Stonemont expands holdings of IOS space in key markets

Houston and Atlanta sites add to Stonemont’s growing portfolio of well-positioned industrial service facilities across the country

Stonemont Financial Group, an Atlanta-based private real estate investment firm specializing in industrial development, acquisitions and net lease investments, today announced the acquisition of two industrial service facilities (ISFs) in Houston and Atlanta. These facilities, totaling over 99,000 square feet on more than 11 acres, add to Stonemont’s growing portfolio of strategic ISF assets across the country.

615 N 6th St., La Porte, Texas, is a 5.81-acre property with 61,000 square feet of office, maintenance and manufacturing space, as well as features rare crane and heavy power infrastructure. Located at the entrance to Barbour’s Cut Terminal, one of the busiest deep-water ports in the United States, the site is strategically located on a designated High Frequency Truck Route that provides immediate access to Highway-146. Stonemont plans to retenant the property following a short-term sale-leaseback and capitalize upon Port Houston’s continued growth and crucial position in the reshoring of American industry.

Additionally, 3200 N Berkeley Lake Rd. in Duluth, Georgia, is a 5.28-acre, heavy industrial-zoned property with a 38,200-square-foot warehouse. The site also includes Class A office and highly coveted infrastructure, such as clear span design, 36-foot to 40-foot clear height, grade level and dock-high loading, bridge cranes and heavy power. The property is in the supply constrained, infill suburban submarket of Norcross, immediately adjacent to Peachtree Industrial Boulevard, Buford Highway and Pleasant Hill Road, key area thoroughfares providing excellent connectivity to I-85, I-285 and the greater Atlanta metro area. Stonemont’s business plan will unlock additional value and functionality with the development of an additional two acres of outdoor storage yard with enhanced grade-level loading.

“As an early investor in the nascent institutional ISF sector’s growth across the country, Stonemont is thrilled to demonstrate our continued confidence in the space with these two strategic additions to our growing national portfolio of prime industrial storage properties,” said Ryan Meehan, Senior Vice President at Stonemont. “These are two well-located and highly functional assets within the top 10 U.S. metropolitan areas that are highly complementary to our existing footprint. These sites help tenants solve the increasingly challenging problem of finding efficient outdoor storage space with proximity to major transportation routes and move-in-ready, high-quality workshop space. We look forward to scouting more premier locations to further expand our ISF footprint around high-demand markets in the U.S.”

Stonemont remains heavily invested in the ISF sector, which is a subset of industrial outdoor storage (IOS) and includes sites that feature functional service buildings in addition to stabilized fences and lit outdoor space zoned for storage. The firm currently has over 100 assets under management and is actively pursuing new opportunities in select markets nationwide.