Wilson & Stonaker, L.L.C. (“W&S”) is a full service commercial investment real estate firm. While W&S does some tenant and owner representation work, the majority of its focus is on the acquisition, development, and syndication of value-added real estate transactions. This work is both for its own account and the accounts of its investors and third party brokerage engagements. William E. Stonaker is the company’s manager.In the late 1970s and early 1980s, William E. Stonaker (“Stonaker”) was active in the rejuvenation of Old East Dallas, especially the “M” streets and the Swiss and Gaston Avenue areas in the purchase and rehabilitation of historic single and multi-family residential properties.
During the mid-1980s, Stonaker became active in the Oak Lawn Design District and the Stemmons Freeway Trinity Industrial area in purchasing office warehouse and showroom properties. Later, that was expanded to include properties in North Dallas.
During the late 1980s and early 1990s, Stonaker was involved in the disposition of several large office and office showroom properties for the FDIC and other government contractors. It was at this time that he also became interested in the value added approach of purchasing properties which were prime for a use change, re-tenanting, and development of land properties. Those properties were sold.
In 1996, Wilson & Stonaker, L.L.C. moved its offices to Tarrant Countyto be better positioned to take advantage of the fast growing Tarrant County and south Denton County markets. The company’s first major investment in this area was as a participant (with several of its investors) in a thirteen acre tract of land in Keller, Texas. The tract was sold to Minyard’s Grocery Stores after a pad site was sold to McDonald’s.
Much of the time between the mid-1990’s and 2008 was spent doing vertical development in Tarrant County and elsewhere. One project worth noting is Landmark Lakes, a 36 acre retail project that is anchored by Lowe’s Home Improvement, Best Buy, 24 Hour Fitness, Buffalo Wild Wings, Logan’s Roadhouse and other retailers.
Across the street from Landmark Lakes is Landmark Quebec, a 206 acre mixed use project anchored by Starplex Cinema and a soon to be developed 47 acre hospital site owned by Texas Health Resources.
Currently we are focused on continuing our development projects and acquisition of distressed notes and improved property that can be repositioned to take advantage of the real estate recession that materialized in 2008. Plus we are working on several land projects that can be acquired at deep discounts.