Charlotte, NC, December 20, 2025
The sale of the 449,069-square-foot AXIAL Rapid Commerce facility in Charlotte, NC, to Pacolet Milliken signals a promising development in the local logistics sector, primarily leased to Amazon. This move is set to generate hundreds of jobs and support economic growth across various industries in the region, reflecting a growing trend in industrial real estate investment.
AXIAL Rapid Commerce Facility Sold in Charlotte, NC
This pivotal transaction fosters economic opportunities across industries.
Charlotte, North Carolina – The recent sale of AXIAL Rapid Commerce, a state-of-the-art industrial facility, marks a significant milestone in the region’s logistics landscape. Crescent Communities and Fortius Capital Partners have successfully transitioned ownership of this 449,069-square-foot Class A industrial property, located at 500 Rhyne Road, to Pacolet Milliken, although the sale price has not been disclosed. This transaction reflects the evolving dynamics of industrial real estate in Charlotte and highlights the impressive growth trajectory of the local business scene.
The facility is fully leased to Amazon, which underscores the strategic importance of this kind of infrastructure in supporting high-demand logistics operations. Notably, this lease is recognized as one of the Charlotte region’s most significant industrial agreements for 2025, potentially generating hundreds of direct and indirect jobs within logistics, distribution, and ancillary sectors. As the economy continues to rebound, such developments signal a positive trend for local job markets and support for small business supply chains in Rock Hill, SC, and surrounding areas.
Key Features of AXIAL Rapid Commerce
AXIAL Rapid Commerce stands out not only for its size but also for its modern amenities designed to enhance operational efficiency. Key features include:
- 3,850 square feet of office space
- 338 automobile parking spaces and 106 trailer parking spaces
- Two drive-in doors and multiple storefronts
- 36-foot clear heights and an abundance of dock doors
Additionally, the property is LEED-certified, reflecting a commitment to sustainable practices. It incorporates innovative features such as a 14% reduction in embodied carbon during construction, advanced recycling systems, and environmentally responsible materials, emphasizing the role of sustainability in contemporary industrial operations.
Investment Landscape for Industrial Real Estate
The acquisition by Pacolet Milliken, a multi-generational, family-owned investment firm based in Greenville, South Carolina, demonstrates a disciplined, long-term strategy towards high-quality real estate and infrastructure assets. This intent aligns with the broader trend of increasing investments in logistics and distribution facilities, particularly in profitable markets like Charlotte. Such investments foster job creation and stimulate the local economy, thereby benefiting residents and entrepreneurs in adjacent regions like Rock Hill.
Growth Driven by Local Innovation
The positioning of AXIAL Rapid Commerce within the 1.5 million-square-foot Rapid Commerce Park channelizes swift access to major highways and transportation networks, further enhancing its appeal to logistics companies. The region’s focus on reducing regulatory burdens creates an environment ripe for entrepreneurial ventures. Access to high-quality facilities like AXIAL contributes to the capacity for growth in logistics and distribution sectors, which are essential for supplying local small businesses and enhancing the overall economic health of York County.
Job Creation Impact
The presence of Amazon as a key tenant is crucial. With expectations of creating hundreds of jobs in various capacities, including logistics and distribution, the region stands to benefit significantly from this facility’s operations. The influx of jobs not only supports families but invigorates the entire economic ecosystem, encouraging further investment from entrepreneurs and businesses seeking to establish operations in the area.
Conclusion
The sale of the AXIAL Rapid Commerce facility reflects a broader trend of growth within the logistics sector and showcases the increasing importance of investment in industrial real estate. As Pacolet Milliken assumes ownership with the potential for sustainable development and job creation, Rock Hill residents and business owners can look forward to the positive ripple effects this transaction will foster across the local economy. Residents are encouraged to support their local businesses to sustain this momentum and contribute to a thriving community.
Frequently Asked Questions (FAQ)
What is AXIAL Rapid Commerce?
AXIAL Rapid Commerce is a 449,069-square-foot Class A industrial facility located at 500 Rhyne Road in Charlotte, North Carolina. It is fully leased to Amazon and situated within the 1.5 million-square-foot Rapid Commerce Park.
Who are the parties involved in the sale?
The facility was sold by Crescent Communities and Fortius Capital Partners to Pacolet Milliken.
What are the key features of the facility?
The facility includes 3,850 square feet of office space, 338 automobile parking spaces, 106 trailer parking spaces, two drive-in doors, multiple storefronts, 36-foot clear heights, and abundant dock doors. It is LEED-certified, incorporating sustainable features such as a 14% reduction in embodied carbon during construction, heat island reduction, advanced recycling systems, and environmentally responsible materials.
What is the significance of Amazon’s lease?
Amazon’s full-building lease is one of the Charlotte region’s most significant industrial agreements of 2025 and is expected to generate hundreds of direct and indirect jobs in logistics, distribution, and related industries.
Who is Pacolet Milliken?
Pacolet Milliken is a multi-generational, family-owned investment company headquartered in Greenville, South Carolina, with a disciplined, long-term approach to owning and growing high-quality real estate and infrastructure assets.
Key Features of AXIAL Rapid Commerce
| Feature | Description |
|---|---|
| Size | 449,069 square feet |
| Location | 500 Rhyne Road, Charlotte, North Carolina |
| Leasing | Fully leased to Amazon |
| Office Space | 3,850 square feet |
| Parking | 338 automobile spaces, 106 trailer spaces |
| Design | 36-foot clear heights, abundant dock doors |
| Sustainability | LEED-certified with sustainable features |
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