Crescent Communities Welcomes Industry Veteran John Hobart to Lead AXIAL Industrial Development in Georgia and Florida
CHARLOTTE, North Carolina (July 22, 2025): Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, is pleased to announce that John Hobart has joined the team as Managing Director of Industrial for Georgia and Florida. Based in Atlanta, Hobart is poised to lead the company’s growing AXIAL Industrial development platform across two of the Southeast’s most active and opportunity-rich states.
Hobart brings more than a decade of multifaceted experience in industrial real estate, with a track record that spans development, brokerage, and large-scale portfolio management. Most recently, he served as director of industrial development at Greystar, where he helped grow the firm’s industrial footprint across Georgia and Tennessee. Prior to that, Hobart worked as a broker with KBC Advisors, advising clients on strategic site selection and deal structuring, and also held senior operational roles with Link Logistics and Seefried Industrial Properties.
In his new role at Crescent Communities, Hobart will lead industrial initiatives across Georgia and Florida, helping to further expand the firm’s AXIAL portfolio. With more than 14 million square feet of projects in the East Region alone, AXIAL is setting a new standard for customer-focused, high-performance industrial spaces. AXIAL’s current footprint includes 65 industrial projects, with 53 completed developments totaling more than 10 million square feet, and another 2.9 million square feet currently under construction or in operation. Guided by a commitment to excellence, efficiency, and value creation, AXIAL continues to deliver best-in-class developments that serve the evolving needs of clients and partners throughout its priority markets – and Hobart’s leadership will be key to advancing that vision in Georgia and Florida.
“John’s leadership and industry insight come at a pivotal time for our business, as demand for modern industrial space continues to surge, particularly across the Sunbelt region,” said Brendan Pierce, president of commercial at Crescent Communities. “As a result of these shifting dynamics, it is key that we continue to invest in the right talent and strategies to deliver best-in-class solutions for our customers and communities. John’s diverse experience throughout the industry and his intimate knowledge of the Southeast market makes him well-positioned to shepherd AXIAL’s continued growth in the coming years.”
Nationwide, Crescent Communities continues to experience significant growth with $7.2 billion of residential and commercial investments and developments in various stages of construction, operations, and planning. That pipeline includes 15,300 multi- and single-family build-to-rent units; 58,000 square feet of complementary retail space; and 7.5 million square feet of office, industrial, and life-sciences facilities.
Crescent’s AXIAL Industrial platform continues to experience growth, with recent milestones including the land closing of AXIAL Rockville 64 in Virginia, and recently completed projects in North Carolina including AXIAL Rapid Commerce in Charlotte, AXIAL Southgate 77 in Rock Hill, AXIAL Bonds Farm in Concord, and a build-to-suit development for Structural Building Solutions in Archdale. Alongside these, the platform continues to advance through active leasing, strategic property sales, and ongoing construction across several key markets including Florida, South Carolina, and Virginia. With a focus on environmental sustainability and wellness, Crescent Communities is a leading recipient of LEED, NGBS (National Green Building Standard), Fitwel, and WELL certifications.
John’s headshot linked here, and AXIAL media assets linked 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 95 multifamily communities and 26 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.
