Novant Health has purchased the former TD Bank corporate campus along Interstate 85 in Greenville for $44.8 million, according to a first-quarter office market report released this week by Colliers South Carolina. The deal — structured as a sale-leaseback, with TD Bank retaining occupancy in a portion of the campus — marks one of the largest commercial real estate transactions in the Greenville-Spartanburg market this year and signals continued investment by the North Carolina-based health system as it builds out its Upstate South Carolina footprint.
The campus at 200 Carolina Point Parkway spans approximately 295,000 square feet across 17 acres. TD Bank US is leasing back one of the buildings as part of the transaction. Novant Health broke ground last August on a new medical campus in Greenville, which will include a medical office building, ambulatory surgery center, and a 20-bed hospital expected to open in 2027. The Carolina Point acquisition provides additional administrative and operational space to support that growth.
The Colliers Q1 2026 report that disclosed the transaction also highlighted tightening conditions in the Greenville-Spartanburg office market. Downtown Greenville Class A space is now commanding rents of $50 per square foot, strong enough to support pre-leasing for 101 East Court — what would be the first new multi-tenant office building in the Greenville central business district since the Camperdown project completed in 2021. Suburban markets in both Greenville and Spartanburg counties continue to carry an abundance of large available spaces as corporate tenants right-size their footprints, creating competitive pricing for Spartanburg businesses looking to upgrade or expand office operations.
Q: What did Novant Health buy and how much did it pay?
A: Novant Health purchased the former TD Bank corporate campus at 200 Carolina Point Parkway in Greenville for $44.8 million. The 17-acre property includes approximately 295,000 square feet of office space, with TD Bank leasing back a portion under the deal.
Q: Why does this matter to Spartanburg County?
A: Novant Health is actively expanding across the Upstate South Carolina market, and a larger operational base in Greenville accelerates its ability to serve patients throughout the region, including Spartanburg County. Healthcare sector growth is one of the most consistent drivers of office and commercial real estate demand in the Greenville-Spartanburg corridor.
Q: What else did the Colliers Q1 2026 report say about the Greenville-Spartanburg market?
A: Downtown Greenville Class A office rents have reached $50 per square foot, strong enough to support new construction — the first multi-tenant office project planned for the Greenville CBD since 2021. Suburban markets in both counties still carry significant large-space availability, creating favorable conditions for tenants.
Q: What is Novant Health building in the Upstate?
A: Novant Health broke ground in August 2025 on a new $132 million medical campus on Patewood Drive in Greenville that will include a medical office building, ambulatory surgery center, and a 20-bed hospital scheduled to open in 2027.
Q: What does “sale-leaseback” mean in this deal?
A: In a sale-leaseback, the original owner sells the property and immediately leases back a portion for its own operations. TD Bank sold the campus to Novant Health for $44.8 million and continues to occupy part of the building as a tenant, giving Novant control of the asset while the bank retains operational continuity.
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