Stonemont expands ISF platform with two acquisitions

Stonemont announced it has closed on two industrial service facilities (ISF) in Denver and Las Vegas. The facilities total over 35,000 square feet on more than 15 acres and add to Stonemont’s national portfolio of strategic ISF assets.

2525 W. 64th Ave. in Denver spans 5.5 acres and features a 19,280-square-foot building with 5,814 square feet of office space. The property sits in Denver’s Northwest submarket with convenient access to interstates 76 and 25 and is equipped with 10 oversized drive-in doors. Daniel Close and Michael Harpole at CBRE facilitated the transaction.Additionally, at 3451 & 3515 Losee Rd in North Las Vegas, the 10.5-acre site includes a 16,200-square-foot building with 6,560 square feet of office space. Positioned within the city’s core industrial corridor, the property provides four points of ingress and egress, seven drive-in doors and is fully paved, fenced and lit. Alma Cuevas and Jason Griffis at Cushman & Wakefield represented Stonemont in the transaction.

“These acquisitions reflect our broader strategy of targeting well-located, functional industrial assets in markets with strong, sustained demand,” said Ryan Meehan, senior vice president at Stonemont. “The Denver and North Las Vegas properties align perfectly with this approach, offering excellent access, operational flexibility and long-term value for our tenants and our portfolio alike.”

Stonemont currently has over 100 ISF assets under management and is actively pursuing new opportunities in select markets nationwide. In January, Stonemont announced five ISF acquisitions totaling 41.93 acres of property and over 518,600 square feet of existing and planned development across the country, including Atlanta, Houston, New Jersey and Philadelphia.

About Stonemont

Stonemont specializes in investing across a broad spectrum of real estate asset classes and geographies, specializing in industrial, net lease, and healthcare real estate to deliver attractive risk-adjusted returns. Stonemont offers diversified and differentiated real estate investment strategies and vehicles to institutions, family offices, trusts and high net-worth individuals. With a combined track record of over 60 years of experience and $20 billion invested, Stonemont’s founders and managing principals are committed to delivering attractive risk adjusted returns.