Charleston, S.C. -- Frampton Construction Company, LLC, a full-service construction firm providing planning and design support, preconstruction, and construction services, has started work on a 458,758-square-foot speculative industrial building located within Marion County in Ocala, Fla. Stonemont Financial Group, a privately held real estate investment firm, is co-developing the project with US Capital Development, a real estate development company based in St. Louis, Mo.
Consisting of concrete tilt walls and a structural steel frame, the cross-dock facility will have a 36-foot clear height with storefront office space located at its southeast corner. The building will feature 151 dock doors, four drive-in doors, and 110 trailer parking spaces.
Alex Seglem, senior project manager at Frampton Construction, noted, “Our team is excited to build this facility in a part of Ocala that is quickly becoming a key supply chain destination for major companies like Amazon and Costco. We’re grateful for the opportunity to cultivate a new partnership with both Stonemont Financial Group and US Capital.”
The facility’s location, minutes from I-75, will provide tenants with strategic interstate proximity. Thirty-five acres worth of sitework is being performed in preparation for the half a million-square-foot facility.
“We are excited to be partnering with US Capital Development and Frampton Construction to deliver Class A warehousing space in a supply constrained market. We look forward to a successful delivery and partnering with both groups on future projects,” said Avery Dorr, vice president at Stonemont Financial Group.
HDA Architects completed the design for the building. Tillman and Associates is the civil engineer on the project, and Alper Audi is the structural engineer. Construction is expected to conclude in April of 2023.
Stonemont Financial Group is a private real estate firm founded on a simple strategy: to combine the experience and resources of a large institution with the creativity and flexibility of an entrepreneurial firm. As a diversified investment manager for public and private institutions and private capital clients, today they have over $2 billion in assets under management.
US Capital Development is a real estate development company based in St. Louis that has its origins dating back to 1994. Since the middle of 2017, the company has sourced and initiated over a billion dollars of self-directed and owned development within various U.S. markets. The firm’s efforts are now aligned under three distinct business platforms: commercial build-to-suit projects, industrial speculative development, and a senior housing division operating under the brand “Oakleigh Development.” More information about the company is available at www.uscd.com.
Frampton Construction is a full-service construction firm offering planning and design support, preconstruction, and construction services. The dedicated team of professionals takes pride in building strong relationships with clients while providing the highest quality of service. They deliver executive leadership and personal oversight throughout the building process, while working diligently to exceed the expectations of every client. With offices in Charleston, S.C., and Charlotte, N.C., the company is positioned to manage projects in the Southeast and beyond. For more information, visit www.frampton.construction/ or call 843-572-2400 (Charleston) or 704-900-0511 (Charlotte).