{"id":1004706000,"date":"2024-03-12T02:59:50","date_gmt":"2024-03-12T10:59:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004706000"},"modified":"2024-03-12T05:28:52","modified_gmt":"2024-03-12T13:28:52","slug":"stonemont-wraps-1-3-msf-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stonemont-wraps-1-3-msf-industrial-project\/","title":{"rendered":"Stonemont Wraps 1.3 MSF Industrial Project"},"content":{"rendered":"\n<p>Stonemont Financial Group has completed South Florida Logistics Center 95, a two-building, 1.3 million-square-foot speculative industrial complex in Fort Pierce, Fla.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2296c28abf0&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"801\" height=\"615\" data-attachment-id=\"1004706028\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stonemont-wraps-1-3-msf-industrial-project\/south-florida-logistics-center-95-featured\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/South-Florida-Logistics-Center-95-featured.jpg\" data-orig-size=\"801,615\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"South-Florida-Logistics-Center-95-featured\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/South-Florida-Logistics-Center-95-featured.jpg?w=801\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/South-Florida-Logistics-Center-95-featured.jpg\" alt=\"\" class=\"wp-image-1004706028\" style=\"width:392px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/South-Florida-Logistics-Center-95-featured.jpg 801w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/South-Florida-Logistics-Center-95-featured.jpg?resize=300,230 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/South-Florida-Logistics-Center-95-featured.jpg?resize=768,590 768w\" sizes=\"auto, (max-width: 801px) 100vw, 801px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">South Florida Logistics Center 95 is a two-building, 1.3-million-square-foot speculative industrial development in Fort Pierce, Fla. <em>Image courtesy of Stonemont Financial Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>South Florida Logistics Center 95 is at the intersection of South Kings Highway and Orange Avenue, nearly adjacent to an I-95 interchange. According to Stonemont, the project was developed with features tailored for users in the e-commerce and 3PL arenas.<\/p>\n\n\n\n<p>Building 1 is a cross-dock facility totaling 1.1 million square feet, with 40-foot clear heights. It\u2019s reportedly the largest speculative building in Southeast Florida. Building 2 is a 245,000-square-foot rear-load facility with 32-foot clear heights.<\/p>\n\n\n\n<p>Sky Groden of JLL Fort Lauderdale is handling the leasing on this project.<\/p>\n\n\n\n<p>Stonemont\u2019s partners on South Florida Logistics Center 95 include Evans General Contractors as the general contractor, Ware Malcomb as the architect and Engineering Design &amp; Construction Inc. as the civil engineer.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-momentum-hits-the-brakes-commercialedge\/\">Industrial Momentum Slows Down<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Stonemont reported that it has more than 1.5 million square feet under construction in Groveland, Fla.; a four-building industrial park totaling 905,000 square feet under construction in Lakeland, Fla.; and a 457,000-square-foot-facility under construction in Ocala, Fla.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strong-rent-growth\">Strong rent growth<\/h2>\n\n\n\n<p>South Florida finished the fourth quarter of last year at a 3.1 percent industrial vacancy rate, which was up slightly from 2.3 percent a year prior, according to a January report from Lee &amp; Associates. In what was in comparison a major change, the average asking rent jumped year-over-year from $14.32 per square foot triple-net to $17.15 per square foot.<\/p>\n\n\n\n<p>This past October, Stonemont Financial Group and joint venture partner The Davis Cos. <a href=\"https:\/\/www.commercialsearch.com\/news\/stonemont-jv-delivers-2-7-msf-industrial-space-in-savannah\/\">completed two industrial buildings<\/a> totaling 2.7 million square feet at the 1,150-acre Georgia International Trade Center in Rincon, Ga., near Savannah, Ga.&nbsp;<\/p>\n\n\n\n<p>The following month, Stonemont <a href=\"https:\/\/www.commercialsearch.com\/news\/stonemont-financial-jv-completes-700-skf-industrial-campus\/\">delivered Lakeshore Corporate Park<\/a>, a three-building Class A industrial campus totaling 702,250 square feet in Kannapolis, N.C. The property was developed in partnership with Fortius Capital Partners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This South Florida logistics center caters to e-commerce and 3PL tenants.<\/p>\n","protected":false},"author":882,"featured_media":1004706028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,21742,32781],"tags":[52223,32796,37349,34936],"class_list":["post-1004706000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-latest","category-southeast","tag-evans-general-contractors","tag-jll","tag-stonemont-financial-group","tag-ware-malcomb"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stonemont Wraps 1.3 MSF Industrial Project - 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