CRE 101 Blog

It took just over a year for Glenstar Logistics to complete the first of five buildings at 290-acre the Cherokee Commerce Center 85 (CCC-85) in Gaffney, S.C. The company broke ground on the 550,520-square-foot building in October 2023. The site is adjacent to Interstate 85 in Upstate South Carolina’s Cherokee County industrial corridor. CrossHarbor Capital Partners supplied $38.2 million in construction financing for what is expected to be a $415 million project.

Slated for completion in Q4 2024, CCC-85 Building 2 is being built on a speculative basis with the flexibility to expand to 1.3 million square feet. Potential uses include warehousing and distribution, food processing, assembly/light manufacturing and refrigeration/cold storage. CCC-85 will offer a power capacity of up to 54 megawatts.

Glenstar Logistics’ partners at CCC-85 include capital partner Creek Lane Capital, general contractor The Conlan Company, and architect Ware Malcomb. John Montgomery, Garrett Scott, Brockton Hall and Dillon Swayngim of the Spartanburg office of Colliers are marketing the building on behalf of ownership.

The post Glenstar Wraps Up 1st Phase of $415M SC Commerce Park appeared first on Connect CRE.

​  It took just over a year for Glenstar Logistics to complete the first of five buildings at 290-acre the Cherokee Commerce Center 85 (CCC-85) in Gaffney, S.C. The company broke ground on the 550,520-square-foot building in October 2023. The site is adjacent to Interstate 85 in Upstate South Carolina’s Cherokee County industrial corridor. CrossHarbor Capital Partners …
The post Glenstar Wraps Up 1st Phase of $415M SC Commerce Park appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News