Stonemont Financial Group sells 234,133 SF industrial complex in Braselton, Georgia

Stonemont Financial Group has completed the disposition of Braselton Broadway 85, in Braselton, Georgia. Nuveen, a global investment management firm, has purchased the 234,133-square-foot industrial distribution center.

Strategically located in one of metro Atlanta’s fastest-growing submarkets, Braselton Broadway 85 is situated on a 21.5-acre site at 1394 Broadway Avenue along State Highway 124. Last year, Stonemont secured two leases at the property spanning 111,606 square feet and 122,527 square feet, bringing the property to 100% leased.

“The sale of Braselton Broadway 85 highlights our continued success of multiple round trip class A projects across the Atlanta metro,” said Stonemont Principal and SVP of Development Neal Moskowitz. “We're proud to have delivered a high-quality facility that reached full occupancy shortly after completion and was successfully sold to our friends at Nuveen, demonstrating our continued strategy of pursuing well located developments in preferred submarkets of Atlanta.”

Stonemont remains heavily active in the Atlanta market, and recently sold Chamblee International Logistics Park in Chamblee, Georgia to Hartz Mountain Industries, a real estate investment, development and management company. The four-building, 236,000-square-foot development was completed in February 2024 and sits just inside I-285, making it a premier location and one of the only Class A industrial parks to deliver inside the perimeter in a decade.

Additionally, Stonemont is nearing completion of Stonemont Park 75 South, a three-building, 903,701-square-foot industrial park in Locust Grove, Georgia. The project broke ground in June 2024 and is on track to deliver this summer. It is one of the largest industrial developments to deliver in the Atlanta market this year.