Stonemont Financial Group secures full-building lease at Westfield Commerce Park

Stonemont Financial Group, an Atlanta-based private real estate investment firm specializing in industrial development, acquisitions and net lease investments, has announced that Westfield Commerce Park in Westfield Township, Ohio, is now 100% leased following a full-building lease with B’laster Holdings. This deal marks one of the largest industrial leases recorded in Cleveland in Q3 2025.

B’laster Holdings, a leading specialty chemical manufacturer headquartered in Valley View, Ohio, has extended its lease to occupy the entire 450,112-square-foot speculative facility. Westfield Commerce Park is strategically located 43 miles south of Cleveland at the intersection of I-71 and I-76, featuring 36’ clear heights, cross-dock configuration, 500 car parking spaces and 130 trailer stalls. After breaking ground in late 2022, the development wrapped construction in June 2023.

“We are proud to celebrate this significant milestone at Westfield Commerce Park, marking one of the largest leases signed in the Cleveland market this year,” said Neal Moskowitz, senior vice president and principal at Stonemont. “This deal underscores our strategy of developing well-located facilities with flexible leasing options to accommodate a range of user types. Our goal has always been to deliver future-ready facilities that support tenants’ growth, and we are excited to see B’laster continue to invest in the Northeast Ohio region.”

Stonemont served as the developer and owner of the project, with Pinnacle Bank & PCCP acting as debt and capital partners. The JLL team of Joe Messina and David Stecker oversaw leasing for Westfield Commerce Park and represented Stonemont in the transaction.

Stonemont has invested heavily in Ohio over the past few years, developing more than 3.5 million square feet of industrial space across the state. Notable projects include Castings Commerce Park, a three building, 862,000-square-foot industrial park in downtown Columbus; West Jeff One, a one-million-square-foot distribution center in West Jefferson outside of Columbus; and Turnpike Commerce Center, a one-million-square-foot industrial facility in Shalersville near Cleveland.

“The strong leasing momentum we’ve already seen at 429 Business Center before its substantial completion underscores the continued demand for well-located, Class A industrial space in the Orlando market,” said Avery Dorr, vice president of development and acquisitions at Stonemont, in a news release. “This project represents one of the last true infill opportunities along the State Road 429 corridor, and we are proud to deliver a flexible, high-quality product that meets the needs of a diverse range of users. With Orlando’s rapid growth and strategic position as a logistics hub, we are confident this development will create lasting value for both our tenants and the surrounding community.”

Cam Montgomery and Matt Sullivan with JLL are handling leasing for 429 Business Center on behalf of Stonemont. HGR Construction, Inc. served as general contractor on the project.