GTIS Partners is in a joint venture with Collett Industrial, an industrial developer headquartered in Charlotte, N.C., to acquire a 107-acre site located along Tribal Road in the I-85 South submarket of Charlotte in Cherokee County, S.C.
The site is considered an Opportunity Zone within the Charlotte MSA and is expected to be developed into approximately 850,000–930,000 square feet of industrial warehouse space across two phases. Phase I includes a 200,000-square-foot rear load building and a 225,000-square-foot rear load building. Phase II will consist of either a single 510,000-square-foot cross-dock building or two rear-load buildings totaling about 423,000 square feet that will mirror Phase I.
Given its proximity to Charlotte and Greenville-Spartanburg (GSP), as well as Atlanta and Raleigh-Durham, the development will have the opportunity to pull demand from GSP and other areas as a secondary demand driver to Charlotte. It is also projected to draw labor from C
