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Glenstar and Creek Lane Capital Announce ±3.6-Million-SF Industrial Development Project, Cherokee Commerce Center 85

CCC85 Annoucement_Larger

Greenville-Spartanburg, SC- As industrial demand continues to drive new development in the Upstate and expand the boundaries of the Charlotte market, the I-85 corridor in Cherokee County has recently seen elevated interest from developers nationwide. In part due to favorable labor dynamics and accessibility to a large consumer population that Cherokee County provides, Chicago-based developer Glenstar and Creek Lane Capital have announced a 290-acre tract in Gaffney will be the destination for their newest big-box development project, ±3.6-million-square-foot Cherokee Commerce Center 85.

The developer and capital partner plan to invest $415 million in the project, announcing plans to construct up to six buildings in multiple phases. The first two facilities at the park, ±500,000-square-foot (expandable to 1.3 million square feet) Building Two and 278,200-square-foot Building Four, are expected to begin construction in January 2023 with delivery in Q4 2023. Master plans show potential for up to ±1.6 million square feet under one roof to accommodate bulk industrial users.

The park will offer tenants Class A+ industrial space with industry-leading specifications necessary for distribution and/or manufacturing in a convenient location just off the main I-85 belt.

Other recent industrial developments in the Cherokee corridor include DHL and Mann+Hummel’s 1.4-million-square-foot distribution center at Exit 87 and the acquisition and expansion of TTI’s 1-million-square-foot facility on Commerce Drive at Exit 96.

Cherokee Commerce Center 85’s master plan focuses on maximum flexibility in size and configuration, with expandability options to meet specific tenant needs. The location offers future tenants access to Charlotte, NC, the Inland Port in Greer, two international airports and BMW’s Plant Spartanburg within a 50-mile radius and is an attractive distribution corridor due to the ability to reach 100 million consumers within a one-day truck drive.

“There is no question that Cherokee County is the new frontier for industrial development in 2022,” says Cherokee County Administrator Steve Bratton. “ Ample space to accommodate big-box industrial requirements and many of the same locational benefits for distribution as nearby Charlotte or Spartanburg make this a highly desirable submarket for distribution purposes. The availability of land and attractive labor dynamics show untapped potential that will certainly open up new opportunities for investment in coming years.” 

The Colliers industrial brokerage team of Garrett Scott, John Montgomery, Brockton Hall and Dillon Swayngim has been selected to handle leasing for the park. The team will market the property as an opportunity for industrial users looking for Class A+ space with easy access to the interstate along with favorable state and local incentives and healthy workforce dynamics.


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Garrett Scott

Managing Director

Spartanburg

With more than 30 years’ experience in brokerage and industrial development in the Upstate of South Carolina and beyond, I offer expert advice and a unique perspective which gives my clients the edge in a competitive market. 

My experience includes the planning, acquisition and implementation of more than 31 industrial parks in key manufacturing and distribution markets. In addition, I have been responsible for the development of more than 38 million square feet of industrial space including Class A manufacturing, automotive supply, warehouse, logistics fulfillment and e-commerce related facilities. 

More than 140 clients have relied on me to manage the start-up and implementation of their facilities. This background brings invaluable experience and understanding which allows me to meet the needs of tenants, developers and investors “from dock-door to C-suite”.

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John Montgomery

Managing Director

Spartanburg

I am a Managing Director of Colliers | South Carolina in the Spartanburg office, specializing in industrial buildings, industrial land and tenant representation. 

My experience includes master-planning and developing thousands of acres of real estate as well as attracting significant economic development projects worth billions of dollars and thousands of jobs including Toray Carbon Fibers, Ritrama, Kobelco, Keurig Dr. Pepper, Magna Seating and Techtronics Industries.

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Brockton Hall

Vice President

Greenville

Brockton Hall is a Vice President with Colliers International in the Greenville and Spartanburg offices. He is a member of the Upstate industrial team along with long-time real estate professionals, Garrett Scott and John Montgomery. This team specializes in the needs of industrial landlords and occupiers throughout the Southeast. 

Hall comes from a commercial construction background with years of experience in the commercial sector working on projects including K-12, office and institutional. He also has significant renovation and retrofitting experience. His construction background allows him to assist occupiers with their building specifications and advise them during the build-to-suit and new construction process. For developers and investors, he is well-equipped to advise on construction-related issues involved in tenant upfits, value-add projects and new development.

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Dillon Swayngim

Vice President

Spartanburg

I specialize in industrial and flex properties through landlord and tenant representation as well as industrial investment sales. 

I define success in my work as going above and beyond for clients and when the projects that I work on produce a substantial impact on local and regional economic development. My client roster has included large companies such as Amazon, institutional investors and small local businesses. Each of my clients are treated in the same manner as they expect responsiveness, professionalism and market expertise, and I take pride in being able to deliver each for them. Being able to identify operational inefficiencies and identify solutions for my clients is one of my biggest assets.

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