Crescent Communities Closes Sale of Stateline Logistics Center
GID Industrial purchases 104,000 square foot industrial building in Fort Mill, S.C.
Charlotte, N.C. – On June 17th, Crescent Communities, a nationally-recognized, market-leading real estate investor, developer, and operator of mixed-use communities successfully closed the sale of Stateline Logistics Center, a shallow bay industrial building in Fort Mill, South Carolina, just outside of Charlotte, NC. The building was purchased by GID Industrial, a privately held industrial real estate platform that develops, owns, and operates a premier portfolio of industrial assets located throughout the country.
Developed by Crescent Communities, Stateline Logistics Center completed construction in August 2020 and is partially leased to STIWA US Inc. and 3D Digital Solutions. Leasing efforts will continue to be provided by Cushman & Wakefield.
“This was a successful and seamless closing for Crescent Communities, in a market where we are continuing to grow,” says Bryan Blythe, Managing Director of Industrial at Crescent Communities. “We’re excited to see what’s next as we continue to expand our industrial footprint in the Carolinas and beyond.”
Located at 145 Steele Point Drive in Lakemont Business Park along I-77, Stateline Logistics Center provides ideal access to I-77, I-485, and Charlotte Douglas International Airport.
Stateline Logistics Center was designed by Merriman Schmitt Architects and Oak Engineering and the general contractor was Intercon Building Corp.
Photos of Stateline Logistics Center can be found via this link. For more information, visit www.statelinelogisticscenter.com.
For leasing information, please contact Matt Treble, [email protected] or Fermin Deoca, [email protected] with Cushman & Wakefield.
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About Crescent Communities:
Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated residential and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 63 multifamily communities, 21 million square feet of commercial space and 60 single family master-planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our multifamily communities are branded NOVEL by Crescent Communities.
About GID Industrial
GID Industrial is a privately held industrial real estate platform with a portfolio that is comprised of 18.8 million square feet owned/under management in 15 markets with 175 buildings and over 450 tenants. Headquartered in Dallas, Texas with offices in strategic markets across the country, GID Industrial has a team of experienced investment and asset management professionals with vast experience in industrial real estate. More information is available at www.gid.com/invest/industrial.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.
