Glenstar Properties Secures $38.2M Construction Loan From CrossHarbor Capital Partners For Cherokee Commerce Center 85

Glenstar Properties has secured $38.2 million in construction financing from CrossHarbor Capital Partners for the first phase of the Cherokee Commerce Center 85 in Gaffney, South Carolina. The industrial park spans 3.6 million square feet and is located at Interstate 85 and Highway 105 in Gaffney, SC.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $38,200,000
• Address: Interstate 85 and Highway 105, Gaffney, SC
• Market: Gaffney, SC
• Landlord: Glenstar Properties - Brian Netzky
• Lender: CrossHarbor Capital Partners

Glenstar Properties, led by Brian Netzky, has secured a construction loan of $38.2 million from CrossHarbor Capital Partners for the first phase of Cherokee Commerce Center 85. The funding will support the development of the 3.6 million-square-foot industrial park in Gaffney, South Carolina. The loan will enable Glenstar Properties to proceed with the construction of the Cherokee Commerce Center, further expanding the industrial real estate market in the Gaffney area.