Stonelake Capital Partners

In January, Stonelake Capital Partners will complete construction of the first phase of 415 Colorado, our Class AA, 47-story, 328-unit mixed use residential tower with 110,000-sf of office in downtown Austin. https://lnkd.in/geXqzgWQ

Stonelake Capital Partners purchased 16 acres of land near DFW International Airport for a new industrial development. "Stonelake Skyport" will be comprised of two buildings at 800 South Royal Lane, spanning ~282k square feet. https://lnkd.in/g4VSQpGV

Texas-based Stonelake Capital Partners acquires two buildings near Phoenix Goodyear Airport totaling 726,802 square feet in an all-cash deal for $108 million. The buildings were purchased through Stonelake's $746 million seventh discretionary private equity fund.

Last week, Stonelake Capital Partners welcomed our 2024 Summer Analysts with tours of some of our marquee Austin assets - 415 Colorado, a 47-story Class-A mixed use tower with 328 multifamily units and 110,000-sf of office in downtown Austin, which is set to deliver in Q1 2025. Additionally, our new interns toured Georgetown Logistics Park, the recently completed Class-A industrial development north of Austin along I-35 (3 buildings, 618k sf).

Last night Stonelake Capital Partners had the privilege of hosting a table at the Navy SEAL Foundation's 2nd Annual Dallas-Fort Worth Evening of Tribute. We honored the fallen and lifted up these American heroes while supporting a cause which will provide critical programs to active and veteran SEALs and their families. We are forever grateful.

Last week in Austin, Texas, we celebrated the topping out of 415 Colorado - Stonelake Capital Partners' 47-story, 328-unit residential tower with 110,000-sf of office. First residential units are scheduled to be delivered in Q1 2025 and office space in Q4 2024. Upon completion, 415 Colorado will be the 4th tallest residential tower in the State of Texas! This project would not be possible without the multitude of partners involved - many thanks to you all!

We are pleased to announce the opening of Little Rey restaurant (a Ford Fry concept) at Stonelake’s Park Place development in Houston! Experience the fast-casual, Northern Mexico-inspired taco shop near River Oaks. #LittleRey #StonelakeCapitalPartners #ParkPlace #FordFry

Dallas Morning News Article on Joint Statement from Friendship-West Baptist Church and Stonelake Capital Partners: Stonelake Capital Partners acquired a 20-acre property in 2021 along Interstate 20 which is fully entitled and required no change to the existing zoning. While Stonelake arguably has the property rights to build a warehouse, ultimately a warehouse is not what the community wants, and Stonelake does not desire to be in conflict with the community. As leaders for our respective organizations, sharing a common Christian faith, we have kept the lines of communication open in the hopes of resolution and collaboration, and we both concluded that we could accomplish more by working together than by working in conflict with each other. In scripture, it is written in Matthew 5 “blessed are the peacemakers” and we have both decided to pursue peace rather than pursue further litigation. To that end, Stonelake has withdrawn its application for a warehouse building permit and all litigation has been dismissed. We hope to work together toward an outcome for the property which is both beneficial and agreeable to the community. We are in this together, Pastor Frederick D. Haynes Friendship-West Baptist Church Kenneth E. Aboussie Jr. Stonelake Capital Partners https://lnkd.in/gQwb6DrY

Stonelake Capital Partners was founded on and seeks to model core Christian principles of honesty and that all people are equal in God’s eyes. These values have been central to Stonelake over our 17-year history. Stonelake has a culture of integrity and a reputation of positive engagement with the communities in which we invest.   From the start of our involvement (over 2 years ago) with the property along Interstate 20 and Wheatland Road, Stonelake has been both attentive and forthcoming with community stakeholders and has met with leaders at Friendship West Baptist Church on over 6 occasions. During those conversations, members of the church’s leadership understood our development plans for a Class-A warehouse and stated (prior to our closing on the property) “we wish you success with your development” along with their commitment to being good neighbors.   Stonelake has never sought a change of zoning for the property – Stonelake acquired the property in 2021 along with the rights for its allowed uses - of which industrial warehouse is a permitted use. We remain committed to our investment along Interstate 20 which will create new jobs and become a place of employment for many. We also hope to find common ground with Friendship West Baptist Church while protecting our investment.   Stonelake takes pride in our long history of responsible development of first-class properties and working closely with the communities in which we invest. Attached are photos of other Stonelake investments in North Dallas (McKinney), East Dallas (Balch Springs), North Austin (Georgetown) and West Houston (Katy). Any attempt to state that Stonelake has targeted a specific neighborhood by our developments is false and not consistent with the facts or Stonelake’s core values.   Over 180 million square feet of new industrial warehouses have been developed in Dallas-Fort Worth over the last 5-years, according to CBRE. The proposed development by Stonelake on Interstate 20 is 277,000 square feet, or 0.15% of the new industrial space added in Dallas-Fort Worth over the last 5-years. See the below link for the related press release and imagery: https://lnkd.in/gQHAkDd4

Members of our Dallas team represented Stonelake at the 2024 #CycleforSurvival kick-off event on Saturday. The Cycle for Survival community has already raised $16M in the 2024 season to continue the fight to beat rare cancers! 100% of every dollar raised goes to Memorial Sloan Kettering Cancer Center to support pioneering research and lifesaving clinical trials. Stonelake is proud to support this great cause!