{"id":1004716732,"date":"2024-06-11T01:58:53","date_gmt":"2024-06-11T09:58:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004716732"},"modified":"2024-06-11T04:55:02","modified_gmt":"2024-06-11T12:55:02","slug":"stonemont-lands-43m-for-atlanta-area-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/","title":{"rendered":"Stonemont Lands $43M for Atlanta-Area Industrial Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"779\" height=\"585\" data-attachment-id=\"1004716733\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/stonemont-park-75-south\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg\" data-orig-size=\"779,585\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Heather Keisler&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1699357608&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=\"Stonemont Park 75 South\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Stonemont Park 75 South will take shape on an 113-acre site. Image courtesy of JLL Capital Markets&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg?w=779\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg\" alt=\"Stonemont Park 75 South\" class=\"wp-image-1004716733\" style=\"object-fit:cover;width:400px;height:300px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg 779w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 779px) 100vw, 779px\" \/><figcaption class=\"wp-element-caption\">Stonemont Park 75 South will take shape on a 113-acre site. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Stonemont Financial Group has secured a $42.5 million construction loan for Stonemont Park 75 South, a 903,701-square-foot industrial development in Locust Grove, Ga., near Atlanta. Principal Asset Management provided the financing and JLL brokered the transaction on behalf of the developer.<\/p>\n\n\n\n<p>Stonemont acquired the 113-acre site in January 2023. Upon completion, the industrial park will include three rear-load buildings ranging from 124,800 to 538,720 square feet. The structures are slated to feature clear heights between 32 and 40 feet, 143 dock-high doors, 130-foot truck courts, 280 trailer parking stalls and 645 car parking spaces.<\/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\/boosting-u-s-manufacturing-spurs-construction-boom\/\">Boost in US Manufacturing Spurs Construction Boom<\/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>Located at 75 Pine Grove Road, the site is off Highway 42 and has access to Interstate 75. The upcoming property will be roughly 35 miles south of Atlanta, as well as some 33 miles from Hartsfield Jackson Atlanta International Airport.<\/p>\n\n\n\n<p>JLL&#8217;s Capital Markets Debt Advisory team included Senior Managing Director Gregg Shapiro and Senior Director Dan Kearns, alongside Vice President Kelsey Bawcombe and Associate Hunter Rich.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-atlanta-s-industrial-construction-pipeline\">Atlanta&#8217;s industrial construction pipeline<\/h2>\n\n\n\n<p>At the end of the first quarter, Atlanta had 26 industrial projects in the pipeline, amounting to 12.3 million square feet and accounting for 2.2 percent of total stock, according to CommercialEdge data. Development in the metro was on an upward trajectory, marking a four-time increase year-over-year. However, <a href=\"https:\/\/www.commercialsearch.com\/news\/atlantas-industrial-pipeline-catches-up-to-national-trends\/\">Atlanta saw a decline in deliveries<\/a>, with just seven industrial facilities completed in the first three months of 2024, totaling 1.8 million square feet.<\/p>\n\n\n\n<p>An industrial project nearing completion near Atlanta is Alliance Industrial Co.\u2019s 117,306-square-foot Factory Shoals Distribution Center. <a href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-to-lease-117-ksf-facility-near-atlanta\/\">Cushman &amp; Wakefield has been tapped <\/a>as exclusive leasing broker for the development, which is scheduled for delivery in 2024\u2019s third quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Principal Asset Management provided the financing.<\/p>\n","protected":false},"author":3120,"featured_media":1004716733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,37753,21748,21742,32781],"tags":[44006,52388,37349],"class_list":["post-1004716732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-research-center-finance","category-industrial","category-latest","category-southeast","tag-jll-capital-markets","tag-principal-asset-management","tag-stonemont-financial-group"],"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 Lands $43M for Atlanta-Area Industrial Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Stonemont Financial Group secured a $42.5 million loan for a 903,701-square-foot industrial project in Locust Grove, Ga., near Atlanta.\" \/>\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-lands-43m-for-atlanta-area-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stonemont Lands $43M for Atlanta-Area Industrial Project\" \/>\n<meta property=\"og:description\" content=\"Stonemont Financial Group secured a $42.5 million loan for a 903,701-square-foot industrial project in Locust Grove, Ga., near Atlanta.