{"id":1004703422,"date":"2024-02-23T13:18:48","date_gmt":"2024-02-23T21:18:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004703422"},"modified":"2024-02-26T04:57:17","modified_gmt":"2024-02-26T12:57:17","slug":"crescent-communities-wraps-up-greenville-industrial-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crescent-communities-wraps-up-greenville-industrial-campus\/","title":{"rendered":"Crescent Wraps Up Greenville Industrial Campus"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a427d3ee94ea&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"749\" data-attachment-id=\"1004703430\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/crescent-communities-wraps-up-greenville-industrial-campus\/7-25-23-m3-axial-crosspoint-greenville-sc-dji_0520-85\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/7.25.23-M3-AXIAL-Crosspoint-Greenville-SC-DJI_0520-85.jpg\" data-orig-size=\"1000,749\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1690289372&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"7.25.23 &#8211; M3 &#8211; AXIAL Crosspoint (Greenville SC) &#8211; DJI_0520-85\" data-image-description=\"&lt;p&gt;The industrial campus at 101, 201 and 301 Piedmont Grove Park in Greenville, S.C.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;AXIAL Crosspoint consists of three industrial facilities totaling 558,000 square feet. Image courtesy of Crescent Communities&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/7.25.23-M3-AXIAL-Crosspoint-Greenville-SC-DJI_0520-85.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/7.25.23-M3-AXIAL-Crosspoint-Greenville-SC-DJI_0520-85.jpg\" alt=\"The industrial campus at 101, 201 and 301 Piedmont Grove Park in Greenville, S.C.\" class=\"wp-image-1004703430\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/7.25.23-M3-AXIAL-Crosspoint-Greenville-SC-DJI_0520-85.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/7.25.23-M3-AXIAL-Crosspoint-Greenville-SC-DJI_0520-85.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/7.25.23-M3-AXIAL-Crosspoint-Greenville-SC-DJI_0520-85.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">AXIAL Crosspoint consists of three industrial facilities totaling 558,000 square feet. <em>Image courtesy of Crescent Communities<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>Crescent Communities<\/strong> has completed AXIAL Crosspoint, a three-building, 558,000-square-foot industrial campus in Greenville, S.C. <\/p>\n\n\n\n<p><strong>Santander Bank<\/strong> originated construction financing for this development in May 2022, according to CommercialEdge data, while <strong>AEW Capital Management<\/strong> provided equity. <strong>CBRE<\/strong> First Vice Presidents Marcus Cornelius and Campbell Lewis are handling leasing.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/construction-costs-continue-to-rise-in-2024\/\">Construction Costs Continue to Rise in 2024<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>The developer broke ground on the Class A park in June 2022. Other partners included <strong>MCA Architecture<\/strong> and <strong>Harper General Contractors<\/strong>. The three rear-load, infill facilities sit on a 72-acre site. About 60,000 square feet are already leased to lighting manufacturer <strong>Access Lighting<\/strong>. <\/p>\n\n\n\n<p>The 283,242-square-foot Building 1 features 36-foot clear heights, 60 dock-high loading doors and a 60-foot speed bay. Building 2 boasts 73,271 square feet with 32-foot clear heights and 31 dock doors, while the 201,649-square-foot Building 3 has 36-foot clear heights and 51 dock doors.<\/p>\n\n\n\n<p>Each facility has two drive-in doors and a combined 516 car parking spaces and 94 trailer stalls. The properties can accommodate tenants ranging from 16,000 to 283,000 square feet.<\/p>\n\n\n\n<p>The properties are at 101, 201 and 301 Piedmont Grove Park, between interstates 85 and 185, some 5 miles from downtown Greenville. Greenville Downtown Airport is 8 miles northeast, while Greenville-Spartanburg International Airport is within 16 miles. The campus is also 5 miles from the site where Nissin Foods USA is developing<a href=\"https:\/\/www.commercialsearch.com\/news\/nissin-foods-to-build-228m-sc-facility\/\"> a 640,640-square-foot facility<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-greenville-s-industrial-pipeline\">Greenville\u2019s industrial pipeline<\/h2>\n\n\n\n<p>According to a recent <a href=\"https:\/\/cw-gbl-gws-prod.azureedge.net\/-\/media\/cw\/marketbeat-pdfs\/2023\/q4\/us-reports\/industrial\/greenville-industrial-marketbeat-q4-2023.pdf?rev=0dbd6babf2fb4752835991bbd6d0dac7\" target=\"_blank\" rel=\"noreferrer noopener\">Cushman &amp; Wakefield report<\/a>, Greenville had nearly 9.5 million square feet of industrial space under construction in the fourth quarter of last year. The market\u2019s vacancy rate clocked in at 8.6 percent.<\/p>\n\n\n\n<p>In September, Rockefeller Group announced the development of its <a href=\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-brings-1-msf-industrial-project-to-south-carolina\/\">second industrial project <\/a>in the Greenville-Spartanburg market. Dubbed Spartanburg 221, the 1 million-square-foot speculative building is expected to come online in the fourth quarter of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South Carolina property totals more than 500,000 square feet. <\/p>\n","protected":false},"author":3355,"featured_media":1004703430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,32781],"tags":[33758,32789,33484,37179],"class_list":["post-1004703422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-southeast","tag-aew-capital-management","tag-cbre","tag-crescent-communities","tag-santander-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crescent Wraps Up Greenville Industrial Campus - 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