AXIAL Industrial by Crescent Communities Announces Significant Progress at AXIAL Gateway 95 and AXIAL Bonds Farm
CHARLOTTE, NC – (April 12, 2023) – Crescent Communities, a nationally-recognized, market-leading real estate investor and developer, today announces significant progress at two new industrial investments: the land closing of AXIAL Gateway 95 in Chesterfield County, VA, and the start of construction at AXIAL Bonds Farm in Concord, NC. Both projects demonstrate the continued growth and success of Crescent Communities’ industrial platform, AXIAL.
AXIAL Gateway 95
Crescent Communities first LEED designated industrial building, the rear loading AXIAL Gateway 95 will total over 505,000 square feet with over 430 employee parking spaces and 115 trailer parking spaces. Both the employee and trailer parking are expandable. In addition, AXIAL Gateway 95 will offer 3,800 square feet of office space ready for occupancy, modern clear heights, insulated dock doors, motorized drive-in doors, and mechanical pit levelers. This flexible configuration can accommodate multiple tenants and is ideal for both local and regional distribution-focused, light manufacturing, or assembly tenants. Located near Virginia’s state capital of Richmond, AXIAL Gateway 95 is strategically positioned at the conjunction of I-95, I-64, and I-85, with close proximity to major transportation hubs, including the Port of Virginia, Richmond International Airport, and the Richmond Marine Terminal. The project is scheduled for delivery in early Q3 2024.
“We are thrilled to bring our first industrial investment to Virginia,” said Bryan Blythe, Managing Director of AXIAL Industrial at Crescent Communities. “AXIAL Gateway 95 will establish Crescent Communities’ AXIAL brand as a leader in this new market and will bring unparalleled offerings to the Richmond area with this state-of-the-art facility.”
AXIAL Bonds Farm
Construction is underway at AXIAL Bonds Farm, which will consist of three rear-load buildings totaling 809,720 square feet on 70 acres with the ability to house multiple tenants. Ample employee and trailer parking will be available across all three buildings, which will measure 414,000, 247,000, and 148,720 square feet, respectively. These features, along with modern clear heights and deep truck courts, will satisfy local, regional and national manufacturing and assembly users. AXIAL Bonds Farm is situated with direct access to I-85 and close proximity to I-485, the nearby Concord Regional Airport, Afton Ridge Shopping Center, and the Charlotte Motor Speedway, making it an ideal location for future tenants looking to enter the growing Charlotte industrial market. The project is scheduled for delivery in Q1 2024.
AXIAL Gateway 95 will be located on Walthall Industrial Parkway in Chesterfield County, VA. Partners include DMA Architecture (architect), Timmons Group (civil engineer), KBD Group (general contractor), Kyuden Urban Development America LLC (equity), Santander Bank (lender), and JLL (leasing).
AXIAL Bonds Farm will be located at the corner of Pitts School Road and Weddington Road in Concord, NC. Partners include Merriman Schmitt Architects (architect), Oak Engineering (civil engineer), Landmark Builders (general contractor), AEW Capital Management (equity), Canadian Imperial Bank of Commerce (lender), and CBRE (leasing).
Crescent Communities’ AXIAL Industrial leadership team has experience encompassing over $840 million in completed projects combined. Today, its industrial portfolio features 60 industrial projects, with nearly 14 million square feet of completed projects in the East Region, and over 5 million square feet of projects in development or operation. In addition to AXIAL Gateway 95 and AXIAL Bonds Farm, Crescent Communities’ Industrial projects currently under construction or operating include Lakemont Logistics Center (Fort Mill, SC), Stateline Logistics Center (Fort Mill, SC), AXIAL Crosspoint (Greenville, SC), AXIAL 301 Manatee (Bradenton, FL), AXIAL Southgate 77 (Rock Hill, SC), Builder Solutions Group (Archdale, NC), and AirPark West Three (Charlotte, NC).
For leasing information, contact:
- AXIAL Gateway 95
- AXIAL Bonds Farm
- AXIAL Gateway 95: http://www.axialindustrial.com/portfolio/axial-gateway-95
- AXIAL Bonds Farm: https://www.axialindustrial.com/portfolio/axial-bonds-farm/
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 83 multifamily communities, 24 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 residential communities are branded NOVEL, RENDER and HARMON by Crescent Communities and our industrial developments are branded AXIAL by Crescent Communities and our life science developments are branded THE YIELD by Crescent Communities.