Adding to its growing Central Florida portfolio, Stonemont Financial Group has picked up two major industrial parks in Orange County for a combined $109.4 million.
The Atlanta-based real estate firm acquired both properties from Blackstone’s Link Logistics. Trading for $82 million, the larger transaction handed Stonemont Beachline Distribution Center, a 514,000-square-foot facility at 2501-2507 Investors Row. A second deed shows the firm paid $27.4 million for Crownpointe Business Center, a 172,000-square-foot warehouse and distribution hub at 6800 Kingspointe Parkway.
Stonemont Financial Group paid $27.4 million for Crownpointe Business Center, a 172,000-square-foot industrial facility at 6800 Kingspointe Parkway. (Orange County Property Appraiser)
Combined, the two late-July sales put more than 686,000 square feet of prime logistics space under Stonemont’s control.
Completed in 1999, Beachline Distribution Center is a two-building Class B distribution park that totals 514,166 square feet. It features 26- to 28-foot clear heights, high-output sprinklers and quick access to S.R. 528 (Beachline Expressway) and South John Young Parkway. Tenants include Dusobox, Arata Expositions, Inc., Victor Transport and ReadySpaces, with past occupants including FedEx Smartpost.
Beachline Distribution Center, located at 2501-2507 Investors Row, sold to Stonemont Financial Group for $82 million as part of a $1 billion national portfolio deal. (Orange County Property Appraiser)
Crownpointe Business Center was built in 2001, a 172,400-square-foot front-load facility that sits on 12.5 acres inside the Crownpointe Commerce Park. It has a 250-foot truck court and is zoned for heavy industrial. Long-term tenants in the building have included major corporate logistics operations like Home Depot, Lasco Fittings and Graebel Movers.
Both Central Florida deals landed as part of a broader, $1 billion portfolio buy in which Stonemont teamed up with PCCP LLC to buy 38 industrial buildings from Link Logistics. That 5.9 million-square-foot portfolio spans 14 national markets, giving Stonemont a bigger foothold in Sunbelt hubs like Austin, Charlotte, Dallas and Phoenix.
Crownpointe Business Center at 6800 Kingspointe Parkway traded hands in late July as part of a 38-building industrial portfolio sale. (Orange County Property Appraiser)
The macro portfolio deal was financed through capital from debt partners JPMorgan Chase & Co. and Wells Fargo & Co. Stonemont President Bryan Blasingame said the portfolio was selected because the assets are 95% occupied with stable, long-term regional tenants.
This latest buy builds on a steady push into the region by the Atlanta developer. Stonemont made a splash in Lake County after dropping $23.4 million to assemble 139 acres across two sites in Groveland’s Christopher C. Ford Commerce Park. There, the company built over 1.5 million square feet of speculative cross-dock space to tap into booming demand along Central Florida’s freight corridors.
Stonemont has also completed and sold an industrial park in Lakeland and wrapped construction last year on Ocoee’s 429 Business Center.
According to second-quarter market reports from commercial real estate firms Avison Young and Cushman & Wakefield, the Greater Orlando industrial market continues to maintain net positive absorption despite regional vacancy hovering between 8.2% and 8.4%. Research from Ironmark CRE notes that while bulk big-box space over 500,000 square feet faces rising availability, demand for infill, mid-sized flex, and last-mile facilities remains steady. This absorption is primarily concentrated in core logistics corridors with direct access to I-4, the Beachline, and Florida’s Turnpike, where distribution hubs serve nearby expanding population centers, hospitality sectors and theme park supply chains.
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