Stonemont Financial Group, a private real estate investment firm specializing in industrial development, acquisitions and net lease investments, announced today it has broken ground on a new three-building, 247,109-square-foot industrial park in Cartersville, Georgia near Atlanta. Called Cartersville Commerce Center, the Class-A development is being built in partnership with real estate firm Taylor & Mathis and is expected to be completed in Q2 2023. 

Cartersville Commerce Center is located off of U.S. Route 411 near the intersection of GA-20, just over two miles from I-75 and 24 miles from I-285. Each of the three buildings offer a range of lease sizes, with Building 100 offering up to 91,166 square feet; Building 200 offering up to 79,978 square feet; and Building 300 offering up to 79,965 square feet of space. Each warehouse also features 28-foot clear heights, 31 dock doors and 2 drive-in doors and a combined 219 auto parking stalls. 

“We are pleased to introduce this top-of-the-line industrial park to the Cartersville area, which will further enhance the positive leasing momentum already seen in the region,” said David Kaplan, vice president of asset management at Stonemont. “Stonemont’s investment know-how and proven track record in sourcing premium speculative opportunities in emerging outer-ring submarkets will serve us well in this project as we continue to expand our footprint across the I-75 North corridor. Taylor & Mathis has been an ideal partner in this endeavor, and we look forward to swiftly leasing up the development as we seek out top-tier users to call Cartersville Commerce Center home.”

This project marks the first venture between Stonemont and Taylor & Mathis, and will fill a void for smaller-scale industrial development that is less common in the I-75 North market.  The Northwest Atlanta submarket saw more than 1.9 million square feet of positive absorption in Q3 2022, with more than 8.4 million square feet of new product under construction. Metro Atlanta continues to maintain its position as one of the nation’s most robust industrial markets as nearly 9 million square feet of industrial space came online in the previous quarter, setting a new all-time record for the market.