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 includes three Class-A warehouses totaling over 800,000 square feet. The transaction was managed by JLL, with representatives noting the increasing attractiveness of the Greenville area for advanced manufacturing and logistics due to its connectivity and skilled workforce. The leasing activity has surged in the region’s industrial sector, further indicating strong economic potential for the area.
Duncan, SC – A global manufacturer has signed a long-term lease for 477,360 square feet at 171 International Park Drive in Duncan, SC. This leasing agreement marks the completion of full occupancy at Crossroads Logistics Park, which consists of three Class-A warehouses totaling over 800,000 square feet.
The leasing transaction was facilitated by the real estate firm JLL, although the tenant’s identity remains undisclosed, being referred to as a “leading global manufacturer.” JLL Managing Directors Perry Major and Chuck Rosien, along with Vice President Joan McCarthy, represented the tenant, while NAI Commercial represented the property owner, Brennan Investment Group.
Perry Major noted that the Greenville area is increasingly becoming a hub for advanced manufacturing and logistics. The region is attractive to such businesses due to its strong connectivity to major markets across the Southeastern United States and access to a skilled workforce.
In the past year, the leasing activity within the industrial sector has reached record levels, indicating a robust and often accelerating demand for such spaces. Current leasing volumes are surpassing move-outs by over 50%, suggesting a positive absorption trend in the Duncan area and reflecting continued confidence in the region’s logistics and manufacturing landscape.
The newly leased building at Crossroads Logistics Park was completed in 2023 and offers several modern features including a cross-dock configuration, 36-foot clear heights, ESFR sprinklers, advanced LED lighting, and extensive parking facilities. Additionally, it includes more than 2,500 square feet of modern office space, catering to the needs of a growing workforce.
Crossroads Logistics Park is strategically located at the convergence of Interstate 85 and Interstate 26, providing direct access to U.S. Highway 29. This prime location enhances connectivity to major cities such as Atlanta, Charlotte, and Charleston, as well as significant logistics hubs like Inland Port Greer and Greenville-Spartanburg International Airport.
The Greenville-Spartanburg industrial market is recognized as one of the most active in the Southeast. Over the last 12 months, more than 11 million square feet of leasing has been recorded, reflecting a 45% increase compared to the previous year. This trend highlights the strong demand for industrial leasing space, with further growth anticipated in the near future.
As the demand for warehouse and distribution centers continues to surge, this new lease at Crossroads Logistics Park underscores the broader trends in the industrial real estate market in the Upstate region of South Carolina. The continued growth of advanced manufacturing capabilities and logistics operations in Duncan is an encouraging indicator for economic development and job creation in the area.
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Additional Resources
- The Herald
- Wikipedia: Logistics
- GoUpstate
- Google Search: industrial real estate South Carolina
- South Carolina Commerce
- Encyclopedia Britannica: Warehouse
- WMBF News
- Google News: Duncan SC logistics
Author: STAFF HERE SPARTANBURG
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