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1715 Lamar

1715 Lamar, Arlington

Total SF: 41,680 SF

Date Acquired: November 2013

Investment Summary: 

 

Vandergriff Town Center

Vandergriff Town Center, Arlington

Total SF: 28,221 SF

Date Acquired: August 2013

Investment Summary: This 2 story property was originally developed (not by SPP) for retail on the first floor, with a full floor office tenant on the second floor. Leasing of the retail was slow, and the property lost its second floor tenant, which led to foreclosure for the original owner. Its good fundamentals and close proximity to the SPP office, along with aggressive pricing by the foreclosing bank contributed to the decision to acquire the property. Since acquisition leasing of both retail and office have increased from 45% to 85%.

 

The Historic V

255 N. Center St., Arlington

Total SF: 15,085 SF

Date Acquired: July 2005

Investment Summary: The historic building, currently fully leased, represents a "labor of love" for SkyWalker Property Partners. Five years were invested into renovating the two-story building, now listed on the National Register of Historic Places. Acquired in 2003, the building is the headquarters of our affiliate, CBC Alliance.

Governors Row

2001-2021 E. Lamar Blvd., Arlington

Date Acquired: July 2007

Redevelopment Summary: Priming the investment with a "sale or lease" strategy, we acquired 10 buildings on separately platted tracts. A Property Owners Association was formed, deferred maintenance addressed and aesthetic improvements made to underwrite our plan to resell the buildings as individual investments. Two structures were sold to users/small investors within 15 months of our acquisition. Through ongoing sales efforts, the portfolio has been reduced to four buildings, which are being actively marketed.

255 N. Center Street | Suite 200 | Arlington, TX 76011 | 817.226.5000