SkyWalker Property Sells Three Revamped North Texas Properties
After renovating three North Texas properties in its portfolio, SkyWalker decided it was time to respond to a red-hot market. Founder Gary Walker said the time was right, “We had a tremendous number of offers, it sold in less than a month…there is a lot of capital chasing investments in Texas.”
One property in Waxahachie, was the former home of a local newspaper. Walker spent nearly $2.5 million to convert it into a single-tenant building. A Wichita Falls parcel went from being a call center to a grocery store. A second Wichita Falls property went from being a retail center to a government-leased asset.
Walked added this about his current strategy, “We are in harvest mode and it’s a good time in the market to do so. We aren’t long term holders. We’re in moving, not storage.”
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.