Charlotte, N.C. – (January 6, 2022) – Today, Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use and commercial communities, announces the completion of construction and sale of its industrial project Lakemont Logistics Center and two surrounding land parcels. The two buildings and land parcels are both located in Fort Mill, South Carolina, just outside of Charlotte, NC. This completion caps off a successful year of growth for Crescent Communities’ Industrial portfolio, alongside the recent sale of Stateline Logistics Center (also in Fort Mill, SC).
“The Fort Mill area is poised for continued exponential growth in the years to come, and we’re proud to continue creating excellent options like Lakemont Logistics Center for companies looking to move into the market,” said Bryan Blythe, Managing Director of Industrial at Crescent Communities’ Commercial division. “This completion and sale caps off an impactful year of sales and new projects for our industrial team in growing markets across the Southeast. We look forward to continuing the momentum in 2022.”
Lakemont Logistics Center consists of two Class A industrial buildings, Lakemont Logistics Center 1 and 2, offering 149,730 and 142,089 SF of space, respectively. The two buildings are 100% leased. Situated at the corner of Carowinds Blvd and Springhill Farm Rd on 27 acres of land, both buildings are suited for warehousing, distribution, or light manufacturing. A part of Lakemont Business Park along I-77, the location offers ideal access to I-77, I-485, and Charlotte Douglas International Airport.
Crescent Communities’ industrial leadership team has experience encompassing over $660 million in completed projects combined. Today, its industrial portfolio totals $645 million and over 12 million square feet of completed, under construction, or planned projects. In addition to Lakemont Logistics Center, Crescent Communities’ Industrial projects currently under construction or recently sold include Stateline Logistics Center (Fort Mill, SC), The Yield (Holly Springs, NC), and Lakeland North Business Center (Lakeland, FL).
Photos can be viewed here, and more information on Lakemont Logistics Center can be found at lakemontlogisticscenter.com.
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 69 multifamily communities, 22 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.