Topline Logistics Heart. Picture courtesy of Frampton Building Co.
The three way partnership of Stonemont Monetary Group and US Capital Growth has accomplished work on Topline Logistics Heart, a 456,540-square-foot speculative industrial constructing in Ocala, Fla. The partnership financed the mission’s development with a $29 million mortgage from Ameris Financial institution, CommercialEdge information exhibits.
Constructed by Frampton Building Co., Topline Logistics Heart broke floor on a 35-acre website in March 2022. The event crew additionally included Tillman and Associates, which supplied civil engineering providers; Alper Audi served as structural engineer and HAD Architects accomplished the constructing’s design.
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Having greater than $2 billion in belongings underneath administration, Stonemont can also be concerned in numerous developments throughout the U.S. Final month, one of many agency’s tasks, a 1.3 million-square-foot industrial park in Summerville, S.C., reached an necessary milestone.
In December, Stonemont introduced one other main industrial mission, a 1.4 million-square-foot campus in Murfreesboro, Tenn. Completion is anticipated within the first quarter of 2024.
A North Central Florida industrial asset
Topline Logistics Heart is a Class A, cross-dock facility that includes 36-foot clear heights, 96 dock doorways, 4 drive-in doorways and 110 trailer parking areas. The constructing additionally consists of storefront workplace area positioned in three of its 4 corners.
Positioned at 3341 NW twenty first St., the property is 35 miles from Gainesville within the North Central Florida market, having instant entry to Interstate 75. Corporations within the surrounding space embrace Amazon, FedEx, Cone Distributing and Chewy, amongst others.
In response to CommercialEdge information, North Central Florida had 5 industrial properties underneath development as of April, totaling roughly 6.5 million sq. toes. The biggest improvement is a 2.8 million-square-foot warehouse constructed for Amazon in Daytona Seaside, Fla.
A complete of 25 properties had been within the deliberate and potential levels within the area; when full, they are going to add 12.9 million sq. toes of commercial area to the prevailing stock.
