Stonemont Financial Group acquires 67K SF Logan Township facility

The 25,000 SF medical facility will house Aylo Health on the first floor and Northside Hospital on the second, expanding both systems’ reach in northern metro Atlanta.

Stonemont Financial Group, an Atlanta-based private real estate investment firm specializing in industrial development, acquisitions and net lease investments, announced the acquisition of a 67,000-square-foot industrial service facility (ISF) in Logan Township.

The rail-served development is Stonemont’s first ISF acquisition in the market and marks a significant milestone in the firm’s growing footprint of industrial assets across the Northeast.

Called 300 Progress Court, the facility is located within the Pureland Industrial Complex and sits on 32 acres. The property features heavy power infrastructure, seven drive-in doors and two dock doors, office space, outdoor storage space and on-site rail access that positions it well to serve local market demand for warehouses below 100,000 square feet.

Pureland Industrial Park is one of the largest industrial clusters in the Northeast region, offering direct access to the I-95 and I-295 corridors as well as the larger Philadelphia MSA.

“We are pleased to complete our first ISF acquisition in New Jersey and within the Philadelphia market with 300 Progress Court, a unique asset that aligns with our long-term strategy located in the highly sought-after Pureland Industrial Park,” said Ken Lankford, assistant vice president at Stonemont.

“This property offers tenants a combination of features that are increasingly hard to find, including unique logistical advantages with direct rail access, heavy power and unparalleled access to the region’s primary transportation arteries.”

300 Progress Court is currently being marketed for lease by Sean Kelly, Marc Petrella and Michael Kimmel of KBC Advisors.