Crescent Communities Closes Sale of AXIAL Liberty Commerce
GREENSBORO, North Carolina – (Jan. 12, 2025) – Crescent Communities, a nationally recognized market-leading real estate investor, developer, and operator of mixed-use communities and industrial projects, today announced the sale of AXIAL Liberty Commerce, a premier industrial facility located in Greensboro, North Carolina, to Hoffman & Hoffman, Inc. Crescent Communities was advised by Jason Ofsanko and Jordan Mitchell with Cushman & Wakefield on the disposition.
Spanning 173,280 square feet across 18 acres in the highly desirable airport submarket, AXIAL Liberty Commerce exemplifies Crescent’s commitment to delivering state-of-the-art industrial facilities that support the growth of regional logistics and manufacturing operations. The rear-load facility includes 2,804 square feet of modern spec office space, 171 car parking spaces, and 20 trailer spaces, as well as a 32-foot clear height, 50’ x 60’ column spacing, 47 dock-high doors, and 3 drive-in doors, offering maximum flexibility and efficiency for tenants.
Strategically positioned at 7915 Triad Center Drive, the property offers immediate access to Interstate 40 and Highway 68, connecting tenants to major transportation corridors throughout the Piedmont Triad and the greater Southeast region. AXIAL Liberty Commerce is designed to meet the evolving needs of modern logistics users seeking connectivity, adaptability, and sustainability in a growing industrial market.
“The sale of AXIAL Liberty Commerce reflects Crescent Communities’ confidence in the Triad region and its strong fundamentals for industrial growth,” said Brendan Pierce, President of Commercial at Crescent Communities. “This facility demonstrates the quality and strategic vision of Crescent’s AXIAL portfolio, allowing us to create environments where companies can grow. In turn, these developments continue to strengthen markets in which we invest.”
The Triad region continues to attract national and global manufacturers due to its central location between Charlotte and Raleigh-Durham, extensive transportation infrastructure, and skilled workforce. The area’s competitive incentives, pro-business environment, and connectivity to Piedmont Triad International Airport further positions it as a hub for industrial development across the Carolinas.
Hoffman & Hoffman, Inc. is a premier HVAC and engineered-systems provider with a 75-year legacy of delivering innovative, high-performance building solutions across the Southeast. Their reputation is built on technical excellence, trusted client relationships, and a passion for helping organizations create smarter, more efficient environments.
Financial partners on the development include First Horizon (lender). Additional partners include Bolton & Menk (civil engineering), Crescent Communities Construction (general contractor), DMA Architecture (architects), and Geo-Hydro Engineers (geotechnical and environmental engineering).
The Crescent Communities team has extensive experience in executing AXIAL Industrial projects encompassing more than $921 million. Today, its portfolio features 65 industrial projects, with nearly 14.5 million square feet of completed projects and 3.5 million square feet of projects in development or operation. Recent milestones include the start of AXIAL Commerce Station in Huntersville, NC; sale of AXIAL Gateway 95 in Richmond, VA; the sale of AXIAL Rapid Commerce in Charlotte, NC; and the sale of AXIAL Southgate 77, also in Charlotte.
View photos of AXIAL Liberty Commerce here.
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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 96 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.
