Denholtz acquires Greenville flex industrial park

A privately held investment management firm has acquired an Upstate industrial park.

Denholtz has acquired a 103,897-square-foot multi-tenant flex industrial park located at One Marcus Drive in Greenville.

One Marcus Drive is a four-building, single-story flex industrial portfolio with 16-foot, 7-inch clear ceiling heights, a full wet sprinkler system, 21 dock doors, seven drive-ins and over 350 on-site surface parking spaces, according to a news release. 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, the release stated.

Denholtz’s acquisition of One Marcus Drive marks its second in South Carolina in 2025 and more than doubles its footprint across the state, the release stated. In February, the firm purchased 20/21 Business Center, a three-building, 98,386-square-foot multi-tenant flex industrial portfolio located at 100-400 Northeast Drive and 6904 N. 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 square feet over the past four years, according to the release. In 2022, the firm entered the Georgia market with the purchase of the 358,884-square-foot Coleman Industrial Portfolio located in Savannah. That same year, Denholtz added a 53,811-square-foot property at 9201 Forsyth Park Drive in Charlotte, and in 2021, Denholtz acquired the 218,570-square-foot Interstate Commerce Park in Greensboro, N.C.

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.

“Our recent acquisitions in Greenville, Columbia, Charlotte and Greensboro exemplify our long-term strategy of targeting high-growth markets with strong economic fundamentals,” said Paul Paschal, director of acquisitions for the Mid-Atlantic and Southeast at Denholtz. “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.”