Arlington, TX-based SkyWalker Property Partners acquired the first industrial asset for its Cash Flow Fever fund, signing a sales-leaseback agreement with AMACS Process Tower Internals. AMACS inked a 15-year lease, with annual rent increases, as part of the trade for its 67,161-square-foot office/warehouse at 14211 Industry St. in southwest Houston.

Clint Holland and Gary Walker represented the buyer of record, Houston, We Have a Solution LLC. AMACS’ predecessor, Amistico Separation Products Inc., listed the property with Zane Marcell of JLL, who negotiated on behalf of the seller. AMACS provides components for process towers and vessels in the refinery, petrochemical, gas processing and industrial sectors.

“We’re looking at other properties that are similar to this one, including in smaller markets like Tyler and Tulsa. We really like this asset class from an investment perspective,” said SkyWalker’s Holland.

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