Glenstar Logistics Completes Construction of First Building at CCC-85, 290-Acre Industrial Park in Gaffney, South Carolina

GAFFNEY, S.C. (JAN 8, 2025) — Developer Glenstar Logistics today announced it has completed construction of CCC-85 Building 2, the first of five buildings at its new 290-acre Cherokee Commerce Center 85 (CCC-85) development in Gaffney, S.C., adjacent to Interstate 85 in upstate South Carolina’s Cherokee County industrial corridor.

“We’ve seen a significant uptick in distribution and manufacturing users interested in leasing space in the new building, especially with its heavy power profile and water and sewer capacity,” said Brian Netzky, managing principal of Glenstar Logistics. “At the end of 2024, tenants started making lease commitments at a faster pace than earlier in the year, and we think that momentum will continue this quarter. Top on their wish list is modern space with substantial power, and abundant truck parking and outdoor storage to meet today’s logistical and operational requirements.”

At the end of the third quarter, vacancy in Cherokee County had decreased to 6.1%, according to Colliers. The brokerage’s Q3 industrial report also noted that in-market tenants are beginning to trade older Class B and C buildings for Class A spaces.

Built on a speculative basis, the cross-docked 550,520-square-foot building can be expanded to 1.3 million square feet. Potential uses include warehousing and distribution, advanced manufacturing, food processing, assembly/light manufacturing and refrigeration/cold storage. The building features 40-foot clear heights, 56-feet-by-50-feet column spacing, 60-foot speed bays, up to 232 dock doors, four drive-in doors and abundant flexible parking while accommodating up to 200MW of power within three years. Upon full buildout, the park will total up to 3.6 million square feet. Tenants of CCC-85 will also have access to Cherokee County’s skilled workforce along with Tier 4 economic development incentives.

Located at the four-way highly amenitized I-85/Highway 105 interchange, CCC-85 sits across I-85 from Boysen’s manufacturing plant, which supplies BMW’s manufacturing facility 31 miles away in Spartanburg; a Freightliner Custom Chassis manufacturing plant; and a Nestlé USA frozen food factory. The park is 25 minutes from Inland Port Greer and 30 minutes from the Charlotte metro. From CCC-85, tenants can reach more than 135 million consumers within a day’s drive.

Glenstar Logistics’ partners at CCC-85 include capital partner Creek Lane Capital, general contractor The Conlan Company, architect Ware Malcomb and civil engineer SeamonWhiteside, with CrossHarbor Capital Partners supplying $38.2 million in construction financing. John Montgomery, Garrett Scott, Brockton Hall and Dillon Swayngim of the Spartanburg office of Colliers are marketing the building on behalf of ownership.

About Glenstar Logistics:

Glenstar Logistics, the industrial arm of Glenstar, develops and invests in state-of-the-art warehouse, distribution and manufacturing facilities primarily in the southeast region of the United States. Headquartered in Chicago, Glenstar Logistics leverages decades-long relationships with local brokers, logisticians and end users to provide a unique insight on key factors tenants evaluate when making site selections. With 400+ acres currently under control, the team combines decades of real estate experience and proprietary third-party data analytics to direct every aspect of the development process with the end user in mind.