Stonemont Financial Group is an Atlanta-based private real estate investment company. They have closed on the sale of a Polk County industrial property leased by LG Electronics USA. The buyer, "a client advised by MetLife Investment Management," acquired the property for $50 million. But the records of Polk County do not yet show this sale.

Building 400 is situated in the Lakeland Commerce Center, an industrial complex constructed by Stonemont along the Interstate. The property is a 348,740-square-foot cross-dock warehouse. It boasts a 36-foot clear height, 95 truck doors, and 206 car parking spaces. Stonemont reported in October that LG Electronics USA, a South Korean appliance and electronics manufacturer, will be the occupant as a regional distribution center.

Industrial Park and Future Rental Potential

Lakeland Commerce Center consists of four buildings, which were completed last year. Building 400 is wholly leased to LG Electronics USA, but the other three buildings, measuring 148,100 square feet, 150,600 square feet, and 258,000 square feet, are on lease. Stonemont indicates that the spaces can be occupied by tenants that require between 25,000 and 182,000 square feet, offering possibilities for prospective businesses.

Stonemont looks after industrial property

Stonemont Financial Group concentrates on industrial property, net lease properties, and healthcare real estate. Stonemont is a reputable commercial real estate company that invests in high-quality properties with big tenants. The sale of Building 400 aligns with Stonemont's overall strategy of building, leasing, and selling top-of-the-line industrial properties.

The new deal verifies that good industrial property remains in strong demand, particularly in strategic locations such as Polk County. Industrial property remains one of the top investment classes, with firms such as LG Electronics USA seeking effective distribution centers to underpin their logistics.

Market Perceptions and Investment Trends

The industrial property market has been increasing steadily in the last few years. The increase is due to the growth of e-commerce and the need for better logistics facilities. Investors, including big financial institutions like MetLife Investment Management, look for well-located properties and strong tenants. The sale of Building 400 shows how desirable industrial properties are as long-term investments.

Polk County is emerging as an industrial development hotbed as it is conveniently located near major transportation corridors and becomes more attractive to relocating businesses. New logistics space is always in demand, so Stonemont's Lakeland Commerce Center is ready to attract more tenants in search of quality space.

Stonemont Financial Group is targeting industrial real estate, and the sale of Building 400 is central to its investment plan. The company is committed to locating quality real estate opportunities that align with the direction of the market and the needs of tenants.

The successful transaction between Stonemont and a MetLife Investment Management client illustrates how robust the industrial sector is and how central it is to supply chain activities across the world. As the economy continues to transform, industrial properties will continue to be a valuable asset for both investors and tenants.