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/\" \/>\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=\"2024-06-11T09:58:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:55:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"779\" \/>\n\t<meta property=\"og:image:height\" content=\"585\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\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-lands-43m-for-atlanta-area-industrial-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/\",\"name\":\"Stonemont Lands $43M for Atlanta-Area Industrial Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg\",\"datePublished\":\"2024-06-11T09:58:53+00:00\",\"dateModified\":\"2024-06-11T12:55:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"description\":\"Stonemont Financial Group secured a $42.5 million loan for a 903,701-square-foot industrial project in Locust Grove, Ga., near Atlanta.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg\",\"width\":779,\"height\":585,\"caption\":\"Stonemont Park 75 South will take shape on an 113-acre site. Image courtesy of JLL Capital Markets\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stonemont Lands $43M for Atlanta-Area Industrial Project\"}]},{\"@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\/a04f9fc8d7ed936167c8786eb77e39c2\",\"name\":\"Radu Corfus\",\"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\/RaduCorfus_AuthorPhoto.png?w=72\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72\",\"caption\":\"Radu Corfus\"},\"description\":\"Radu Corfus is an Associate Editor at Multi-Housing News and Commercial Property Executive with a background in creative writing and copywriting. He joined the Yardi team in 2022. Before writing for CPE and MHN, Radu collaborated on story writing for animations while finishing his studies in Japanese and English language and literature.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/radu-corfus\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Stonemont Lands $43M for Atlanta-Area Industrial Project - Commercial Property Executive","description":"Stonemont Financial Group secured a $42.5 million loan for a 903,701-square-foot industrial project in Locust Grove, Ga., near Atlanta.","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-lands-43m-for-atlanta-area-industrial-project\/","og_locale":"en_US","og_type":"article","og_title":"Stonemont Lands $43M for Atlanta-Area Industrial Project","og_description":"Stonemont Financial Group secured a $42.5 million loan for a 903,701-square-foot industrial project in Locust Grove, Ga., near Atlanta.","og_url":"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-06-11T09:58:53+00:00","article_modified_time":"2024-06-11T12:55:02+00:00","og_image":[{"width":779,"height":585,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg","type":"image\/jpeg"}],"author":"Radu Corfus","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-lands-43m-for-atlanta-area-industrial-project\/","url":"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/","name":"Stonemont Lands $43M for Atlanta-Area Industrial Project - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg","datePublished":"2024-06-11T09:58:53+00:00","dateModified":"2024-06-11T12:55:02+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2"},"description":"Stonemont Financial Group secured a $42.5 million loan for a 903,701-square-foot industrial project in Locust Grove, Ga., near Atlanta.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg","width":779,"height":585,"caption":"Stonemont Park 75 South will take shape on an 113-acre site. Image courtesy of JLL Capital Markets"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/stonemont-lands-43m-for-atlanta-area-industrial-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Stonemont Lands $43M for Atlanta-Area Industrial Project"}]},{"@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\/a04f9fc8d7ed936167c8786eb77e39c2","name":"Radu Corfus","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\/RaduCorfus_AuthorPhoto.png?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72","caption":"Radu Corfus"},"description":"Radu Corfus is an Associate Editor at Multi-Housing News and Commercial Property Executive with a background in creative writing and copywriting. He joined the Yardi team in 2022. Before writing for CPE and MHN, Radu collaborated on story writing for animations while finishing his studies in Japanese and English language and literature.","url":"https:\/\/www.commercialsearch.com\/news\/author\/radu-corfus\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/06\/Stonemont-Park-75-South-e1718088928118.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004716732","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\/3120"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004716732"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004716732\/revisions"}],"predecessor-version":[{"id":1004716826,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004716732\/revisions\/1004716826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004716733"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004716732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004716732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004716732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}