Crescent Communities Begins Construction on AXIAL Midway 321
LINCOLNTON, North Carolina – (Feb. 21, 2024) – Crescent Communities, a nationally recognized market-leading real estate investor, developer, and operator of mixed-use and industrial communities, announced today that construction has started on AXIAL Midway 321, the fourth project in the Charlotte region slated to open under the AXIAL brand.
Located conveniently off Highway 321 in the Lincoln County Industrial Park, AXIAL Midway 321 will offer one rear-load building totaling approximately 175,000 square feet, complete with 133 employee and 17 trailer parking spaces on a 25-acre lot. Its strategic location midway between I-85 and I-40 off Highway 321 will allow tenants efficient access to the Southeast’s major transportation corridors, including I-40, I-85, and the Charlotte-Douglas International Airport, currently ranked as the seventh-busiest airport in the world for air traffic.
"We’re excited to begin work on the latest addition to Crescent Communities’ dynamic Charlotte portfolio,” said Bryan Blythe, managing director at Crescent Communities. “With an advantageous location and a robust roster of corporate neighbors like FedEx, Medline, Bosch, and TMS, AXIAL Midway 321 presents a prime opportunity for businesses to thrive in a world-class industrial space.”
Featuring a 32-foot clear height and 50 dock-high doors, AXIAL Midway 321 will provide flexibility to accommodate multiple local, regional, and national distribution tenants in addition to light manufacturing and assembly users. The building will also include around 2,800 square feet of speculative office space, LED lighting in the warehouse, and multiple pit levelers.
The groundbreaking of AXIAL Midway 321 marks the latest project in Crescent Communities’ robust industrial portfolio, including the continued construction at AXIAL Rapid Commerce in Charlotte, NC, AXIAL Bonds Farm in Concord, NC, AXIAL Gateway 95 in Richmond, VA, and AXIAL Southgate 77 in Rock Hill, SC, and the completion of AXIAL 301 Manatee in Bradenton, FL, and AXIAL Crosspoint in Greenville, SC, collectively solidifying the company’s position as a leader in industrial development. AXIAL by Crescent Communities has experience encompassing more than $869 million in completed industrial projects. Today, its development portfolio features 63 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 Midway 321 include DMA Architecture, Thomas & Hutton (engineering), Myers & Chapman (general contractor), and Carter Bank.
For more information on leasing opportunities at AXIAL Midway 321, contact Matt Treble at 704-335-4430 (matt.treble@cushwake.com) and Fermin Deoca at 704-335-4436 (fermin.deoca@cushwake.com).
For more information, visit AXIAL Midway 321’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 85 multifamily communities and 24 million square feet of commercial space. Crescent Communities has offices in Charlotte, DC, 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.
