Denholtz acquires 103,897 s/f multi-tenant flex industrial park in Greenville, South Carolina

Firm’s second South Carolina acquisition in 2025

Greenville, SC — Denholtz, a privately held investment management firm, has acquired a 103,897 s/f multi-tenant flex industrial park located at One Marcus Dr. in Greenville.

One Marcus Drive is a four-building, single-story flex industrial portfolio with 16’7’’ clear ceiling heights, a full wet sprinkler system, 21 dock doors, seven drive-ins, and over 350 on-site surface parking spaces. The property, nearly fully leased to a diverse tenant mix, boasts strong local and regional accessibility via Interstates 85 and 385 and is located less than 10 miles from downtown Greenville.

Denholtz’s acquisition of One Marcus Drive marks its second in South Carolina in 2025 and more than doubles its footprint across the state. In February, the firm purchased 20/21 Business Center, a three-building, 98,386 s/f multi-tenant flex industrial portfolio located at 100-400 Northeast Dr. and 6904 North Main St. in Columbia.

“South Carolina’s sustained population and economic growth, combined with its business-friendly environment, continue to position it as one of the nation’s most attractive industrial markets,” said Mark Mahasky, senior vice president and Head of Acquisitions at Denholtz. “We are proud to expand our Southeastern portfolio with a second acquisition in the state and look forward to leveraging our vertically integrated platform to realize the full potential of One Marcus Drive.”

Beyond South Carolina, Denholtz has expanded its Southeast industrial portfolio by more than 833,000 ss/f over the past four years. In 2022, the firm entered the Georgia market with the purchase of the 358,884 s/f Coleman Industrial Portfolio located in Savannah. That same year, Denholtz added a 53,811 s/f property at 9201 Forsyth Park Drive in Charlotte, North Carolina and in 2021, Denholtz acquired the 218,570 s/f Interstate Commerce Park in Greensboro, North Carolina.

Paul Paschal, director of acquisitions for the Mid-Atlantic and Southeast at Denholtz, said, “Our recent acquisitions in Greenville, Columbia, Charlotte and Greensboro exemplify our long-term strategy of targeting high-growth markets with strong economic fundamentals. We are confident these acquisitions will continue to serve as the springboard for our growth across the Mid-Atlantic and Southeast, positioning us to capitalize on new opportunities and deliver value for our investors.”

Rhett Craig, Blaine Hart, Matt Smith, Charles Gouch, Shelby Dodson, Patrick Gildea, and Robert Hardaway of CBRE represented Denholtz in the transaction with RealOp Investments.