BREAKING NEWS

Central Park Post Oak Coming to Galleria Area

Construction Tops Out at Office Tower

RNR Real Estate Briefs – Texas & more

Mixed-Use Project Kicks Off Near Texas Medical Center

Home staging insights from NAR survey

Triten Starts Big Industrial Project in North Houston

REALTY NEWS REPORT - Logo

Downtown Houston
RNR-RalphBivinsProject-Interviews
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

SkyWalker Buys Grapevine Office

by Realty News ReportOctober 12, 2011
Share0

GRAPEVINE, Texas –  SkyWalker Property Partners has acquired a two-building office complex, totaling 58,860 sf, in Grapevine, from special servicer, CWCapital LLC. 

Gary Walker, president of Arlington, Texas-based SkyWalker Property Partners, had placed an offer on Grapevine I and II, located at 3500 and 3600 William D. Tate Ave., respectively, when it came to market earlier this year, but landed in the runner-up’s position.  “When the deal fell out, we jumped on it quickly. It was a 30-day look and 15-day close,” Walker says.

 The 5.64-acre property is visible from Texas 121, strategically positioned near the junction with Texas 114 and 360. Grapevine I and II captured Walker’s interest for its location, value-add opportunity with 48.8% occupancy and repositioning potential.

 The 38,709-sf Grapevine I, developed in 1998, has two tenants and the balance of its second-generation space in shell condition for lease at $15.50 per sf plus electric. The 20,151-sf Grapevine II, completed in 1996, has one of three suites occupied and is available for lease, but is also for sale at approximately $1.52 million.

Share0
previous post
Residential Acreage Sold in Houston
next post
Blackrock Projects Solid Commercial RE Returns

Related posts

Central Park Post Oak Coming to Galleria Area

Realty News ReportJune 4, 2025

Construction Tops Out at Office Tower

Realty News ReportJune 3, 2025

RNR Real Estate Briefs – Texas & more

Realty News ReportJune 1, 2025June 1, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

CommGate
new version
ECD-RealtyNewsReport-Ad-300x250
Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
RNR Ad 030124
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
230725-RNR_Digital-Ad_Red
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact