CANTON, GA—Once a thriving textile center, Georgia has lost many of its textile mills and jobs to offshore manufacturing, consolidation and automation. Now some old-economy relics are being swept up by new-economy needs. In the latest activity, Canton Textile Mills sold 629 acres to the Cherokee County Development Authority for a high-tech research park. The $6.5-million price equates to $10,334 per acre or 24 cents per sf.

The acreage is located at the northern edge of this north Georgia town, in a fast-developing area of Cherokee County. The county backed the sale to the development authority with $6.5 million in bonds. Technology Park Atlanta, which has a track record of successful high-tech park development in Atlanta, will develop the park. Still in the planning stages, the park is expected to bring 15,000 jobs to the county over the next 20 years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.