Stonemont Financial Group, a private real estate investment firm, announced that it has broken ground on a new three-building, 18-acre industrial park in Kennesaw.
Named Kennesaw 75, the Class A development is one of the last infill industrial sites available in the I-75 North submarket. Kennesaw 75 marks the third industrial venture for Stonemont in metro Atlanta over the past 12 months, and its first speculative development as the firm looks to grow its footprint in its hometown market.
Construction is currently underway on three buildings totaling 200,000 square feet. Designed to accommodate a variety of users ranging from 15,000 to 84,000 square feet, the buildings will each feature ample parking space and docking for tenants. The development sits just 1.1 miles southwest of I-75 near the intersection of Jiles Road and Cherokee Street.
Kennesaw 75 is slated for substantial completion in the first quarter of 2022. Kajima Building & Design Group is serving as the design builder on the project.
For more information, visit https://stonemontfinancial.com/featured-transactions/.