Land for privately-owned industrial park being cleared

May 2nd, 2018

Gaffney Ledger

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Even though the construction of a building on a privately-owned industrial park is months, and possibly even years away — local development officials are already submitting it as a site for potential industrial prospects.

“We are excited to have a privately-developed industrial park in Cherokee County,” Cherokee County Development Board Executive Director Jim Cook said. “We think has great potential. We are already submitting it for projects.”

Tamarack Investments is developing the project on a 337-acre site near Bommer Industries and Whelchel Road.

A section of the proposed park known as “Pod A” is being cleared of trees and grading will soon begin, according to local industrial developer Bobby Lyons, president of Lyons Industrial Properties.

Plans call for two 80,000 square-foot buildings and a 112,500 square-foot building to be built on “Pod A,” Lyons said.

The size of the buildings and layouts could change based on demand.

Several months ago, Cherokee County Council gave the project a boost with passage of a tax incentive package.

The land now qualifies for the agricultural use exemption, which typically means the land is taxed between $1 and $1.50 an acre compared to the 4 and 6 percent assessments for residential and commercial parcels.

The landowner wants a tax break on the land while it’s under development, Cook said.

Cook is also working with the Gaffney Board of Public Works to apply for a grant to bring sewer service to the property.

“It’s at a great location between two great interchanges,” Cook said. “If we can get sewer there, it will have great utilities.”

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Tamarack Investments is a privately-held real estate investment company based in Atlanta, GA. Tamarack seeks to acquire, develop and reposition various types of commercial real estate projects in the Southeastern United States that have the potential of delivering superior, risk-adjusted returns to investors.