As South Carolina continues to be a hub for industrial growth, three sales were among the biggest in the nation in 2024.
A $68.6 million deal in Rock Hill landed at No. 9 on the Society of Industrial and Office Realtors’ Top 50 Transactions based on the sale price. A $50 million transaction in Summerville followed at No. 19, and a $25 million deal in Lugoff took the No. 47 spot.
In the tricounty, Harbor Commercial represented the buyer in its $50 million purchase of the 753,222-square foot former Fruit of the Loom warehouse and distribution center in Summerville. The property off Interstate 26 in Berkeley County is at 1116 Business Park Road.
According to county records, the buyer was a partnership between LRC Properties and GEM Realty Capital. The sale to their GVII-LRC FOL Owner LLC joint venture was finalized Aug. 14.
The Summerville industrial building once employed more than 100 workers handling sportswear and undergarments for a household name owned by Warren Buffett’s investment conglomerate. The new owners intend to make some modifications to the building before leasing the space to a range of tenants, including manufacturers and distributore.
In Lugoff, Colliers confirmed the $25 million sale of three buildings: 235 Standard Warehouse Road and two more at 218 Evans Road to Weston Ink. The Cleveland, Ohio, based company is a privately held industrial property owner with more than 28 million square feet of property across the United States.
Avison Young, which represented the $68.6 million Rock Hill transaction, declined to comment on details of the sale.
So far in the first quarter of 2025, South Carolina has seen healthy levels of industrial activity with Greenville-Spartanburg continuing to lead the state with several significant manufacturing and data deals.
At the top is Eaton’s lease of 861,000 square feet in Union to manufacture three-phase transformers, Colliers reported. Activity started to taper into March, according to the the commercial real estate firm, and the growing trade policy uncertainty has caused manufacturers and warehousing users to pause and reevaluate plans.
