The new-to-market buyer is slated to conduct renovations to meet the growing demand for small bay space

Rock Hill, SC – Avison Young, a global real estate advisory firm, has brokered the sale of a 120,000-square-foot industrial building located at 2690 Commerce Drive in Rock Hill, South Carolina for $11.5 million. The buyer, Dallas-based Leon Industrial, will be completing substantial improvements to the property to attract smaller tenants and meet the growing demand for flexible, high-quality industrial space in the region.

Avison Young’s Chris Loyd; Tom Tropeano, SIOR; and Ryan Kendall represented the seller, Graham Capital, in the transaction and will handle leasing of the property for the buyer.

“The sale of 2690 Commerce Drive highlights continued interest from national companies like Leon Industrial seeking to acquire value-add industrial opportunities in the Southeast’s booming industrial market,” said Loyd. “2690 Commerce will benefit from strong demand for small bay space that’s easily accessible via a major highway like I-77.”

“We’re excited about the acquisition of 2690 Commerce Drive,” said Bryan Blythe, Leon Industrial’s Southeast Market Officer. “Tenant demand in Rock Hill has remained strong, and we hope to capitalize on that momentum.” Over the past four years, Leon Industrial has completed 30+ industrial real estate investments primarily in Texas and Arizona and has opened an office in Charlotte to expand the company’s footprint into the Southeast.

Situated near I-77 with immediate interstate access via three modern exit ramps, 2690 Commerce Drive offers an ideal setting for a wide range of industrial uses, particularly those requiring smaller spaces. According to Avison Young’s Q4 2024 Charlotte industrial market report, over 60% of tenants in the market are seeking space less than 150,000 square feet, with 38.5% requiring less than 75,000 square feet. Industrial buildings under 100,000 square feet boast the lowest vacancy rate at 4% as of the end of 2024.

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