Developers Secured $60 Million for Rock Hill Project
McCraney Property Co. and AEW Capital Management received funding for a 1-million-square-foot industrial facility.
Updated on Oct. 14, 2026 in Commercial
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McCraney Property Co. and AEW Capital Management have secured a $60.1 million construction loan from Santander Bank for the Firetower 77 industrial development in Rock Hill. The project is currently underway on a 96-acre lot at 1798 Fire Tower Road.
Why it matters
The massive project adds significant industrial capacity to the region near Interstate 77. The facility is designed to support high-volume logistics operations as developers look to expand capacity in the Charlotte market.
Firetower 77 will feature 40-foot clear heights, 60-foot speed bays, 608 car parking spots, and 392 trailer parking spaces. The 1-million-square-foot facility is situated on a 96-acre plot in Rock Hill.
The players
McCraney Property Co.
This firm is a real estate developer focused on industrial and logistics properties throughout the Southeastern United States.
AEW Capital Management
This global real estate investment firm manages portfolios for institutional and private investors.
Santander Bank
This international financial institution provides commercial banking services and capital for large-scale real estate projects.
JLL
This professional services firm specializes in real estate and investment management services for commercial clients.
HGR Construction
This general contracting firm provides construction services for industrial, retail, and commercial developments.
The details
JLL arranged the financing on behalf of the partnership, while HGR Construction serves as the project's general contractor. The development aims to cater to the growing demand for large-scale industrial space within the York County area.
Timeline
January 2024: Industrial projects totaling 1.3 million square feet began online.
August 2026: Developers in the Charlotte area had 10.2 million square feet of industrial space under construction.
Q4 2027: Developers expect to deliver the completed Firetower 77 facility.
Culture Shift
This development contributes to the rapid industrial expansion currently observed across the Charlotte region. It reflects a broader shift toward massive logistics hubs designed to accommodate growing trans-continental supply chain demands.
The construction process will likely increase heavy vehicle traffic along the corridors near 1798 Fire Tower Road. Once finished, the facility will serve as a hub for logistics, potentially impacting local commercial shipping and warehousing capabilities.
The takeaway
Large-scale industrial projects like Firetower 77 signal continued regional demand for high-capacity warehouse space near major transport arteries. Investors and logistics planners should monitor the facility's completion date as a benchmark for local supply chain growth.
What happens next
Developers expect to complete construction and deliver the facility in the fourth quarter of 2027.
Further reading
For more information on large-scale property developments in the region, visit the Commercial section.
Source note: This article includes information reported by Commercial Property Executive.
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