Stonemont Financial Group Inks two deals, brings Braselton industrial property to fully leased 

Stonemont Financial Group, a private real estate investment firm specializing in industrial real estate investments, has announced that Braselton Broadway 85 in Braselton, Georgia is now fully leased following two deal signings. The firm broke ground on the industrial distribution center in 2022, and wrapped construction in February 2024.

Located in Atlanta’s Northeast submarket, Braselton Broadway 85 spans 234,133 square feet and sits on a 21.5-acre site at 1394 Broadway Avenue along State Highway 124. The rear-load facility features premium parking, including 121 auto spaces and 49 trailer stalls. Two tenants now occupy the building, with one leasing 111,606 square feet and the other leasing 122,527 square feet. The project was designed with flexibility in mind and aimed to cater to multiple users of varying sizes, an offering that is in short supply within the region.

“Braselton Broadway 85 is a prime example of the high demand for Class A industrial development within Atlanta’s submarkets, and we are pleased with the swift lease-up period we have seen since construction was completed,” said Stonemont’s Vice President of Asset Management David Kaplan. “This achievement reflects Stonemont’s strategy to continue developing quality industrial product that fill specific voids in high-growth markets.”

Though Atlanta’s industrial market has seen activity slow when compared to recent years, demand remains strong as leasing momentum continues and absorption stays positive. The Northeast submarket saw the largest amount of leasing activity within metro Atlanta, with 1.5 million square feet of space signed in Q3 2024, according to NAI Brannen Goodard.

Darren Butler of NAI Brannen Goodard represented Stonemont in both transactions. Other key project partners include Kajima Building & Design Group, Ware Malcomb and Planners & Engineers Collaborative (PEC+).

Stonemont remains active across Georgia with over 2 million square feet of development recently completed or under construction around the state. In the Atlanta market, the firm recently broke ground on a three-building industrial park totaling 903,701-square-feet in Locust Grove, Georgia, and wrapped construction on a four-building, 238,177-square-foot industrial complex in Chamblee, Georgia.