Stonemont Financial Group, a private real estate investment firm specializing in industrial development, acquisitions and net lease investments, announced today it has completed a 565,000-square-foot industrial park in Wilmer, Texas, a city outside of Dallas. Called Sunridge Industrial Park, the development initially broke ground in Q1 of 2023 and is now ready for occupancy.

Located at 800 Cottonwood Valley Road in Wilmer, Sunridge Industrial Park sits just minutes from I-45 and I-20, allowing convenient access to the greater Dallas-Fort Worth (DFW) metroplex. The building offers a 40-foot clear height, cross-dock configuration, 319 parking spaces and 135 trailer stalls with space for future parking additions. The project also offers a speculative office suite, LED lighting fully installed and eight dock levelers. The layout of Sunridge Industrial Park is divisible and can accommodate users of smaller sizes.

“Stonemont continues to heavily invest in the greater DFW region, which consistently sees significant year-over-year growth and interest from large-scale, national users,” said Josh Wheeler, senior vice president of development and acquisitions at Stonemont. “Sunridge Industrial Park is poised to attract even more top-tier companies to the South Dallas area, which benefits from a robust labor base and quick transportation access to the rest of the state. This development strengthens Stonemont’s established portfolio of quality, thoughtfully designed industrial product in high-demand areas within North Texas.”

This project marks the first speculative development for Stonemont in the southern DFW area, with the firm already having an established footprint in DFW, with over 2 million square feet of development delivered in the market. Stonemont’s recently completed projects in the market total 2 million square feet and include the 230,000-square-foot Westinghouse35 in Georgetown and three speculative warehouses totaling 699,000 square feet in Fort Worth.

According to a report from JLL, the DFW metro’s population passed 8 million in 2023 and leads the nation in both population growth and new industrial development intended for manufacturing and distribution. In the first quarter of 2024, pre-leasing in the market was the highest it has been since Q3 2021, with new leasing demand totaling 9.5 million square feet.

LGE Design Build served as the general contractor and architect for Sunridge Industrial Park. KBC Advisors has been engaged to lead leasing efforts.