Stonemont, Cerberus plan industrial development on Staten Island

Stonemont and Cerberus received a $37.7 million loan from real estate lender BridgeInvest to redevelop the property in Staten Island's North Shore along with two other industrial sites in Las Vegas and Bloomington, California.

Each asset is strategically located near a major transportation route and proximate to significant logistics and industrial hubs, making them highly attractive options for industrial outdoor storage facilities," the companies said in a statement.

See the full article in the New York Business Journal