{"id":1004751794,"date":"2025-03-24T07:12:52","date_gmt":"2025-03-24T15:12:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004751794"},"modified":"2025-03-25T03:07:39","modified_gmt":"2025-03-25T11:07:39","slug":"stonemont-sells-tampa-area-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stonemont-sells-tampa-area-facility\/","title":{"rendered":"Stonemont Sells Tampa-Area Facility for $50M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/download-e1742818178183.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"5263\" height=\"3945\" data-attachment-id=\"1004751817\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stonemont-sells-tampa-area-facility\/download-14\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/download-e1742818178183.jpg\" data-orig-size=\"5263,3945\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5.6&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;L2D-20c&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1715681044&quot;,&quot;copyright&quot;:&quot;Carver Mostardi&quot;,&quot;focal_length&quot;:&quot;12.29&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.001&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"download\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Image courtesy of Stonemont Financial Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/download-e1742818178183.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/download-e1742818178183.jpg\" alt=\"Exterior shot of Building 400 at Lakeland Commerce Center, an industrial facility in Lakeland, Fla.\" class=\"wp-image-1004751817\" style=\"width:400px;height:auto\"\/><\/a><figcaption class=\"wp-element-caption\">Building 400 has 36-foot clear heights, four grade-level doors and 95 dock-high doors.<em> Image courtesy of Stonemont Financial Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Stonemont Financial Group has sold Lakeland Commerce Center&#8217;s Building 400, a 348,740-square-foot industrial facility in the Tampa, Fla., submarket of Lakeland. A client advised by MetLife Investment Management acquired the property for $50 million.<\/p>\n\n\n\n<p>Senior Managing Directors John Huguenard and Luis Castillo, together with Managing Director Cody Brais with JLL brokered the deal.<\/p>\n\n\n\n<p>In October, <a href=\"https:\/\/www.commercialsearch.com\/news\/lg-leases-349-ksf-facility-near-tampa\/\">Stonemont leased the entire facility<\/a> to LG Electronics USA. The tenant uses the building as its regional distribution center.<\/p>\n\n\n\n<p>Completed last year at 5205 Drane Field Road, Building 400 is the largest of the four facilities at the 905,440-square foot Lakeland Commerce Center. The cross-dock building features 36-foot clear heights, four grade-level doors, 95 dock-high doors, 206 vehicle parking spots and 68 trailer parking spots. <\/p>\n\n\n\n<p>Situated close to Interstate 4, State Road 570 and U.S. Route 92, the property provides easy access throughout the Tampa-St. Petersburg-Clearwater metro area. Lakeland Linder International Airport is 3 miles southeast, while Tampa International Airport is 40 miles away.<\/p>\n\n\n\n<p>At the end of 2024, Tampa&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-transactions\/\">industrial investment volume<\/a> amounted to some $1.1 billion, according to the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-industrial-report-february-2025\/\">CommercialEdge report<\/a>. Assets in the metro traded at an average sale price of $124 per square foot, below the national average of $129 per square foot. Meanwhile, Tampa&#8217;s vacancy rate clocked in at 7.9 percent, below the national figure of 8 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A MetLife Investment Management client purchased the property.<\/p>\n","protected":false},"author":2991,"featured_media":1004751817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,32781,1612],"tags":[32796,44078,37349],"class_list":["post-1004751794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southeast","category-tampa","tag-jll","tag-metlife-investment-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 Sells Tampa-Area Facility for $50M - 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