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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.

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