Crescent Communities Expands AXIAL Industrial Portfolio with New Project in Richmond Region, AXIAL Rockville 64
RICHMOND, Virginia – (Jan. 23, 2025) – Crescent Communities, a nationally recognized market-leading real estate investor, developer, and operator of mixed-use communities and industrial projects, today announced the land closing of AXIAL Rockville 64, located on 29 acres less than two miles from I-64 and Route 288 in the desirable Route 623 corridor of Goochland County, Va. Atapco Properties will serve as the development’s partner.
AXIAL Rockville 64 will contain two buildings totaling 335,000 square feet. Each building offers 32-foot clear heights, 40 dock-high loading doors, 52 outdoor trailer spots (12 feet wide and 55 feet deep), an ESFR fire sprinkler system, and ample parking for future tenants. The development includes the flexibility to accommodate one or multiple tenants and a wide range of uses such as last mile logistics, distribution, light manufacturing, and assembly. AXIAL Rockville 64 is expected to deliver in late 2025.
“Richmond’s strategic location midway along the East Coast and its strong investment in key and emerging industries including transportation and logistics, information technology, specialty food and beverage production, and advanced manufacturing make it an ideal market for Crescent Communities’ continued expansion of our AXIAL Industrial business line,” said Chase Kerley, managing director at Crescent Communities. “AXIAL Rockville 64 marks another significant step forward in Crescent Communities’ commitment to delivering premium industrial spaces tailored to the diverse needs of our tenants. With its strategic location offering access to 45% of the country’s population within a day’s drive and its state-of-the-art facilities, this development is poised to become a cornerstone for businesses seeking efficient and accessible operations.”
Totaling over 17 million square feet of projects along the East Coast, AXIAL Industrial by Crescent Communities’ hallmark is its team’s dedication to sourcing top-tier sites and delivering creative solutions that enhance operational functionality and accommodate a wide range of industries. Featuring flexible building designs that can be adapted for different tenant sizes and levels of desired sustainability, Crescent’s broader dedication to sustainability is reflected in each AXIAL Industrial facility.
The land closing of AXIAL Rockville 64 marks another milestone in Crescent Communities’ recent string of achievements under its AXIAL Industrial platform, including the completion of AXIAL Rapid Commerce in Charlotte, NC, AXIAL Southgate 77 in Rock Hill, SC, AXIAL Bonds Farm in Concord, NC, and a build-to-suit project for Structural Building Solutions in Archdale, NC; continued leasing at AXIAL Crosspoint in Greenville, SC; the sale of AXIAL 301 Manatee, a two-building industrial project in Bradenton, FL; continued construction at AXIAL Midway 321 in Lincolnton, NC, and AXIAL Gateway 95 in Chesterfield, VA.
The Crescent Communities team has extensive experience in executing AXIAL Industrial 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 at AXIAL Rockville 64 include Atapco Properties (development and equity), Brinkmann Constructors (general contractor), Commonwealth Commercial (leasing), DMA Architecture (architect), First Horizon Bank (lender), Townes Site Engineering (civil engineer) and Newmark (strategic advisor). Renderings of AXIAL Rockville 64 are linked here.
For more information on leasing opportunities at AXIAL Rockville 64, contact Ben Bruni (bbruni@commonwealthcommercial.com; 804-793-0046) and Colton Konvicka (ckonvicka@commonwealthcommercial.com; 804-324-7209).
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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.
