As 120,000-square-foot office building delivers, developer unveils plans for the next phase of the mixed-use development.
CHARLOTTE (March 3, 2022) – CrossRidge Development and JLL today announce the completion of CrossRidge One, a 120,000-square-foot, Class-A office building located within CrossRidge Center, a 190-acre, mixed-use development in Indian Land, South Carolina. The next phase of development for the center, which includes 55,000 square feet of retail, is slated to begin construction Q4 2022. JLL Senior Managing Director Charley Leavitt is leading office leasing, while Senior Vice President Margot Bizon and Vice President Lindsay Stafford are marketing the retail component.
Now available for lease, CrossRidge One is a Class-A office building featuring 30,000-square-foot floor plates. With plenty of room for expansion and flexibility for customization, the center is thoughtfully designed as the ideal office opportunity for a potential headquarters or corporate campus. Architectural firm Perkins Eastman designed CrossRidge One and Edifice Inc. served as the general contractor.
“Congratulations to CrossRidge in the realization of this vital step toward the creation of the region’s premier work-live-play development,” said Raleigh J. Cline, AIA and Principal of Perkins Eastman. “Perkins Eastman is honored to be a trusted design partner in helping to establish CrossRidge as a Class-A office park destination.”
Phase I of CrossRidge Center’s retail expansion will feature 55,000 square feet of space, delivering summer of 2023. The center encompasses six retail parcels available for ground lease, build-to-suit and multi-tenant building at the front of the mixed-use development. Future retailers will have unmatched visibility along Highway 521, an area experiencing explosive residential growth and an expanding daytime work population. Phase II will deliver an additional 150,000 square feet over the course of three years.
“With the completion of CrossRidge One, we are ready to take the next steps in creating a legacy family destination in Indian Land,” said David Cerullo, CEO of CrossRidge. “A destination we hope will be timeless in its design and timeless in the experiences it offers. We believe CrossRidge will be the destination for dining, shopping, recreation and entertainment in Lancaster County and beyond. We have created a beautiful master plan and are now poised to begin the next phase of construction.”
“We are thrilled to build upon the momentum at CrossRidge Center with the addition of a best-in-class retail component, which will provide seamless access to a variety of walkable amenities for CrossRidge Center’s office users,” said JLL’s Bizon. “As the retail sector rebounds from the pandemic, demand for ground-up retail is higher than ever and there is great potential to bring high-end and desirable dining and shopping options to the surrounding community.”
CrossRidge Center’s first phase also includes a 120-key hotel. The site already featured an existing Class-A office building, a 32,000-square-foot conference and event center, and a 75,000-square-foot YMCA. Located across the North Carolina border in Indian Land, CrossRidge Center features more than 1,500 feet of front-facing property on Highway 521 and has three primary ingress and egress points for ease of access. CrossRidge Center is just miles from Charlotte’s affluent Ballantyne community and is located in close proximity to dozens of grocery, shopping and dining options. The site also includes a scenic lake, fountains, bridges and manicured landscaping.
According to JLL Charlotte’s Q4 Office Insight, the market experienced record-breaking construction volume, ending the year with 4.9 million square feet of deliveries. Additionally, Charlotte ranked first in the U.S. for office building deliveries – ahead of Atlanta, Silicon Valley and Austin. As market-wide preleasing on new product remains strong, JLL’s experts predict the office pipeline will normalize this year as Charlotte shows positive signs of recovery.
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