Stonemont Monetary Group has delivered 429 Enterprise Heart, a seven-building, Class A industrial campus totaling 259,255 sq. ft in Ocoee, Fla., inside metro Orlando, Fla.
Building on the venture commenced in 2024, with HGR Building Inc. appearing as the final contractor. On the time of supply, the campus was 49 p.c preleased.
Buildings inside 429 Enterprise Heart characteristic clear heights between 20 ft to 32 ft, ESFR sprinkler techniques, rear and entrance load choices, workplace suites in every facility, ample truck courts and a complete of 337 automobile parking spots.
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Buildings 200 and 600 are each absolutely preleased, whereas Constructing 500 is presently 34 p.c preleased. JLL’s Vice President Cam Montgomery and Govt Managing Director Matt Sullivan are the leasing brokers.
Industrial growth in Orlando
The property is at 409 Ocoee Apopka Highway, on an almost 32-acre lot. It offers fast entry to U.S. State Route 429, Interstate 4 and Silver Star Highway, permitting for simple connectivity all through the metro. Orlando’s downtown space is 15 miles away, whereas its worldwide airport is 25 miles southeast of the campus.
At the moment, Orlando’s under-construction pipeline presently consists of 17 upcoming properties encompassing 3.5 million sq. ft, Yardi Analysis Information exhibits. The tasks vary from 18,000 sq. ft to 1 million sq. ft in dimension, whereas one other 3.6 million sq. ft throughout 30 tasks are within the planning phases.
Stonemont strengthens Florida presence
Stonemont presently owns greater than 4.4 million sq. ft of business tasks—accomplished or beneath development—in Florida. The corporate is wrapping up work on a 100,698-square-foot facility in Tampa, dubbed TIA Govt Heart.
In March, the corporate offered a 348,740-square-foot facility within the Tampa, Fla., a submarket of Lakeland. A part of a four-building campus, the ability swapped for $50 million.
Roughly two months later, Stonemont offered a 500,000-square-foot industrial campus in Fort Myers, Fla., for $87 million. EQT Exeter picked up the asset often known as Legacy at Oriole.
