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
No comments:
Post a Comment