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Nuveen Acquires 234K-SF Braselton Warehouse
Stonemont Financial Group sold Braselton Broadway 85, in Braselton, Georgia. Nuveen purchased the 234,133-square-foot industrial distribution center.
Braselton Broadway 85 is situated on a 21.5-acre site at 1394 Broadway Avenue along State Highway 124. Last year, Stonemont secured two leases at the property spanning 111,606 square feet and 122,527 square feet, bringing the property to 100% leased.
Stonemont remains active in the Atlanta market, and recently sold Chamblee International Logistics Park in Chamblee, Georgia to Hartz Mountain Industries, a real estate investment, development and management company. The four-building, 236,000-square-foot development was completed in February 2024 and sits just inside I-285.
Additionally, Stonemont is nearing completion of Stonemont Park 75 South, a three-building, 903,701-square-foot industrial park in Locust Grove, Georgia. The project broke ground in June 2024 and is on track to be completed this summer. It is one of the largest industrial developments to be delivered in the Atlanta market this year.
