Treeline Acquires Land Parcel for Development in Southeast

Treeline has acquired a 36-acre industrial site in Gaffney, SC and announced a $30 million plan to develop Victory Crossing, an approximately 300,000 square-foot Class A industrial facility on the parcel.

Treeline acquired the property from Hart Consumer Products, Inc. in an off-market transaction and represented themselves in the transaction. Choate Construction Company has been named general contractor for the development, and Warren Snowdon of Foundry Commercial has been named exclusive leasing agent for the property, targeting both manufacturing and warehouse/distribution tenants.

Victory Crossing is located just 40 minutes from the Charlotte and the Greenville-Spartanburg areas along the I-85 corridor, providing connections to a number of interstate routes such as I-95, I-77, and I-26.

The acquisition marks Treeline’s third investment in the Southeast industrial market, following their acquisition of a two-building portfolio at 3700 and 3720 US Highway 421 North last year from Burgess Corp. and an 80-acre industrial site in Wilmington, NC this summer for the development of a Class A industrial park.

In total, Treeline has invested more than $60 million in the acquisition, modernization, and new development of more than 800,000 square feet of modern manufacturing, warehouse, and distribution space in the past 18 months.