CRE 101 Blog

Crescent Communities and GTIS Partners are working together on an industrial project planned in Huntersville. The local planning board is recommending approval of a rezoning request that would allow the duo to build 450,000 square feet of industrial space at 12705 Commerce Station Drive, which is called Axial Commerce Station. The buildings are slated to be 316,250 square feet and 136,5000 square feet. Crescent is hoping to start by the end of this year. The buildings will be delivered in late 2026.

The Charlotte Business Journal reports the developer said the total investment in the project would exceed $50 million. Crescent estimates that once the buildings are completed, the project will create over 250 jobs.

New York-based real estate investment firm GTIS also has several projects in the Charlotte area. The firm announced plans for a $27 million industrial project in Gaston County.

The post Crescent, GTIS Teaming Up on Charlotte Warehouses appeared first on Connect CRE.

​  Crescent Communities and GTIS Partners are working together on an industrial project planned in Huntersville. The local planning board is recommending approval of a rezoning request that would allow the duo to build 450,000 square feet of industrial space at 12705 Commerce Station Drive, which is called Axial Commerce Station. The buildings are slated to …
The post Crescent, GTIS Teaming Up on Charlotte Warehouses appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News