Industrial Construction | $38,810,630 | Walton, KY
An Atlanta-based development firm has landed a $38.8 million loan from Trez Forman Capital to build a pair of industrial buildings in northern Kentucky, on the outskirts of Cincinnati, Ohio, Commercial Observer can first report. The loan will go towards the construction of a site called Logistics Park 75, a spec development plot near the intersection of Interstate 75 and Interstate 71 in Walton, Ky. The location is about 20 miles from Cincinnati but just 10 miles from the Cincinnati/Northern Kentucky International Airport, which is becoming an important hub in Amazon‘s distribution network. The developer is an entity called SFG Walton KY, according to information from Trez Forman. Kentucky corporate records show that the LCC shares an address and a chief executive with Stonemont Financial Group, a real estate company that has built office and industrial centers throughout the South. Stonemont plans to build a pair of warehouses on the 55-acre site: one of approximately 545,000 square feet and a smaller neighbor that will span just over 230,000 square feet. Each can be subdivided for multiple tenants and will offer 36-foot ceilings.