Apex First Development

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    Stonemont Financial broke ground on a 540-acre project in El Campo. Ridgeline Property Group serves as the developer, while NAI James E. Hanson and NAI Partners are in charge of marketing the campus.

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    The two properties, situated in the Bentonville-Rogers area, include more than 200 guestrooms and are both located along Interstate 49.

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    The company has added to its portfolio two self-storage facilities located in Gardena City, a suburb of Savannah, GA. The buildings are within the industrial complex of Savannah.

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    The property’s owners will use the proceeds to retire an existing $57.2 million CMBS loan from JPMorgan Chase, which they secured in 2006.

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