Atlanta developer building huge spec warehouse in Medina County

Stonemont Financial Group, an Atlanta-based integrated real estate company, purchased a 39-acre site by the I-71 and I-76 interchange in Medina County for $3.42 million, and “plans to build a warehouse large enough to hold 16 football fields,” Crain’s Cleveland reports. The 451,000-square-foot building is being built on spec, but Stonemont development manager Brian Danahy said the developer “has several prospective clients who might like the entire property,” according to the article. The 40-foot tall building will have “36 feet of clear space under its roof to allow e-commerce tenants to stack racks higher than in the 32-foot buildings common among even newer building in the market,” as well as docks “lining both sides of the building” to facilitate goods moving quickly “between arriving and departing trucks.” For more, read the full article (subscription may be required). 

Economic Development, State Updates