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Mar. 24, 2014

Crescent Communities HQ Goes LEED Silver ; Cassidy Turley Brokers Office Lease and M-U Sale

By Eliza Theiss, Associate Editor

Crescent Communities CEO Todd Mansfield receives USGBC LEED Silver certification plaque

Crescent Communities, a diversified real estate investment, development and operating company focused on creating sustainable communities has announced the LEED Silver certification for its renovated corporate headquarters in Charlotte.  The certification was awarded for the implementation of water and energy efficiency, use of recycled content and materials, indoor environment quality, including focus on natural daylight and views with floor-to-ceiling windows. The new corporate headquarters also includes an Innovations Lab, which encourages collaboration among employees.

Our new space reflects our commitment to innovation and place making, and inherent in that practice is environmental responsibility,” says Crescent CEO Todd Mansfield when accepting the USGBC plaque in a presentation ceremony at Crescent’s Charlotte office.

In other office news, leading commercial real estate services provider Cassidy Turley announced that Andritz Hydro Corp. renewed its 17,135-square-foot lease in University Research Park. Andritz Hydro, a global supplier of electro-mechanical systems and services for hydropower plants and a major player in the global hydraulic power generation market occupies more than half of the fifth floor of the 151,916-square-foot Class A Four Resource Square office building.  While the lender was represented in-house, Cassidy Turley represented landlord RAIT Financial Trust, an internally managed real estate investment trust.

Cassidy Turley also announced the sale of Edison Square, a 36,433 square foot mixed-use retail and office development in Concord, NC. TCA Edison, LLC, an ownership group lead by Trinity Capital Advisors and represented by Cassidy Turley in the transaction, sold Edison Square to Florida-based HCC-Edison Square, LLC for $8.65 million.

Located on 9.1 acres at Harris Road and Edison Square Drive NW, the 94 percent-leased asset consists of three buildings and additional land for further office and retail development.

Image courtesy of Crescent Communities

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