May 3, 2016
SkyWalker Property Partners has acquired a 72,518-square-foot, Class A office building in Arlington TX as the first property for its Opportunity Knocks Fund. The buy from TIC-Highlander Building LLC is in preparation for a capital raise launch in June.
The 40%-leased office building at 701 Highlander Blvd. is situated on 4.6 acres, and includes a T-Mobile cell tower. At least $400,000 will be invested by SkyWalker into deferred maintenance and upgrading of the a 30-year-old structure. Roughly $150,000 is earmarked to fix waterproofing issues with the roof, windows and granite-clad skin panels.