Glenstar Logistics has completed the first of five buildings at the Cherokee Commerce Center 85 (CCC-85) in Gaffney, S.C. The project, located on a 290-acre site adjacent to Interstate 85 in Upstate South Carolina’s Cherokee County industrial corridor, broke ground in October of 2023 and was finished just over a year later. CrossHarbor Capital Partners provided $38.2 million for construction financing.
Expected to be completed by Q4 of 2024, CCC-85 Building 2 is being constructed on a speculative basis with potential for expansion up to1.3 million square feet. This versatile building can accommodate various uses such as warehousing and distribution, food processing, assembly/light manufacturing and refrigeration/cold storage with its power capacity of up to54 megawatts.
Glenstar Logistics’ partners at CCC-85 include Creek Lane Capital as their capital partner,Creek Lane Capital as their general contractor The Conlan Company,and architect Ware Malcomb.John Montgomery,Garrett Scott,Brockton Hall,and Dillon Swayngim from Colliers’ Spartanburg office are marketing the building on behalf of ownership.The total cost for this project is estimated at $415 million.
