Invesco Pays $100M for Greenville-Area Industrial Asset

August 27, 2026

The fully occupied property sits along the Interstate 85 logistics corridor near Inland Port Greer.

Exterior image of Crossroads Logistics, a three-building campus in Spartanburg, S.C. — Crossroads Logistics Park includes three facilities with 32- and 36-foot clear heights. Image courtesy of JLL

Invesco Real Estate has acquired Crossroads Logistics Park, an 814,320-square-foot Class A campus in Spartanburg, S.C. The asset changed hands for $99.5 million, according to Spartanburg County public records.

A joint venture between Brennan Investment Group and Grandview Partners sold the three-building property.

JLL arranged the deal on behalf of the sellers.

The campus reached full occupancy during the marketing process following the lease-up of its final available suite. Its tenant roster includes Siemens and an automotive Tier I supplier, a building supply manufacturer and distributor, as well as logistics and consumer products companies. The average remaining lease term exceeds five years.

Crossroads Logistics Park is at 151 International Park Drive, within the Greenville-Spartanburg industrial market. Spanning 70 acres, the campus is close to Interstate 85, known as South Carolina’s Upstate logistics corridor, providing connections between Charlotte, N.C., and Atlanta and covering 10 counties.

The campus is within about 10 miles from Inland Port Greer, Greenville-Spartanburg International Airport and BMW’s Spartanburg manufacturing plant. Charlotte is roughly 80 miles northeast.

Crossroads Logistics Park comprises two 168,480-square-foot facilities and a 477,360-square-foot warehouse. The smaller buildings each feature 32-foot clear heights, 37 loading docks and two drive-in doors, while the larger property has 36-foot clear heights, 96 loading docks and four drive-in doors. Brennan Investment Group started construction in March 2022, with J.M. Cope Construction as general contractor.

JLL Capital Markets’ Senior Director Dave Andrews, Senior Managing Director Pete Pittroff, Director Michael Scarnato, Associate Michael Lewis and Analyst Jack Barnes led negotiations on behalf of the sellers.

Greenville-Spartanburg’s strong industrial fundamentals

Greenville-Spartanburg’s industrial market fundamentals strengthened during the second quarter of 2026, according to a report by CBRE. The metro’s vacancy rate declined 80 basis points from the previous quarter, reaching 5.3 percent, down from 7.4 percent in the second quarter of 2025.

Construction activity moderated following the metro’s post-pandemic boom. Approximately 2.1 million square feet were underway at the end of June, 12.3 percent lower quarter-over-quarter. Industrial deliveries totaled 798,000 square feet during the second quarter, representing a 63.7 percent decline from the first three months of 2026, the same source indicates.

Investment activity followed the metro’s improving fundamentals. In January, EQT Real Estate picked up a 13-building logistics portfolio totaling more than 1.6 million square feet, with properties in Greenville-Spartanburg metro and six other U.S. markets. The same company expanded again in March through a $575 million portfolio transaction. The collection comprised 4.4 million square feet across 25 assets, including a 500,000-square-foot property in Greenville, S.C.

More recently, Brennan Investment Group acquired a 157,412-square-foot building within a 73-acre campus from VanTrust Real Estate.