Stonemont Wraps Up Construction on Dallas Logistics Project

Stonemont Financial Group has finished construction of Sunridge Industrial Park, a 565,259-square-foot Class A logistics facility in Wilmer, Texas. The warehouse marks the developer’s 12th project in the Lone Star State in four years, bringing its portfolio in the area to roughly 2.5 million square feet.

Construction of Sunridge Industrial Park began in 2023 and took place over a 12-month period. A $40 million loan provided by Bank OZK financed the development, CommercialEdge data shows.

LGE Design Build, partially headquartered in Dallas, oversaw the project’s design and construction, and sought to integrate the park with the surrounding green space. Nathan Lawrence, Krista Raymond and Will Carney, brokers with KBC Advisors, are spearheading leasing at the East Dallas submarket property.

A new logistics facility near Dallas

Primarily a warehousing and distribution facility, the 39-acre Sunridge Industrial Park has 40-foot clear heights and 70-foot speed bays, along with four loading ramps and 128 dock doors. The property also features 309 car and 135 trailer parking spaces with a 135- to 190-foot truck court, as well as 3,091 square feet of speculative office space.

---

READ ALSO: Staying Busy When Industrial Momentum Hits the Brakes

---

Located at 800 Cottonwood Valley Road, Sunridge neighbors logistics facilities used by Amazon, Unilever, Walmart, Carmax, Ace Hardware and American Standard. The property is roughly 1 mile east of an onramp to Interstate 45 and close to a Union Pacific Intermodal line. Downtown Dallas is some 16 miles northwest.

The Dallas-Fort Worth industrial market remained a powerhouse through 2023, according to recent CommercialEdge research. The Metroplex saw 61.9 million square feet come online across 177 properties last year, the largest delivery volume in the nation by several orders of magnitude. The amount marked 6.6 percent of total stock, more than double the national average of 3.1 percent.

Squaring up to the Sun Belt

Alongside its Texas expansion, Stonemont has been active in Florida, North Carolina and Georgia as well. The firm has recently wrapped up construction on South Florida Logistics Center 95, a two-building, 1.3 million-foot campus in Fort Pierce, Fla.

In terms of new construction, Stonemont broke ground late last year on 429 Business Center, a seven-building, 259,000-square-foot campus in Orlando, Fla. Upon completion, the industrial complex could house users who supply goods to Walt Disney World.