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Atlanta & Southeast  + Southeast  + Industrial  |  July 6, 2021
Paul Bubny
By: Paul Bubny

Crescent Communities Trades Charlotte-Area Industrial

Crescent Communities closed the sale of Stateline Logistics Center, a shallow bay industrial building in Fort Mill, SC, just outside of Charlotte. The building was purchased by GID Industrial, a privately held industrial real estate platform, for an undisclosed sum.

Developed by Crescent Communities beginning in late 2019, Stateline Logistics Center completed construction in August 2020 and is partially leased to STIWA US Inc. and 3D Digital Solutions. Leasing efforts will continue to be provided by Cushman & Wakefield. 

“This was a successful and seamless closing for Crescent Communities, in a market where we are continuing to grow,” said Bryan Blythe, managing director of industrial at Crescent. “We’re excited to see what’s next as we continue to expand our industrial footprint in the Carolinas and beyond.” 

Located at 145 Steele Point Dr. in Lakemont Business Park, Stateline Logistics Center provides convenient access to I-77, I-485 and Charlotte Douglas International Airport.  

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Inside The Story

Crescent’s Blythe

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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