Stonemont Park 75 South Secures $42.5M Construction Loan In Locust Grove

Stonemont Financial Group secured a $42.5 million construction loan for Stonemont Park 75 South, a 903,701-square-foot industrial development located at 75 Pine Grove Road in Locust Grove, GA. The loan was provided by Principal Asset Management with transaction brokerage by JLL.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $42,500,000
• Market: Locust Grove, GA
• Square Footage: 903,701
• Acres: 113
• Lender: Principal Asset Management
• Landlord: Stonemont Financial Group
• Brokers: Gregg Shapiro, Hunter Rich & Kelsey Bawcombe - JLL
• Loan Type: Construction

The brokerage for the transaction was handled by Gregg Shapiro, Hunter Rich, and Kelsey Bawcombe of JLL, representing the parties involved in securing the construction loan for the industrial development at Stonemont Park 75 South.