Stonemont Financial JV Completes 700 KSF Industrial Campus

Lakeshore Corporate Park sits on 50 acres. Image courtesy of Stonemont Financial Group

Stonemont Financial Group has completed Lakeshore Corporate Park, a three-building Class A industrial campus totaling 702,250 square feet in Kannapolis, N.C. Developed in partnership with Fortius Capital Partners, the project broke ground in July 2022.

The development team also includes Choate Construction Co. as general contractor in charge, Triad Design Group as architect of record and Oak Engineering as civil engineer. CBRE is providing leasing services.

Lakeshore Corporate Park consists of:

• the 128,750-square-foot Building 1, equipped with 32-foot clear heights, 26 dock high doors, two drive-in doors and 117 vehicle parking spots.
• the 294,500-square-foot Building 2, that includes 36-foot clear heights, ESFR sprinkler systems, a 1,935-square-foot speculative office component, two drive-in doors, 41 dock high doors and 181 vehicle parking spots.
• Building 3, totaling 279,000 square feet, equipped with 36-foot clear heights, ESFR sprinkler system, a 1,990-square-foot speculative office space, two drive-in doors, 56 dock high doors and 144 vehicle parking spots.

Additionally, the industrial campus is situated off of Interstate 85, providing two ingress and egress points, as well as 76 trailer parking spots. While Buildings 2 and 3 are available for lease, Building 1 has been sold to Chick-fil-A, to be used as a distribution center.

Lakeshore Corporate Park is developed on the local minor league baseball team’s stadium, Kannapolis Intimidators, that was built in 1995 and demolished. The 50.5-acre property is 8 miles from Concord, N.C., 15 miles from Concord-Padgett Regional Airport, 29 miles from Charlotte, N.C., and within 52 miles of Winston-Salem, N.C. CBRE’s team of Senior Vice Presidents Bryan Crutcher and Anne Johnson are marketing the properties for lease.

Recently delivered projects in the area

In October, Stonemont Financial Group completed another industrial project in the Southeast. In a joint venture with The Davis Cos., the company delivered two industrial buildings totaling 2.7 million square feet, in Rincon, Ga. The properties are build-to-suit projects for Lowe’s and are situated within Georgia International Trade Center, a 1,150-acre master-planned industrial campus.

Other recently delivered industrial projects in the area include Trinity Capital Advisors’ Delta Industrial Park, a 876,587-square-foot building in Gastonia, N.C. Construction on the project commenced in late 2021, with Frampton Construction serving as general contractor.