Spartanburg Business News
BUSINESS NEWS
William Brothers Appointed Chief Academic Officer at SCC
News Summary Spartanburg Community College (SCC) has appointed Dr. William Brothers as its new chief academic officer. With over 15 years in higher education, Dr. Brothers aims to enhance academic...
Rural King Opens in Spartanburg, South Carolina
News Summary Rural King, a family-owned retailer focused on rural lifestyle, is set to open its first store in Spartanburg, South Carolina, from October 17 to October 19. The grand...
Spartanburg County Housing Market Shifts Towards Buyers
News Summary Spartanburg County is witnessing a significant shift in its housing market as it transitions from a seller’s market to a buyer-friendly environment. With nearly 1,800 active listings available,...
University of South Carolina Upstate Unveils New Library Addition
News Summary The University of South Carolina Upstate has celebrated the grand opening of The Learning Commons, a 26,000 square foot library expansion designed to enhance student services and support...
The Beerded Cork Taproom Opens in Spartanburg
News Summary The Beerded Cork Taproom is set to unveil its doors to Spartanburg residents, introducing a new hub for craft beer and community engagement. Featuring 30 taps, cozy interiors,...
Blue Moon Specialty Foods Closes Church Street Location
News Summary The Blue Moon Specialty Foods in downtown Spartanburg has closed its doors as a new government complex comes to Church Street. While the closure marks the end of...
Global Manufacturer Signs Long-Term Lease in Duncan, SC
News Summary A leading global manufacturer has secured a 477,360 square foot lease at Crossroads Logistics Park in Duncan, SC. The agreement completes the full occupancy of the park, which...
Crossroads Logistics Park in Spartanburg Achieves Full Occupancy
News Summary Crossroads Logistics Park in Spartanburg County has reached full occupancy thanks to a long-term lease signed by a major manufacturer. This reflects the growing industrial real estate market...
Reinvintage Warehouse Expands to Drayton Mills Marketplace
News Summary Reinvintage Warehouse has opened a new location at Drayton Mills Marketplace, moving from its original Union Street store. The expansion aims to boost foot traffic and enhance the...
Finance
RealOp Secures $25.68 Million Acquisition Loan in Spartanburg
News Summary CBRE has facilitated a $25.68 million acquisition loan for RealOp to purchase the Cubes at Inland Woods industrial facility in Spartanburg, South Carolina. This strategic investment aims to...
Greenidge Generation Deal in Spartanburg Terminated
News Summary Greenidge Generation Holdings Inc. has announced the termination of a crucial property sale deal in Spartanburg. The agreement with Data Journey LLC for two parcels totaling 152 acres...
Spartanburg Housing Market Sees Mortgage Rate Decline
News Summary Spartanburg, South Carolina, is witnessing a notable shift in its housing market as average mortgage rates fall to 6.57%, the lowest in 10 months. This decline offers potential...
Cannon’s Campground Road Closure Disrupts Spartanburg Businesses
News Summary The closure of Cannon’s Campground Road for bridge repairs has severely impacted local businesses in Spartanburg, causing a reported 70% drop in patronage for some establishments. The South...
BridgeGaps Real Estate Acquires Lively Drayton Mills Complex
News Summary BridgeGaps Real Estate, a New Jersey-based private equity firm, has acquired the Lively Drayton Mills apartment complex in Spartanburg, SC, for $53 million. The 297-unit property, which boasts...
VITAL Federal Credit Union Merges with Founders Federal Credit Union
News Summary The members of VITAL Federal Credit Union have approved a merger with Founders Federal Credit Union, leading to a change in branding and services. The VITAL branch in...
Spartanburg County Council Approves $2.8 Billion Investment
News Summary Spartanburg County Council has passed the first reading for an ordinance that could lead to a $2.8 billion investment in a high-tech data processing center, named Project Moc-1....
Truliant Federal Credit Union Opens New Branch in Boiling Springs
News Summary Truliant Federal Credit Union has opened its new branch in Boiling Springs, South Carolina, the first in Spartanburg County. The 3,206 square feet facility offers modern banking services,...
Power Up Spartanburg Launches Access to Space Program
News Summary Power Up Spartanburg has introduced the Access to Space program aimed at supporting local small businesses. With initiatives including rental assistance, funding options, and mentorship, this program seeks...
