GTIS Partners JV Kicks Off 933 KSF Campus

GTIS Partners and Collett Industrial has started construction on the first phase of Stateline 85, a 933,120-square-foot, three-building campus in Blacksburg, S.C., within the Greenville market. The first two facilities are expected to come online by next summer. Cushman & Wakefield will oversee leasing efforts for the entire industrial park.

This marks the third partnership between the two companies. In 2022, the duo formed a $140 million joint venture to develop two adjacent projects within the same market.

The first phase of the development will comprise the 198,720-square-foot Building 1 and Building 2, of about 224,640 square feet. The first facility will have 32-foot clear heights, 171 auto parking spots and 50 trailer stalls, while the second one will have 36-foot clear heights, 175 vehicle spaces and 63 trailer spaces.

The second phase will consist of a build-to-suit facility that can measure approximately 500,000 square feet.

The campus is taking shape at 212 Tribal Road, providing easy access to Interstate 85. Downtown Blacksburg is 4 miles away, while downtown Greenville is some 62 miles southwest. Charlotte Douglas International Airport is less than 36 miles away.

Cushman & Wakefield Director Drew Coholan, Executive Managing Director Matt Treble and Executive Director Fermin Deoca are taking care of leasing the entire project.

More industrial projects underway in Greenville

Year-to-date through June, the Greenville-Spartanburg market saw about 1.3 million square feet in speculative industrial deliveries, according to a CBRE market report. Additionally, the metro’s under-construction pipeline at the end of June clocked in at 6.9 million square feet, out of which just 1 million square feet is build-to-suit.

Earlier this year, Crescent Communities completed AXIAL Crosspoint, a three-building, 558,000-square-foot industrial campus in Greenville, S.C. The developer broke ground on the 72-acre park in June 2022.

In November, Nissin Foods USA announced plans for a $228 million manufacturing plant in Greenville County. The 640,640-square-foot facility will feature sustainable elements and is scheduled for completion in August next year.