{"id":1004655407,"date":"2023-04-04T06:17:01","date_gmt":"2023-04-04T14:17:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004655407"},"modified":"2023-04-04T06:17:02","modified_gmt":"2023-04-04T14:17:02","slug":"stonemont-jv-completes-central-florida-logistics-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/","title":{"rendered":"Stonemont JV Completes Central Florida Logistics Center"},"content":{"rendered":"
\"Topline<\/a>

Topline Logistics Center. Image courtesy of Frampton Construction Co.<\/em><\/p><\/div>\n

The joint venture of Stonemont Financial Group<\/strong> and US Capital Development<\/strong> has completed work on Topline Logistics Center, a 456,540-square-foot speculative industrial building in Ocala, Fla. The partnership financed the project’s construction with a $29 million loan from Ameris Bank<\/strong>, CommercialEdge data shows.<\/p>\n

Built by Frampton Construction Co.<\/strong>, Topline Logistics Center broke ground on a 35-acre site in March 2022. The development team also included Tillman and Associates<\/strong>, which provided civil engineering services; Alper Audi<\/strong> served as structural engineer and HAD Architects<\/strong> completed the building’s design.<\/p>\n

\n

READ ALSO:<\/strong> Why CapRock Maintains Cautiously Optimistic Outlook for Industrial Development<\/a><\/p>\n

\n

Having more than $2 billion in assets under management, Stonemont is also involved in various developments across the U.S. Last month, one of the firm’s projects, a 1.3 million-square-foot industrial park in Summerville, S.C.<\/a>, reached an important milestone.<\/p>\n

In December, Stonemont announced another major industrial project, a 1.4 million-square-foot campus in Murfreesboro, Tenn<\/a>. Completion is expected in the first quarter of 2024.<\/p>\n

A North Central Florida industrial asset<\/h2>\n

Topline Logistics Center is a Class A, cross-dock facility featuring 36-foot clear heights, 96 dock doors, four drive-in doors and 110 trailer parking spaces. The building also includes storefront office space located in three of its four corners.<\/p>\n

Located at 3341 NW 21st St., the property is 35 miles from Gainesville in the North Central Florida market, having immediate access to Interstate 75. Companies in the surrounding area include Amazon, FedEx, Cone Distributing and Chewy, among others.<\/p>\n

According to CommercialEdge data, North Central Florida had five industrial properties under construction as of April, totaling approximately 6.5 million square feet. The largest development is a 2.8 million-square-foot warehouse built for Amazon in Daytona Beach, Fla.<\/p>\n

A total of 25 properties were in the planned and prospective stages in the region; when complete, they will add 12.9 million square feet of industrial space to the existing inventory.<\/p>\n","protected":false},"excerpt":{"rendered":"

The developer broke ground on the speculative project one year ago.<\/p>\n","protected":false},"author":2829,"featured_media":1004655409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742],"tags":[49735,36556,37349],"class_list":["post-1004655407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","tag-ameris-bank","tag-frampton-construction","tag-stonemont-financial-group"],"acf":[],"yoast_head":"\nStonemont JV Completes Central Florida Logistics Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Stonemont Financial Group and US Capital Development completed Topline Logistics Center, a speculative industrial building in Ocala, Fla.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stonemont JV Completes Central Florida Logistics Center\" \/>\n<meta property=\"og:description\" content=\"Stonemont Financial Group and US Capital Development completed Topline Logistics Center, a speculative industrial building in Ocala, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-04T14:17:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-04T14:17:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/FC-Florida-industrial-building-Stonemont-Financial-Group-midres-e1680606778582.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1168\" \/>\n\t<meta property=\"og:image:height\" content=\"876\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/\",\"name\":\"Stonemont JV Completes Central Florida Logistics Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/FC-Florida-industrial-building-Stonemont-Financial-Group-midres-e1680606778582.jpg\",\"datePublished\":\"2023-04-04T14:17:01+00:00\",\"dateModified\":\"2023-04-04T14:17:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"Stonemont Financial Group and US Capital Development completed Topline Logistics Center, a speculative industrial building in Ocala, Fla.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/FC-Florida-industrial-building-Stonemont-Financial-Group-midres-e1680606778582.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/FC-Florida-industrial-building-Stonemont-Financial-Group-midres-e1680606778582.jpg\",\"width\":1168,\"height\":876,\"caption\":\"Topline Logistics Center. Image courtesy of Frampton Construction Co.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stonemont JV Completes Central Florida Logistics Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\",\"name\":\"Madalina Pojoga\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"caption\":\"Madalina Pojoga\"},\"description\":\"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Stonemont JV Completes Central Florida Logistics Center - Commercial Property Executive","description":"Stonemont Financial Group and US Capital Development completed Topline Logistics Center, a speculative industrial building in Ocala, Fla.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/","og_locale":"en_US","og_type":"article","og_title":"Stonemont JV Completes Central Florida Logistics Center","og_description":"Stonemont Financial Group and US Capital Development completed Topline Logistics Center, a speculative industrial building in Ocala, Fla.","og_url":"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-04-04T14:17:01+00:00","article_modified_time":"2023-04-04T14:17:02+00:00","og_image":[{"width":1168,"height":876,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/FC-Florida-industrial-building-Stonemont-Financial-Group-midres-e1680606778582.jpg","type":"image\/jpeg"}],"author":"Madalina Pojoga","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/","url":"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/","name":"Stonemont JV Completes Central Florida Logistics Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/FC-Florida-industrial-building-Stonemont-Financial-Group-midres-e1680606778582.jpg","datePublished":"2023-04-04T14:17:01+00:00","dateModified":"2023-04-04T14:17:02+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a"},"description":"Stonemont Financial Group and US Capital Development completed Topline Logistics Center, a speculative industrial building in Ocala, Fla.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/FC-Florida-industrial-building-Stonemont-Financial-Group-midres-e1680606778582.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/FC-Florida-industrial-building-Stonemont-Financial-Group-midres-e1680606778582.jpg","width":1168,"height":876,"caption":"Topline Logistics Center. Image courtesy of Frampton Construction Co."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-completes-central-florida-logistics-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Stonemont JV Completes Central Florida Logistics Center"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a","name":"Madalina Pojoga","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","caption":"Madalina Pojoga"},"description":"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.","url":"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/FC-Florida-industrial-building-Stonemont-Financial-Group-midres-e1680606778582.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004655407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2829"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004655407"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004655407\/revisions"}],"predecessor-version":[{"id":1004655495,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004655407\/revisions\/1004655495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004655409"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004655407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004655407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004655407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}