Invesco Buys 814,320-Square-Foot Spartanburg Logistics Park at Full Occupancy

The three-building property leased its final suite during marketing and reached 100% stabilization, reflecting strength in the Greenville-Spartanburg industrial market.

By the Family Office Real Estate Daily Desk·Monday, August 31, 2026·1 min read

Editorial summary of reporting byJLL Our editorial standards →

The answer · checked against JLL

Who bought Crossroads Logistics Park in Spartanburg and what is the size and occupancy of the property?

Invesco Real Estate acquired Crossroads Logistics Park, a three-building, 814,320-square-foot Class A logistics park in Spartanburg, South Carolina from Brennan Investment Group and Grandview Partners. JLL Capital Markets arranged the sale. The property reached 100% occupancy during the marketing process, with an average remaining lease term exceeding five years across a diversified tenant roster.

Key facts

Invesco Real Estate acquired Crossroads Logistics Park, a 814,320-square-foot, three-building Class A logistics park in Spartanburg, South Carolina, according to JLL Capital Markets.
The seller was Brennan Investment Group and Grandview Partners, represented by JLL Capital Markets in the transaction.
Crossroads Logistics Park leased its final suite and reached 100% stabilization during the course of the marketing process, according to JLL.
The tenant roster at Crossroads Logistics Park includes a Tier I supplier to major automotive manufacturers, a global leader in electrical infrastructure and switchgear manufacturing, a major building supply manufacturer and distributor, logistics providers, and consumer products manufacturers, with an average remaining lease term exceeding five years.
Crossroads Logistics Park is located near the intersection of Interstate 85 and Interstate 26 and sits within a four-hour drive radius covering more than 18.7 million consumers, according to JLL.
Invesco Real Estate had $86.3 billion in real estate assets under management, 596 employees, and 21 regional offices across the U.S., Europe, and Asia Pacific as of December 31, 2025.

Invesco Buys 814,320-Square-Foot Spartanburg Logistics Park at Full Occupancy — Image: editorial illustration · Story sourced from JLL

Invesco Real Estate acquired Crossroads Logistics Park, an 814,320-square-foot Class A logistics property in Spartanburg, South Carolina, from Brennan Investment Group and Grandview Partners. JLL Capital Markets arranged the sale.

The three-building park sits near the intersection of Interstate 85 and Interstate 26 in South Carolina's Upstate logistics corridor. The property is located less than 10 miles from Greenville-Spartanburg International Airport and less than 90 miles from Charlotte Douglas International Airport, the sixth-busiest airport in the United States.

The park has immediate access to the South Carolina Inland Port and sits within a four-hour drive radius covering more than 18.7 million consumers. The property is also near the BMW Manufacturing campus, one of the largest automotive production facilities in North America.

During the marketing process, the property leased its final suite and reached 100% stabilization, JLL said. The occupancy milestone reflects continued strength in the Greenville-Spartanburg industrial market, which remains one of the most active logistics and manufacturing hubs in the Southeastern United States.

Tenants include a Tier I supplier to major automotive manufacturers, a global leader in electrical infrastructure and switchgear manufacturing, a major building supply manufacturer and distributor, logistics providers and consumer products manufacturers. The average remaining lease term exceeds five years.

The JLL Capital Markets team was led by Senior Director Dave Andrews, Senior Managing Director Pete Pittroff and Director Michael Scarnato, with analytical support from Associate Michael Lewis and Analyst Jack Barnes.

Brennan Investment Group, a Chicago-based private real estate investment firm, has acquired or developed $6.5 billion in industrial real estate in 30 states since 2010. The company's current portfolio spans 30 states and encompasses approximately 58 million square feet. Grandview Property Partners is a real estate investment manager wholly owned by Artisan Partners Asset Management.

The Deployment Angle

Family Office Real Estate Daily Desk · our analysis, not the source's

The Invesco acquisition offers a template for co-GP capital alongside established industrial sponsors in secondary Southeast markets. The deal demonstrates institutional appetite for fully-stabilized logistics assets in Tier II corridors with automotive and manufacturing exposure, but family offices considering similar allocations should weigh the compressed yield environment against lease rollover risk.

The five-year average remaining lease term provides income visibility, but the full stabilization during marketing suggests pricing that reflects peak occupancy rather than run-rate economics. A family office entering this market through a programmatic joint venture with a sponsor like Brennan or Grandview would want downside protection built into the partnership structure, not just participation in upside.

The Spartanburg location captures BMW-linked demand and the South Carolina Inland Port, but the property's value depends on tenant retention at current rents. Family offices underwriting similar assets should model lease expiration schedules and re-leasing spreads, particularly for the automotive supplier tenant, whose creditworthiness tracks to cyclical production volumes.

Direct ownership of a comparable asset would require a minimum $50 million equity commitment assuming 50% leverage on an institutional-quality park of this size. The LP route through an open-end core fund offers liquidity and diversification but surrenders control over re-tenanting decisions. The co-GP route with a sponsor who has local market knowledge provides alignment but requires deal-by-deal capital deployment discipline to avoid overpaying in a competitive bidding environment.

Questions this story answers

01Who bought and who sold Crossroads Logistics Park in Spartanburg?

Invesco Real Estate acquired Crossroads Logistics Park. The sellers were Brennan Investment Group and Grandview Partners. JLL Capital Markets represented the sellers in the transaction, with the JLL team led by Senior Director Dave Andrews, Senior Managing Director Pete Pittroff, SIOR, and Director Michael Scarnato.

02What is the occupancy and lease profile of Crossroads Logistics Park at the time of sale?

Crossroads Logistics Park reached 100% stabilization during the marketing process after leasing its final suite. The tenant roster is described as diversified and credit-worthy, and the average remaining lease term exceeds five years, according to JLL.

03What are the logistics and infrastructure advantages of the Spartanburg location?

Crossroads Logistics Park is located near the intersection of Interstate 85 and Interstate 26, less than 10 miles from Greenville-Spartanburg International Airport, less than 90 miles from Charlotte Douglas International Airport, and has immediate access to the South Carolina Inland Port and the nearby BMW Manufacturing campus, according to JLL.

04How large is Brennan Investment Group's industrial portfolio?

05How much real estate does Invesco Real Estate manage globally?

Invesco Real Estate had $86.3 billion in real estate assets under management as of December 31, 2025, with 596 employees and 21 regional offices across the U.S., Europe, and Asia Pacific, according to Invesco Real Estate.

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