MetLife Investment Management Acquires Industrial Asset From Stonemont Financial Group For $50M

The property at 5205 Drane Field Road is an industrial asset located in Lakeland, which was sold for $50,000,000.00. The total square footage of the property is 348,740.0.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $50,000,000.00
• Address: 5205 Drane Field Road
• Market: Lakeland
• Square Footage: 348,740.0
• Seller: Stonemont Financial Group
• Buyer: MetLife Investment Management
• Seller's Representatives: John Huguenard (JLL), Luis Castillo (JLL), Cody Brais (JLL), Taylor Osborne (JLL), David Orta Jr. (JLL)

The transaction involved key players including Stonemont Financial Group as the seller and MetLife Investment Management as the buyer. Multiple representatives from JLL, including John Huguenard, Luis Castillo, Cody Brais, Taylor Osborne, and David Orta Jr., facilitated the sale on behalf of the seller.