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Stonemont Financial Group has secured a $42.5 million construction loan for Stonemont Park 75 South, a 903,701-square-foot industrial development in Locust Grove, Ga., near Atlanta. Principal Asset Management provided the financing and JLL brokered the transaction on behalf of the developer.

Stonemont acquired the 113-acre site in January 2023. Upon completion, the industrial park will include three rear-load buildings ranging from 124,800 to 538,720 square feet. The structures are slated to feature clear heights between 32 and 40 feet, 143 dock-high doors, 130-foot truck courts, 280 trailer parking stalls and 645 car parking spaces.