developments. The team has already placed its first contract: a project in the Interstate 35 corridor of Texas.

“We have the agility to meet the market whatever the opportunities may be,” says William Welder, Skywalker Property’s director of acquisitions and capital.

The acquisition strategy will be aimed at multiple asset classes located in primary, secondary and tertiary markets. If all goes as planned, the fund will be 100% invested by December 2025.

“The new fund is a milestone. It’s the largest in our history and a significant shift from our two-year focus on dispositions,” Welder says of the 33-year-old firm.

Skywalker Property’s team will use its deep ties in real estate and banking communities to source investments, as it’s done in the past. It’s anticipated opportunities will abound if interest rates remain at the current level or continue to tick up, further impacting the availability and affordability of capital for critical needs, such as refinances.

“We have longtime relationships with community banks that will enable our success. We are grateful for their steady partnerships,” says Welder, who led commercial real estate lending for One of the nation’s 10 largest financial institutions before joining Skywalker Property in 2021.

The availability of joint venture equity, in essence, is a value-add opportunity for developers and investors facing capital shortages for construction starts, completions or improvements to existing projects being primed for repositioning. The fund manager envisions a portfolio with a balanced mix of asset classes – medical, senior housing, residential and commercial condominiums, retail, mixed use, office and industrial.

“Skywalker Property’s platform and ability to fund investments will benefit our sponsor-partners, who are starting to do larger and more complicated deals,” Welder says. “For investors like us who specialize in opportunistic deals, we may be on the precipice of some attractive opportunities.”

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FOR ADDITIONAL INFORMATION:

William Welder, 817-898-0244

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Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com

ARLINGTON, Texas – Skywalker Property Partners has sold a fully leased shopping center in East Texas and a vacant office flex project in Tulsa for its managed fund, Cash Flow Fever LLC, after reaching its investment goals within a four-year hold.

The Texas property is the 30,977-sf High Plaza Shopping Center at 2430 S. High St. in Longview, where Skywalker Property has opted to hold onto the anchor space for the fund’s portfolio. In Tulsa, the disposition is a 20,160-sf office flex project at 3717 S. Sheridan Rd., which was part of a two-building educational campus that was divided in two and sold separately.

“The dispositions were successful investments that had run their course in the fund,” says Gary Walker, managing principal and founder of North Texas-based Skywalker Property. “We take pride in making places better and achieving superior returns for our partners, and we accomplished both goals.”

Skywalker has sold the lion’s share of High Plaza Shopping Center to M&L United Property LLC of Dallas/Fort Worth and held onto a 26,400-sf anchor store. That space is the future home of O’Reilly’s Auto Parts, which is slated to open in late Q2.

The 2.91-acre shopping center was on the market about four months, with M&L banking the win as the highest of three offers. Under Skywalker Property’s watch, High Plaza underwent a major renovation to upgrade the center’s exterior, including the roof, and the parking lot, lighting and monument sign.

“It was an extensive facelift that delivered value for the market,” says Chris Aguilar, Skywalker Property’s asset manager. “O’Reilly’s coming in is a boon for the neighborhood.”

High Plaza is located near the junction of three main arteries in Longview, the county seat of Gregg County and an outdoor recreation hub. The tenant mix features national, regional and local retailers, including Family Dollar, Wing Stop, Metro By T-Mobile and Little Caesars.

The Tide is High Plaza LLC is the seller of record. Tim Axilrod of SHOP Cos. represented the seller and Long Ly of William Davis Realty brokered the deal for the buyer.

In Tulsa, Skywalker Property is exiting the market with the sale to Gravley Holdings LLC, a local digital sign maker and manufacturer. The 1.76-acre project, totaling 20,160 sf, is located at one of the city’s busiest intersections, Interstate 44 and Hwy 64/51 (Broken Arrow Expressway).

“The building is perfect for an owner-user because of its location and size. We’ve just been waiting for the right one to come along,” Aguilar says.

Skywalker Property’s value-add strategy for the educational campus went into play early last year when the net-lease tenant, Miller-Motte College, consolidated into one building and left the fund with a vacant structure. The property was split in two, with the leased piece selling in December 2022. The fund manager also sold the on-site billboard for a profit in a separate transaction that closed earlier this year.

Cash Flow Fever is a yield fund focused on acquiring income-producing properties with upside that can be achieved through renovation and repositioning strategies like separating assets into two pieces to achieve higher yield. The typical hold is four years, with selective assets held for long-term cash flow.

Cooking with Gas LLC, the seller of record, was represented by Michael Schnake and Ward Seibert of Oil Capital Commercial Real Estate Services. The buyer was self-represented.

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FOR ADDITIONAL INFORMATION:

Chris Aguilar, 817-898-0323

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Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com

ARLINGTON, Texas – In a strong close-out of 2022, Skywalker Property Partners has sold a trio of office properties in North Texas and Oklahoma on behalf of three managed funds.

The crown jewel of the divestiture was Brookhollow Riverside, a 119,121-sf office building at 2505 N. TX 360 in Grand Prairie. The disposition also included Crescent Parc, a 61-unit medical and office condominium project at 1400 N. Coit Rd. in far north Dallas, and a 36,590-sf office project, home to Miller-Motte College, at 3801 S. Sheridan Rd. in Tulsa.

“We’re proud of all three projects. They were successful investments that illustrate our ability to create value using multiple strategies,” says William Welder, Skywalker’s director of acquisitions and capital.

