News release courtesy of Crescent Communities.
Charlotte, N.C. – (May 13, 2021) – Today, Crescent Communities, a nationally-recognized, market-leading real estate investor, developer, and operator of mixed-use communities, announces the completion of construction at Escent Research Park, a creative office community situated in the heart of University City in Charlotte, NC.
The first creative office space in the area, Escent Research Park boasts four stories and 159,000 square feet of modern, purposeful design that offers tenants an indoor and outdoor collaborative environment.
Designed to spark connection and creativity, the building’s open floor plans with virtually column-free layouts provide flexible interior design for prospective employers, complete with natural light and tree-lined views. The finished space features an expansive two-story entrance with community lounges, a community terraced lawn, access to nearby walking trails, plus an abundance of on-site property amenities.
“Escent Research Park marks the next chapter for Crescent Communities in University City – an important milestone for our Commercial organization,” says Brendan Pierce, Senior Managing Director at Crescent Communities. “The market’s highly attractive growth activity proves its emergence as a critical employment and technology hub and is just one of the many reasons we chose to build the area’s first creative office space.”
Located near the intersection of West Mallard Creek Church Road and David Taylor Drive in Charlotte’s University submarket, Escent Research Park is situated on 21 acres of land, with ample retail located within a five minute walk and access to the light rail and I-85 each within one mile. Escent Research Park’s central location provides easy access to the airport, I-485, and I-77.
“We are thrilled to add Escent Research Park to rapidly expanding University City,” shares Darlene Heater, Executive Director for University City Partners. “Escent Research Park brings a new type of workplace to the area, one that will attract a variety of talent and drive University City’s long-term economic vitality as a center for employment, living, education, commerce, and entertainment.”
Escent Research Park was designed and built by a team of industry experts, including Choate Construction, BB+M Architecture, ColeJenest & Stone, and leasing is being provided by CBRE.
For more information, visit www.escentresearchpark.com.
About Crescent Communities
Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States.
Since 1963, Crescent Communities’ development portfolio has included more than 63 multifamily communities, 21 million square feet of commercial space and 60 single family master-planned communities.
Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. The company’s multifamily communities are branded NOVEL by Crescent Communities.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide.
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit their website at www.cbre.com.