Mortgage Broker in Gaffney, SC

The largest ever capital investment in upstate South Carolina's Cherokee County will begin late this spring when Chicago-based Glenstar Properties will start building the $415 million Cherokee Commerce Center 85 (CCC 85) in the town of Gaffney.

From start to finish, the warehouse's construction is slated to wrap up in about one year, noted the American Journal of Transportation (AJOT), a national publication.

The 550,520-sq.-ft. spec-to-suit warehouse, known as Building 2, will be built so that it can be expanded to 1.3 million sq. ft., if needed.

It is only one of five buildings planned by Glenstar and its partner, Creek Lane Capital, for the 290-acre warehouse park that will encompass 3.6 million-sq.-ft. at the intersection of S.C. Highway 105/Hyatt Street and the Interstate 85 corridor. It is an area of rapid growth between Greenville-Spartanburg, S.C., to the southwest, and Charlotte, N.C., to the northeast.

Glenstar, known for two decades as a national office and multifamily developer, is expanding its recent focus in industrial development with the Gaffney project. The news of CCC 85 follows the firm's 2022 debut in the southeast U.S. industrial sector with the groundbreaking of Tri-County 75, a new 72-acre, four-building industrial park in Fort Myers, Fla., totaling 818,000 sq. ft.

Last year, Glenstar also made the strategic hire of 30-year industrial veteran Brian Netzky as its principal. He joins company co-founder Michel Klein in leading the firm's new industrial initiatives, which are primarily focused on the Sunbelt region, and specifically the Southeast's booming I-85 corridor.

CCC 85 to Offer Massive Product Storage Space

All the warehouses at CCC 85 are being built on a speculative basis with pre-leasing now under way.

Building 2 will have a cross-dock orientation, 40-ft. clear heights, up to 232 dock doors, four drive-in doors, and parking for 452 trailers and 540 cars.

The next to break ground will be Building 4, which will include a rear-load orientation, 36-ft. clear heights, 56 dock doors, two drive-in doors, and parking for 132 trailers and 324 cars.

"Due to CCC 85's massive scope and ideal location, tenants can choose from a range of mid- to bulk-size, and best-in-class industrial space adjacent to the I-85 corridor, one of the most critical supply chain links in the Southeast," said Netzky. "The ample space also allows for flexibility to accommodate up to 1.7 million sq. ft. under one roof."

CCC 85 will be located 33 mi. from the BMW Group Plant in Spartanburg, 38 mi. from Inland Port Greer and 50 mi. southwest of Charlotte. From CCC 85, tenants can reach 100 million consumers within a one-day drive, noted AJOT. Tenants and owner/occupiers also will have access to Tier-3 incentives to further maximize their return on investment.

The Conlan Company, a Texas-based firm with an office in Marietta, Ga., will serve as the project's general contractor; South Carolina's SeamonWhiteside will provide civil engineering services.

In addition, Ware Malcomb, a nationally known architecture firm in Irvine, Calif., was selected to design CCC 85.

The industrial space will be leased by Charlotte-based Colliers, recognized as one of the nation's top commercial real estate companies.

"Despite headwinds and talk of cooling in some markets, we see only room to run for industrial, particularly in the Southeast, which has record-low occupancy combined with tremendous population growth that's creating even more demand," said Glenstar's Klein. "We anticipate significant pre-leasing on our ground-up, big box, institutional-quality industrial facilities, which enables us to modify the spec space to suit tenant needs in real-time."

GAFFNEY, S.C. —

More than 250 jobs are coming to the Upstate thanks to a new bakery, officials said Wednesday.

State officials announced that Gaffney Bakery, LLC and its partners plan to establish operations in Cherokee County.

The company’s $96 million investment will create more than 260 new jobs, officials said.

“Gaffney Bakery, LLC recognizes that South Carolina is the key ingredient for success," Chairman of the Senate Finance Committee Harvey S. Peeler Jr. said. "Our greatest asset – our people – is what makes that ingredient so strong."

Gaffney Bakery, LLC plans to purchase an existing state-of-the-art bakery facility located at 131 Corporate Drive in Gaffney that once housed ACE Bakery operations until it closed late last year.

Here is a look at the inside of the bakery facility when ACE opened in 2013.

The company will make significant renovations and improvements to assist in manufacturing frozen bakery products, officials said.

Operations are expected to be online by mid-2024.

More news (story will continue after links.)

Anyone interested in applying for a job at the new bakery should visit readySC in late 2023 and early 2024 for job postings, officials said.

Company officials look forward to opening this facility and partnering with South Carolina and Cherokee County.

Old Europe transports South Carolina customers with sweet tooth to traditional cafe

"This is a testament to the strength of our workforce, our business-friendly environment and our strategic location," Cherokee County Council Chairman Tim Spencer said. "We look forward to supporting their growth and success in our community."

The Coordinating Council for Economic Development approved job development credits related to this project. The council also awarded a $2.5 million Rural Infrastructure Fund grant to Cherokee County to assist with the costs of building improvements.