Stonemont Financial Group and Long Wharf Capital Purchase Sand Lake Commerce Center in Orlando

Stonemont Financial Group, an Atlanta-based private real estate investment firm specializing in industrial development, acquisitions and net lease investments, and its partner Long Wharf Capital, a Boston-based private equity real estate firm specializing in value-add investing, have acquired Sand Lake Commerce Center, a 229,989-square-foot industrial facility in Orlando. The property is 100% leased and marks the first acquisition under the companies’ partnership, which plans to pursue additional industrial investments across the Southeast region.

Located at 7725 & 7705 Winegard Road, Sand Lake Commerce Center is a Class A industrial project that encompasses two buildings and is currently occupied by six tenants. Building 1 spans 79,037 square feet, while Building 2 totals 150,952 square feet, with both buildings featuring 28-30-foot clear heights and prime frontage on Sand Lake Road. The property also includes 1.2 acres of surplus land, which can be developed into an additional 30,000-square-foot facility.

“Orlando’s continued population growth and constrained infill supply have created a highly attractive environment for industrial investment,” said Avery Dorr, Vice President of Development and Acquisitions at Stonemont Financial Group. “Sand Lake Commerce Center is a Class A, fully leased asset with meaningful upside through future development, making it an ideal first acquisition in partnership with Long Wharf Capital. We look forward to expanding this relationship as we pursue additional opportunities throughout the Southeast.”

Stonemont currently owns over 4.4 million square feet of development in markets spanning across Florida. In September, the firm completed construction on 429 Business Center in Ocoee, Florida, outside of Orlando. The seven-building development is 49% leased and located just inside the State Road 429 corridor. Stonemont also recently completed TIA Executive Center, a 100,698-square-foot industrial facility in Tampa.