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Lumber Exchange
Details
Location
Sioux Falls
Building Type
Office
Value
$23.7 million
Size
130,000 SF
Delivery Method
CMAR
“Lloyd Companies is a flexible partner who faces challenges with a positive outlook and a creative problem-solving approach.”
Schoeneman Lumber Company
In 2010, Lloyd Companies partnered with owner Al Schoeneman to create the Lumber Exchange Building, a new four-story office and retail complex that would revitalize that area of downtown. While the structures came down easily, the property needed remediation. There was contamination from off-site bleeding onto the site through groundwater. In addition to redeveloping a significant downtown property, the Lumber Exchange allowed a key office user to remain in the center of the city.
