Stonemont Financial Group Leases 450112 Square Foot Industrial Facility To B’Laster Holdings
Building Size
450,112 SF
Asset Type
Industrial
Closing
Nov 13, 2025
AI
The industrial asset involved in this transaction is Westfield Commerce Park, located in Westfield Township, OH. The facility has a total square footage of 450,112 and features characteristics such as 36-foot clear height, cross-dock configuration, 500 parking spaces, and 130 trailer stalls. Stonemont Financial Group is the landlord of this newly built property, completed in June 2023.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Stonemont Financial Group
- Tenant: B’Laster Holdings
- Brokers: Joe Messina & David Stecker - JLL
This lease transaction showcases Stonemont Financial Group's strategy in fully leasing the Westfield Commerce Park. JLL represented Stonemont in this lease agreement, facilitating the deal between the landlord and tenant, B’Laster Holdings.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93