Sunday, April 12, 2015

Crescent Communities Developing Spec Industrial Building in AirPark West in Northwest Charlotte, NC


CHARLOTTE, N.C. — The commercial and mixed-use team of Crescent Communities has broken ground on Air Park West Three, a state-of-the-art, 209,000-square-foot speculative industrial building in the AirPark West industrial park in northwest Charlotte.

The 200-foot-deep front-loading building, slated for completion in September, has been designed to LEED standards and will feature a 32-foot clear height, ESFR sprinkler system, a 60 mil TPO roof and painted roof deck, 46 insulated 9-foot-by-10-foot overhead doors and two drive-in doors. 

Merriman Schmitt Architects designed the building, and Myers & Chapman is the general contractor.

AirPark West is located at I-85 and Sam Wilson Road, and offers close proximity to I-485, Charlotte Douglas International Airport and the Charlotte Regional Intermodal Facility. The park features two industrial buildings, also developed by Crescent, that total 276,000 square feet; both of the buildings are fully occupied.

The new speculative building comes as industrial demand in metro Charlotte continues to grow. The metro area’s overall industrial vacancy rate currently sits at 5.9 percent; in the Northwest submarket in which AirPark West is located, the rate is even tighter: 5.4 percent.

“This is the ideal time to break ground on a spec industrial facility in this market,” said Ned Austin, a vice president on Crescent’s commercial team. “With the economy improving and industrial vacancy rates tightening, this new facility is poised to attract tenants quickly, especially when you consider the building’s top-quality features and unbeatable access to Charlotte’s major transportation corridors and facilities.”

 For a complete copy of the company’s news release, please contact:

Tony Wilbert, The Wilbert Group
404.254.1487


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