“Retail Repositioning in a Prime Location”
Stonelake purchased a fee simple interest in a 58,285-sf retail building formerly occupied by Sutherlands Lumber located on Highway 281, the main thoroughfare in Marble Falls, Texas. We have subdivided the existing building into separate retail spaces leased to Goodwill and Spec’s, and are currently constructing a 15,000-sf building on the outparcel pad. The retail center will provide new retail amenities to the city of Marble Falls.
Location: Marble Falls, Texas
Submarket: Highway 281
Investment Date: August 2012
Property Type: Retail