Jones Lang LaSalle Inc.
10/12/2026 | Press release | Distributed by Public on 10/12/2026 09:47
McCraney Property Company and AEW secure $60.1M in construction financing for Firetower 77
Key Takeaways
• JLL Capital Markets has secured $60.07 million in construction financing on behalf of McCraney Property Company and AEW Capital Management, L.P. for the development of Firetower 77, a Class A logistics center in Rock Hill, South Carolina.
• The planned 1,002,205-square-foot industrial facility will feature state-of-the-art specifications, including a 40-foot clear height, cross-dock configuration and extensive parking to accommodate modern logistics operations.
• Situated within the high-growth Charlotte metropolitan area, the development is poised to meet the strong demand for large-format industrial space backed by excellent regional connectivity.
MIAMI, Oct. 12, 2026 - JLL Capital Markets announced today, in partnership with McCraney Property Company and AEW Capital Management, L.P. that it has arranged $60.07 million in construction financing for Firetower 77, a 1,002,205-square-foot, Class A industrial logistics center in Rock Hill, North Carolina, within the Charlotte metropolitan area.
The financing, structured by JLL on behalf of McCraney Property Company and AEW Capital Management, L.P., includes a loan through a global bank.
Situated on a 96-acre site on Firetower Road in Rock Hill, the development will consist of a modern cross-dock facility with clear heights of 40 feet. The building features 200-foot truck courts, 52-by-50-foot column spacing with 60-foot speed bays and ESFR sprinklers. Additionally, the development will provide 608 auto parking spots and 392 trailer parking spaces, catering to high-volume logistics and distribution requirements.
The property benefits from exceptional regional connectivity, located directly along the Interstate 77 corridor with immediate highway access. This strategic position allows tenants Charlotte Douglas International Airport and Norfolk Southern's intermodal facility within a 30-minute drive and major east coast ports within a 120-minute drive. The location enables logistics providers to access more than 21 million residents within a four-hour drive, placing 60% of the U.S. market within 24 hours.
The Charlotte metropolitan area remains a top destination for institutional industrial users, supported by rapid population growth and a diverse workforce. Located in York County, the project is situated near established institutional neighbors and corporate headquarters, attracting blue-chip operators in the e-commerce, manufacturing, third-party logistics and retail distribution sectors. This robust employment base and limited development pipeline for mega-box facilities position Firetower 77 to capture active regional tenant demand.
The project is expected to deliver Q4 2027.
The JLL Capital Markets team was led by Senior Managing Director Melissa Rose and Senior Director Michael DiCosimo, along with Director Kate Rathman, Associate Nicole Diaz and Analyst Magnus Kron.
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About McCraney Property Company
McCraney Property Company (MPC) is a leading private real estate investment firm focused on the acquisition, development and management of industrial properties in the Southeast. MPC was recently named one of National Real Estate Investor's Top 50 National Industrial Owners and Developers. Founded in 1989, they are one of the most active developers of high-finish industrial real estate in the Southeast with over 25 million SF developed, acquired, under construction, or in the development pipeline.
About AEW
For 45 years, AEW Capital Management, L.P. ("AEW") has provided real estate investment management services to investors worldwide. As one of the world's largest real estate investment advisors¹, AEW and its affiliates manage $83.7 billion in private real estate equity, debt and listed securities across North America, Europe and Asia, as of June 30, 2026. Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk-return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities.
For more information, visit www.aew.com.
¹Source: "2026 IREI.Q Real Estate Managers Guide". The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2025. As of June 30, 2026. AEW includes (i) AEW Capital Management, L.P. and its subsidiaries and (ii) affiliated company AEW Europe and its subsidiaries. AEW Europe and AEW Capital Management, L.P. are commonly owned by Natixis Investment Managers and operate independently from each other. Total AEW AUM of $83.7 billion includes $39.7 billion in assets managed by AEW Europe and its affiliates, $2.8 billion in regulatory assets under management of AEW Capital Management, L.P., and $41.2 billion in assets for which AEW Capital Management, L.P. and its affiliates provide (i) investment management services to a fund or other vehicle that is not primarily investing in securities (e.g., real estate), (ii) non-discretionary investment advisory services (e.g., model portfolios) or (iii) fund management services that do not include providing investment advice. These figures are subject to minor variations due to rounding. Exact figures are available upon request.
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