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Stonemont breaks ground on major industrial development
Brown Thrasher Logistics center
An artist rendering of the Brown Thrasher Logistics Center in Belfast Commerce Park.

Stonemont Financial Group announced today that it has closed on the land and broken ground on a 281,000-square-foot speculative industrial development in Richmond Hill. The development, called Brown Thrasher Logistics Center, will sit inside the Belfast Commerce Park adjacent to I-95.

Belfast Commerce Park spans more than 1,000 acres, is rail-served and boasts a convenient location with a strong local workforce due to its close proximity to a major port. 

“Stonemont is fortunate to have such a valuable partner in AltaBird as we join forces on our newest endeavor in the Savannah market,” said Stonemont Principal Neal Moskowitz. “We have continued to invest heavily in East Coast port markets due to its rapid growth combined with the positive supply and demand dynamics in those markets. We look forward to further bolstering our presence in the region and continuing this pattern of success that we have already seen in the area.”

Stonemont has established a presence in the greater Savannah market as a capital partner and developer of the 1,200-acre Georgia International Trade Center, an industrial park sitting just nine miles from the Port of Savannah. Stonemont initially broke ground on the project in 2019 and is now 90 percent complete with construction on the site, which will include 7.7 million square feet of warehouse space. In March, Stonemont announced major retailer Serena & Lily signed a 1.1-million-square-foot lease at the center.

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