Stonelake Capital Partners’ Post

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

Stonelake-Interstate-20-Development-2.pdf

Stonelake-Interstate-20-Development-2.pdf

stonelake.com

To view or add a comment, sign in

Explore topics