AXIAL Industrial by Crescent Communities Announces Continued Lease-Up at AXIAL Crosspoint
GREENVILLE, South Carolina – (Sept. 3, 2024) – Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of industrial projects and mixed-use communities, today announced that its brand-new AXIAL Crosspoint industrial park has completely leased one of its three buildings, with a second almost 30% leased. Contemporary lighting manufacturer Access Lighting signed on as the development’s lead tenant, occupying approximately 60,000 square feet of Building 3. A manufacturer of components for electrical equipment leased all 73,721 square feet of Building 1. Updated interior and exterior photography of AXIAL Crosspoint is linked here.
“Executing two leases at AXIAL Crosspoint since its completion just over six months ago is a significant milestone for AXIAL Industrial by Crescent Communities, reflecting our commitment to and reputation for delivering flexible, premier industrial properties that meet the wide-ranging needs of our tenants,” said Bryan Blythe, managing director of industrial at Crescent Communities. “The development’s strong interest and leasing activity underscore solid demand for strategically located, high-quality industrial space in Greenville, a region poised for continued growth across industries.”
Located on 72 acres just five miles from downtown Greenville, AXIAL Crosspoint consists of three infill, rear-load buildings totaling 283,242; 73,271; and 201,649 square feet, respectively, with 516 car parking and 94 trailer spaces. These features, along with the facility’s modern clear heights of 32’ and 36’ and superior access to the I-85 corridor, make it the ideal location for all types of manufacturing, assembly, and distribution tenants.
Greenville’s industrial market, anchored by manufacturers BMW, Michelin, Techtronic Industries, GE, ZF, and Bosch, has demonstrated remarkable growth, averaging over 5 million square feet of positive net absorption over the past five years. Positioned at the midpoint of the East Coast, more than 520 international companies call the region home, making it a key player in the country’s manufacturing and distribution supply chain. AXIAL Crosspoint itself is located between I-85 and I-185 off White Horse Road, serving as a prime last-mile location and offering seamless access for product movement throughout the Southeast.
The completion of AXIAL Crosspoint serves as another milestone in Crescent Communities’ recent string of achievements, including the completion of AXIAL 301 Manatee, a two-building industrial project in Bradenton, FL; AXIAL Southgate 77, a two-building industrial project in Rock Hill, SC; a build-to-suit project for Structural Building Solutions in Archdale, NC; and AXIAL Bonds Farm, a three-building industrial project in Concord, NC. Additionally, construction is currently underway for AXIAL Midway 321 in Lincolnton, NC; AXIAL Rapid Commerce in Charlotte, NC; and AXIAL Gateway 95 in Chesterfield, VA, collectively solidifying the company’s position as a leader in industrial development.
The Crescent Communities team has extensive experience in executing AXIAL projects encompassing more than $869 million. Today, its portfolio features 65 industrial projects, with nearly 14 million square feet of completed projects and more than 3 million square feet of projects in development or operation.
Partners for AXIAL Crosspoint include MCA Architecture, Harper General Contractors, Santander Bank (debt), and AEW Capital Management (equity).
For more information on leasing opportunities at AXIAL Crosspoint, contact Marcus Cornelius, marcus.corneliusiv@cbre.com; and Campbell Lewis, william.lewis2@cbre.com.
For more information, visit AXIAL Crosspoint’s website.
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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 multifamily and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 86 multifamily communities and 25 million square feet of commercial space. Crescent Communities has offices in Charlotte, D.C., Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Our multifamily communities are branded NOVEL, RENDER, and HARMON by Crescent Communities, our industrial developments are branded AXIAL by Crescent Communities, and our life science developments are branded THE YIELD by Crescent Communities.