CONSTRUCTION
Spartanburg County Housing Market Shifts Towards Buyers
News Summary Spartanburg County is witnessing a significant shift in its housing market as it transitions from a seller’s market to a buyer-friendly environment. With nearly 1,800 active listings available,...
University of South Carolina Upstate Unveils New Library Addition
News Summary The University of South Carolina Upstate has celebrated the grand opening of The Learning Commons, a 26,000 square foot library expansion designed to enhance student services and support...
Blue Moon Specialty Foods Closes Church Street Location
News Summary The Blue Moon Specialty Foods in downtown Spartanburg has closed its doors as a new government complex comes to Church Street. While the closure marks the end of...
ZF Chassis Systems Duncan Invests $55.4 Million in Spartanburg
News Summary ZF Chassis Systems Duncan has revealed a $55.4 million investment to expand its operations in Spartanburg County, which will create 30 new jobs. The new facility, covering 477,360...
ZF Chassis Systems Duncan Expands Operations in Spartanburg
News Summary ZF Chassis Systems Duncan is investing $55.4 million to expand its operations in Spartanburg County, constructing a new 477,360-square-foot facility that will create 30 jobs in the area....
New $2.76 Billion Data Center to Build in Spartanburg County
News Summary Spartanburg County is set to welcome a new data center with a staggering $2.76 billion investment by Northmark Strategies. Projected to start operations in 2026, it will be...
Concerns Raised Over Valara Data Center’s Pollution Impact
News Summary The South Carolina Department of Environmental Services has revised the permit for the Valara Data Center in Spartanburg County amidst pollution concerns from activists. While the $2.8 billion...
Spartanburg County to Launch New $25 Million Pet Resource Center
News Summary Spartanburg County is preparing to open a new Pet Resource Center in early 2026, featuring innovative animal welfare solutions. With a budget of $24.6 to $25 million, the...
Woodward, Inc. to Establish Manufacturing Plant in Spartanburg County
News Summary Woodward, Inc. is set to invest nearly $200 million in a new manufacturing facility in Spartanburg County, creating approximately 275 jobs. The 300,000 square foot facility will focus...
Real Estate
Spartanburg County Housing Market Shifts Towards Buyers
News Summary Spartanburg County is witnessing a significant shift in its housing market as it transitions from a seller’s market to a buyer-friendly environment. With nearly 1,800 active listings available,...
Global Manufacturer Signs Long-Term Lease in Duncan, SC
News Summary A leading global manufacturer has secured a 477,360 square foot lease at Crossroads Logistics Park in Duncan, SC. The agreement completes the full occupancy of the park, which...
Crossroads Logistics Park in Spartanburg Achieves Full Occupancy
News Summary Crossroads Logistics Park in Spartanburg County has reached full occupancy thanks to a long-term lease signed by a major manufacturer. This reflects the growing industrial real estate market...
RealOp Secures $25.68 Million Acquisition Loan in Spartanburg
News Summary CBRE has facilitated a $25.68 million acquisition loan for RealOp to purchase the Cubes at Inland Woods industrial facility in Spartanburg, South Carolina. This strategic investment aims to...
OTO Development Expands Into Texas with Hyatt House Acquisition
News Summary OTO Development has entered the Texas market by acquiring the Hyatt House Dallas/Uptown. The four-story extended stay hotel features 141 guest rooms in the Harwood District, which boasts...
Spartanburg’s Beaumont Mill Set for $70 Million Apartment Complex
News Summary Spartanburg will see a $70 million apartment complex at the historic Beaumont Mill site, featuring 275 residential units. Taft Family Ventures plans to begin construction in early 2026....
Spartanburg Approves $70 Million Apartment Complex
News Summary The Spartanburg City Council has approved a $70 million apartment complex on the former Beaumont Mill site. The development aims to provide 275 residential units, including affordable housing...
Greenidge Generation Deal in Spartanburg Terminated
News Summary Greenidge Generation Holdings Inc. has announced the termination of a crucial property sale deal in Spartanburg. The agreement with Data Journey LLC for two parcels totaling 152 acres...
Lyman’s Former Pacific Mills Site Set for Redevelopment
News Summary The former Pacific Mills site in Lyman is slated for redevelopment by 2027 after feasibility studies were conducted. The town, owning the 32-acre property, is collaborating with Clemson...