Stonemont Financial Group plans three new warehouses in North Texas – Dallas Business Journal – Dallas Business Journal






Stonemont Financial Group, a private real estate investment firm specializing in industrial development, is expanding its North Texas presence with three new warehouses.
These speculative buildings will be located in Fort Worth. One will be a 213,000-square-foot warehouse on FM Road 156 near Chaplin Drive. The other two, totaling 486,000 square feet, will be located at Golden Triangle and Harmon Road. All three are expected to deliver by summer 2022.
“Dallas-Fort Worth has clearly emerged as one of the nation’s top industrial markets, and the opening of our new office along with all of the various project milestones we are announcing today signal Stonemont’s intention to make the Metroplex a key cog in our overall national network,” said Zack Markwell, managing principal and CEO of Stonemont Financial Group, in a prepared statement. “Stonemont’s creative vision and ability to source premium speculative opportunities that cannot be replicated within individual markets has enabled us to exceed our investors’ expectations time and again. We anticipate a busy year ahead as we continue to grow at an accelerated pace across the DFW region.”
The company’s new Dallas office will be led by Josh Wheeler, senior vice president at Stonemont. Wheeler has overseen the development of approximately $1.5 billion of commercial real estate projects in his career, including the redevelopment of the historic Fort Worth stockyards into a vibrant mixed-use entertainment complex.
Along with the company’s new Fort Worth warehouses, work was recently finished on three warehouses in McKinney. One 202,000-square-foot property was built for a large e-commerce user that was not named. Two other spec warehouses, totaling 107,300 and 123,885 square feet, respectively, were recently completed near the McKinney National Airport. Lee & Associates are leasing the spec projects.
The following are some additional real estate deals that were announced recently:
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