**Stonemont Financial Group Expands ISF Portfolio with Acquisition in Greater Philadelphia**
Stonemont Financial Group, an Atlanta-based private real estate investment firm, has acquired a 67,000-square-foot industrial service facility (ISF) in Logan Township, New Jersey, just outside of Philadelphia.
The rail-served property, located at 300 Progress Court, represents Stonemont’s first ISF acquisition in the Greater Philadelphia market. This deal signifies a key milestone as the firm continues to expand its footprint of industrial assets across the Northeast.
The facility, which is currently being marketed for lease, sits on 32 acres within the Pureland Industrial Complex. Recognized as one of the largest industrial parks in the Northeast, Pureland offers direct access to major transportation corridors including I-95 and I-295, as well as efficient connectivity to the broader Philadelphia metropolitan area. Leasing efforts are being led by Sean Kelly, Marc Petrella, and Michael Kimmel of KBC Advisors.
“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 Pureland Industrial Park,” said Ken Lankford, Assistant Vice President at Stonemont.
This acquisition further reinforces Stonemont’s strategic initiative to scale its industrial portfolio in key logistics hubs throughout the United States.
