Polk County LG Electronics building sells for $50 million

Stonemont Financial Group, an Atlanta-based private real estate investment firm, has sold a industrial property in Polk County leased by LG Electronics USA.

A company spokesperson says the buyer, which is identified as “a client advised by MetLife Investment Management,” paid $50 million. Polk County records have not been updated to reflect the sale. 

The property is Building 400 in the Stonemont-built Lakeland Commerce Center off Interstate. It is a 348,740-square-foot cross-dock facility with a 36-foot clear height, 95 dock-high doors and 206 car parking spaces.