September 2025

M id A tlantic Real Estate Journal — New Jersey —September 2025 — 31

www.marej.com

N ew J ersey

300 Progress Court provides unique rail access inside one of the NE largest industrial clusters Atlanta-based Stonemont Financial Group bolsters ISF portfolio with New Jersey acquisition

see a highly constrained sup- ply of well-located ISFs across the country, and has signifi - cantly grown its portfolio of ISF properties as demand for the asset class has strength- ened. Recently, Stonemont announced the acquisition of a 24.8-acre ISF in Dallas, a 5.81-acre ISF property with 61,000 s/f of office space in La Porte, Texas, and a 5.28-acre ISF site in Duluth, Georgia. 300 Progress Court is cur - rently being marketed for lease by Sean Kelly, Marc Petrella and Michael Kimmel of KBC Advisors. MAREJ

OGAN TOWNSHIP, NJ — Stonemont Fi- nancial Group , an At-

lanta-based private real estate invest- ment firm specializing in industrial development, acquisitions and net lease investments,

Ken Lankford

announced the acquisition of a 67,000 s/f industrial service facility (ISF) in Logan Town - ship, New Jersey, outside of Philadelphia. The rail-served development is Stonemont’s first ISF acquisition in the market and marks a signifi - cant milestone in the firm’s growing footprint of industrial assets across the Northeast. Called 300 Progress Court, the facility is located within the Pureland Industrial Com - plex and sits on 32 acres. The property features heavy power infrastructure, seven drive-in doors and two dock doors, office space, outdoor storage space and on-site rail access that positions it well to serve local market demand for warehouses be- low 100,000 s/f. Pureland Industrial Park is one of the largest industrial clusters in the Northeast region, offering direct access to the I-95 and I-295 corridors as well as the larger Philadelphia MSA. “We are pleased to complete our first ISF acquisition in New Jersey and within the Philadelphia market with 300 Progress Court, a unique asset that aligns with our long-term strategy located in the highly sought-after Pure- land Industrial Park” said Ken Lankford , assistant vice president at Stonemont. “This property offers tenants a combination of features that are increasingly hard to find, including unique logis - tical advantages with direct rail access, heavy power and unparalleled access to the region’s primary transporta- tion arteries. As one of the earliest institutional inves- tors in the industrial outdoor storage sector, Stonemont continues to see limited sup- ply of well-located IOS and ISF assets nationwide, and this acquisition underscores our commitment to sourcing and delivering differentiated opportunities in high-demand markets like Philadelphia

300 Progress Court aerial

and beyond.” ISF is defined as a subset of industrial outdoor stor-

age (IOS) and includes sites that feature functional ser- vice buildings in addition to

stabilized fences and lit out- door space zoned for storage. Stonemont has continued to

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53 Frontage Road, Hampton, NJ 288,000 SF | 51% Occupancy

Evesham Corporate Center, Marlton, NJ 133,822 SF | 65% Occupancy

100 Valley Rd, Mount Arlington, NJ 41,596 SF | 47% Occupancy

200 Valley Rd, Mount Arlington, NJ 86,662 SF | 64% Occupancy

VALUE-ADD OFFICE

4-BUILDING OFFICE PORTFOLIO 2-BUILDING OFFICE PORTFOLIO 2-BUILDING OFFICE PORTFOLIO

Patrick Norris Vice President 973 299 3010 patrick.norris@colliers.com

Brittany Leventoff Team Transaction Manager 732 734 0709 brittany.leventoff@colliers.com

Jacklene Chesler Vice Chair 973 299 3083 jacklene.chesler@colliers.com

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