Brookhollow Riverside is a prominent freeway-fronting office building that Skywalker has owned since 2006. It was 90% occupied at sale time.

Tom Strohbehn and Scott Farber of Younger Partners marketed Brookhollow Riverside for the seller of record, Down By The Riverside LP. Multiple offers were received, with a Houston-based 1031 Exchange buyer, 2505 North State Hwy LLC, winning the deed. The buyer’s principal was Howard Heald of Silver Creek Realty Advisors LLC.

“We were fond of that asset,” Welder says, “but it was the right time to sell. In spite of general headwinds facing office properties, there is still strong demand for quality multi-tenant assets with a good amount of term remaining on leases, as was the case with Brookhollow Riverside.”

The eight-story structure and parking garage are situated on a 3.3-acre tract with unobstructed visibility from TX 360 and close to Dallas/Fort Worth International Airport. The tenant mix includes multiple federal and state government agencies.

Skywalker’s investment in Crescent Parc in 2021 catapulted the team into a development role for a partially finished medical and office condominium project in McKinney. Capitalized by the When Opportunity Knocks fund, construction was completed on 14 buildings, resulting in the sales of 61 turn-key medical and office condominiums, totaling 64,088 sf, by the end of Q4 2022.

Joe Martinez and Tonya La Barbera of Legacy Commercial Realty represented the seller of record, McKinney Sunrise LLC, for Crescent Parc’s Phase I. The 5.83-acre project is located near the Dallas North Tollway, Preston Road and US Hwy. 380.

Skywalker went the auction route to sell the Tulsa property, which is fully occupied by Miller-Motte College. Underwriting the disposition strategy was a brand-new 10-year net lease.

“It was a strategic decision to take it to market via an auction platform,” Welder says. “We wanted to reach as broad of an audience as possible to maximize the value of the net-leased asset.”

Ten-X was the auction intermediary, with Exponentally Inc. of Houston placing the winning bid. Developed in 1982 and renovated in 2008, the two-story office building is situated on 2.02 acres within a block of Interstate 44.

The Tulsa asset has been in the portfolio of Skywalker’s Cash Flow Fever fund since 2019. Jason Little, Will Lightfoot and Matt Maguire of the SHOP Cos. represented the seller of record, Cooking with Gas LLC. The buyer was self-represented.

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FOR ADDITIONAL INFORMATION:

William Welder, 817-898-0244

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Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com

FORT WORTH – Skywalker Property Partners has purchased a fully leased, class A retail/residential property in downtown Waco in an off-market deal and sold a 227,891-sf office building in North Dallas on behalf of its investment fund, When Opportunity Knocks LLC.

In taking the deed to 330 Austin Ave., the new owner has renamed the project, formerly Austin Avenue Lofts, to The Balconies Downtown. It is a mix of two street-level retail spaces and 41 apartments, all of which are earmarked for future condominium sales. City hall, the convention center, a public park and the world-famous Magnolia Market at the Silos are within walking distance of the property.

Skywalker Property, an experienced condominium investor, has purchased Austin Avenue Flats from the lender. The condo resale play got underway at the closing table with the sale of a 3,500-sf retail condo, leased to American Bank, to a private local investor.

“On day one, we bought and sold that one piece,” says William Welder, acquisitions director for the North Texas-based Skywalker Property Partners. “The transition into individual owners of the condominium units was started a few years ago. We intend to finish it.”

Campus Realtors will manage the residential units and property owners’ association, which includes five previously sold units. Skywalker Property, led by founding principal Gary Walker, will oversee the retail component.

The mixed-use building is positioned on 1.47 acres at the corner of South Fourth Street and Franklin Avenue. The three-story project, completed in 2008, also includes a 6,304-sf restaurant occupied by Coach’s xXx Smoke BBQ.

Skywalker was self-represented in the acquisition for the buyer of record, Bear Force One LLC. The seller, 330 Downtown Waco LLC, was represented by Clay Fuller of Coldwell Banker Commercial.

“It was Gary’s ties to Waco through Baylor University, the Baylor Angel Network and previous investments in the market that led to this acquisition,” Welder says. “He knows and likes the market well.”

In North Dallas, private investor Noel Yi has acquired Crosspoint Atrium at 8131 LBJ Freeway from a related entity of When Opportunity Knocks. The eight-story office building, situated on 3.36 acres, was 60.53% leased at sale time.

Skywalker Property acquired the office building in February 2019, investing nearly $1.3 million into upgrades. The asset was actively marketed by Tom Strohbehn of Younger Partners for the sellers of record, Crosspoint My Heart LLC and WalkOn Properties LLC.

“Multi-tenant office buildings present challenges these days so we decided to pare back our investments in that sector,” Welder says. “The LBJ project presented a strong value-add opportunity for the right buyer.”

The Dallas-based buyer has been an active commercial buyer in the past year. He was represented by Dave Van Etten of Trinity Interests.

“He had 1031 Exchange funds to invest. He made a competitive offer and was able to perform,” Welder adds.

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FOR ADDITIONAL INFORMATION:

William Welder, 817-898-0244

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Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of When Opportunity Knocks LLC and Cash Flow Fever LLC, funds formed in 2017 to build a $200 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $2 million to $15 million. Additional information about the investment group is available at www.SkywalkerProperty.com