PRESS RELEASE: SkyWalker Property Buys 100% Leased, Industrial Asset in S. Fort Worth

FORT WORTH – In an off-market transaction, SkyWalker Property Partners has acquired a fully leased industrial asset in South Fort Worth for Hangover Opportunity Fund LLC, which has added 11 properties to its portfolio in seven months.

The in-place triple net lease is held by May Group International, the world's leading manufacturer of aluminum gasoline price signs. Located at 1200 Forum Way S. in Carter Industrial Park, the two office/warehouses – 60,000 sf and 78,000 sf – serve as the corporate headquarters and production facility for the 67-year-old company.

"It's a solid core industrial asset with a good-quality long-term tenant," says Theron Bryant, principal of SCM Real Estate Services of Arlington. "I have an excellent longstanding relationship with the seller, which facilitated the opportunity for SkyWalker Property."

Acquired from RR May Landholdings LLC, the 11.46-acre tract has four acres of developable land for expansion. The property is positioned off Everman Parkway, close to Interstate 35W.

"There's a lack of quality manufacturing and warehouse space in that square footage range in the Fort Worth market," says Bryant, who single-handedly brokered the transaction. "It's a good long-term investment that was acquired below replacement cost."

The 60,000-sf, fully air-conditioned building has 10,000 sf of corporate headquarters space and 50,000 sf of warehouse area. An adjacent structure contains 500 sf of office area and 77,500 sf of warehouse space with 25-foot to 30-foot clear heights, six dock doors and two grade-level ramps.  In addition to headquarters and production, May Advertising also houses design, shipping and arehousing functions in the buildings.

Launched in 1946, the company is now regarded as a global leader of the screen-printing and custom sign industry. In 1956, May Advertising was asked by a local oil company to manufacture a changeable pricing system for gasoline advertising – an innovative idea that soon became a standard for consumer marketing worldwide.

The Forum Way property is Hangover Opportunity Fund's third acquisition in five weeks and 11thsince May. In mid-October, the fund closed on the 110-year-old Hughes Brothers Candy Factory at 1401 S. Ervay St. in downtown Dallas. Two weeks ago, it bought a former antique mall at 1715 E. Lamar Blvd. in Arlington. The $100 million fund has successfully closed numerous off-market and foreclosure transactions since its launch three years ago, emerging as a well-known buyer of value-add and distressed office, industrial, retail and residential properties in Texas and surrounding states.


To schedule an interview:

Theron Bryant, 817-226-5000




Skywalker Property Partners identifies, underwrites, acquires and executes highly opportunistic and value-add investments on behalf of the Hangover Opportunity Fund LLC, formed in 2010 to build a $100 million portfolio of office, industrial and retail properties in Texas and surrounding states. The strategy targets transactions from $1 million to $10 million. Additional information about the investment group is available at



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