Crescent Communities Announces Construction of Flex Industrial Facility in Southwest Charlotte
Charlotte, NC – Crescent Communities today announced that it has secured and will start development on 15 acres for a flex office and industrial facility in Fort Mill, SC. Stateline Logistics Center by Crescent Communities will offer 104,000 square feet of single-story shallow bay commercial space with a compelling 24-feet of clear height. The project will include 26 trailer parking spaces in addition to surface parking.
Stateline Logistics Center is located within Lakemont East Business Park at the corner of Lakemont Blvd. and Steele Point Dr. and offers immediate access to both Interstates 77 and 485 with direct visibility to I-77. Lakemont East Business Park is a 1.15M square foot master-planned development located in Fort Mill, SC near restaurants, entertainment and services.
“We see Stateline Logistics Center serving the strong demand for shallow bay flex space in this important submarket of Charlotte,” said Sagar Rathie, Vice President with the Commercial business for Crescent Communities. “Stateline Logistics Center will appeal to tenants in need of larger, flex commercial buildouts with direct connectivity to their warehouse, distribution, and/or light manufacturing operations.”
To date, Crescent Communities has developed over 5 million square feet of industrial space in this submarket. Stateline Logistics Center will represent the third industrial building currently in development by Crescent Communities in the Lakemont Business Park and is anticipated to deliver in Q2 2020.
Crescent Communities has awarded the leasing assignment for Stateline Logistics Center to Charlie Ripple with Cushman & Wakefield. The general contractor is InterCon Building Company. Merriman Schmitt Architects will serve as the architecture firm for the project.
Todd Mansfield, CEO of Crescent Communities, noted the company’s active commercial development portfolio, including several significant industrial projects consisting of more than 1 million square feet across the Southeast. Also under construction are two office-centric, mixed-use communities in Charlotte: Ally Charlotte Center, a 26-floor mixed-use office tower and a 5-star, 381-room JW Marriott is currently under construction in uptown Charlotte and slated to deliver in the first half of 2021. 101 North Tryon is a 20-story Class-A office tower located in the heart of Charlotte’s central business district and is currently undergoing capital improvements.
About Crescent Communities
Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. Crescent Communities creates high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 57 multifamily communities, 20 million square feet of commercial space and 60 single family master-planned communities. Its multifamily communities are branded NOVEL by Crescent Communities.