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.

PREMIER Design + Build Group has completed work on Phase II of the Rickenbacker Logistics Park project in Columbus. OH. The completion adds more than two million square feet of industrial space for client CT Realty, or nearly twice as much as the project’s first phase.

“The Rickenbacker Logistics Park is nothing less than a best-in-class campus,” said Ryan Keefe, Premier’s EVP, Midwest. “It’s designed and built to deliver what today’s users need to thrive, and it’s located in a geographic region that’s seeing exponential growth. As we complete each phase, we see the enormous demand for these spaces that facilitate business success for users.”

The Premier team included program manager Samantha Skopek, project manager Dan Freitag and superintendent Thomas Sterbenz. The team recently began work on Phase III of the project, which will add a 773,000-square-foot building to the campus. When complete, Rickenbacker Logistics Park will total four million square feet across six buildings.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!