Construction may soon begin on two speculative industrial buildings on Zimmerman Road in Spartanburg, thanks to $28.4 million of construction financing and $12 million in joint-venture equity secured by Avison Young.
The financing was secured on behalf of RealtyLink for two 230,000-square-foot industrial buildings to be constructed on a 78-acre parcel near the junction of interstates 26 and 85.
The two buildings of Phase 1 are expected to be complete in late 2025. Phase 2 is expected to involve a nearly 420,000-square-foot build-to-suit project.
Spectrum announces fiber service in Cherokee County
Spectrum will offer internet, mobile, TV and voice services to more than 6,200 homes and small businesses in Cherokee County as part of the company’s $5 billion Rural Digital Opportunity Fund-related investments nationally.
The project will take advantage of Spectrum’s newly constructed fiber optic network and seeks to offer gigabit broadband services to unserved rural communities.
The RDOF expansion aims to provide broadband access to 1.3 million households across 24 states in the coming years.
Stateline 85 industrial project breaks ground in Cherokee County
GTIS Partners and Collett Industrial have broken ground on Stateline 85, a three-building, 933,120-square-foot industrial development in Cherokee County.
The project will be developed in two phases, the first of which will be two buildings expected to be complete by summer 2025.
Stateline 85 is located at 212 Tribal Road near the North Carolina/South Carolina border between exits 106 and 104 on Interstate 85. The project’s first phase includes buildings 1 and 2 spanning 198,720 and 224,640 square feet, respectively, while the second phase will support build-to-suit opportunities up to 500,000 square feet.
Fifth Third Bank becomes title sponsor of Spartanburgers education program
Aiming to increase financial literacy among area students, Fifth Third Bank has become the title sponsor of a new education program by Spartanburg’s minor league baseball team, the Hub City Spartanburgers.
Joining team players, front office staff and the mascot, bank employees will visit local schools throughout the year to teach students personal finance basics with a curriculum designed to be fun and engaging.
As part of the initiative, Fifth Third Bank will also sponsor the team’s annual education day game, during which the Spartanburgers will invite school groups to Fifth Third Park and feature educational programming and entertainment.
The effort kicked off in September with a visit to Carver Middle School.
