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Crescent Communities has accomplished AXIAL Crosspoint, a three-building, 558,000-square-foot industrial campus in Greenville, S.C.
Santander Financial institution originated the development financing for this improvement in Could 2022, in accordance with CommercialEdge information, whereas AEW Capital Administration supplied the fairness. CBRE First Vice Presidents Marcus Cornelius and Campbell Lewis are conducting the leasing efforts.
READ ALSO: Development Prices Proceed to Rise in 2024
The developer broke floor on the Class A park in June 2022. Different companions within the mission included MCA Structure and Harper Common Contractors. The three rear-load, infill services sit on a 72-acre website. About 60,000 sq. toes are already leased to lighting producer Entry Lighting.
The 283,242-square-foot Constructing 1 options 36-foot clear heights, 60 dock-high loading doorways and a 60-foot pace bay. Constructing 2 boasts 73,271 sq. toes with 32-foot clear heights and 31 dock doorways, whereas the 201,649-square-foot Constructing 3 has 36-foot clear heights and 51 dock doorways.
Every facility has two drive-in doorways and a mixed 516 automobile parking areas and 94 trailer stalls. The properties can accommodate tenants starting from 16,000 to 283,000 sq. toes.
The properties are at 101, 201 and 301 Piedmont Grove Park, between the interstates 85 and 185, and 5 miles from downtown Greenville. Greenville Downtown Airport is 8 miles northeast, whereas Greenville-Spartanburg Worldwide Airport is inside 16 miles. The campus can also be 5 miles from the positioning the place Nissin Meals USA is growing a 640,640-square-foot facility.
Greenville’s industrial pipeline
In keeping with a latest Cushman & Wakefield report, Greenville had almost 9.5 million sq. toes of business house below building as of the fourth quarter of final yr. The market’s emptiness price clocked in at 8.6 p.c throughout the identical interval.
In September, Rockefeller Group introduced the event of its second industrial mission within the Greenville-Spartanburg market. Dubbed Spartanburg 221, the 1 million-square-foot speculative constructing is anticipated to come back on-line within the fourth quarter of this yr.
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