Lebanon Attracts Another Logistics Spec Building
Atlanta-based Stonemont Financial Group plans to construct a speculative building in Lebanon. (photo provided)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe city of Lebanon continues to attract investment and growth in its logistics sector. Stonemont Financial Group, an Atlanta-based private real estate investment firm, has announced plans to build a 615,000-square-foot speculative building in the Lebanon Business Park.
Stonemont says the facility will be expandable to nearly one million square feet.
The company says Lebanon’s ideal location along Interstate 65 and the state’s business-friendly climate made the selection easy.
“Lebanon is one of the nation’s most attractive markets for national users and third-party providers due to its world-class logistics infrastructure, and the demand for Class A industrial product will only accelerate now that the e-commerce revolution is in full swing,” said Zack Markwell, chief executive officer at Stonemont Financial Group. “The broad spectrum of talent and experience possessed by our team will enable Stonemont to serve as both owner and developer on this project, which is already generating substantial interest among a variety of industrial users.”
Stonemont says the building will be built to accommodate bulk distribution users. It will include 60 dock doors, 239 trailer parking spaces and land to accommodate future expansion opportunities.
The facility is scheduled to deliver in the summer of 2021.