JLL completes sale of Gateway One distribution center in South Carolina

CHARLOTTE, Apr. 8, 2026 – JLL Capital Markets announced today the sale of Gateway One at 803 Industrial Park, a 252,720-square-foot Class A distribution facility in Columbia, South Carolina.

JLL represented the seller, Magnus Development Partners, in the transaction. Invesco Real Estate acquired the asset.

Delivered in 2023 as the first building within the master-planned 803 Industrial Park, Gateway One features tilt-up concrete construction with a versatile 260-foot-deep rear-load configuration. The property is 100% leased to four tenants representing diverse industries including advanced manufacturing, consumer products distribution, outdoor recreation and specialty automotive solutions. The facility showcases modern logistics specifications including 32-foot clear heights, ESFR sprinkler systems and energy-efficient LED lighting with motion sensors throughout the asset.

Gateway One occupies 14.32 acres at 425 Distribution Drive and sits directly adjacent to Columbia Metropolitan Airport and benefits from immediate access to Interstate 26 and Interstate 77, positioning it at the nexus of major Sunbelt distribution corridors.

The JLL Investment Sales and Advisory team was led by Senior Managing Director Pete Pittroff, Senior Director Dave Andrews, Director Michael Scarnato and Associate Michael Lewis.

"The successful sale of Gateway One is a credit to the Magnus team for executing a best-in-class development in a strategic location in the Columbia, South Carolina, market," said Pittroff. "The JLL team witnessed significant institutional interest in this project, which is a testament to the quality of the asset and the underlying leasing fundamentals in Columbia. As the ultimate buyer, the Invesco team worked through this process in a timely and efficient manner."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Magnus Development Partners is a privately held, South Carolina-based real estate developer specializing in the development of Class ‘A’ spec industrial facilities, single-tenant build-to-suits, acquisitions, and advisory services throughout the Southeastern United States and beyond.

With more than 50 years of experience in commercial real estate, Magnus’s founding partners have developed properties for some of the nation’s most recognizable companies, including CED Greentech, Domino’s Pizza (Freezer/Refrigeration), Home Depot, Husqvarna, Scholastic Book Fairs, Starbucks, Tractor Supply, and many others. These projects represented hundreds of millions of dollars in investment and the creation of thousands of new jobs.

Invesco Real Estate is a global leader in the real estate investment management business with $84.2 billion in real estate assets under management, 605 employees and 21 regional offices across the U.S., Europe and Asia Pacific as of September 30, 2025. With over a 40-year history, Invesco Real Estate, part of Invesco Private Markets, invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd.