JLL expands industrial footprint in Greenville, South Carolina

GREENVILLE (Dec. 14, 2023) – JLL continues to grow its industrial presence as it expands its portfolio in Greenville, South Carolina. With over 30 years of combined market experience, Managing Director Perry Major and Senior Vice President Chad Stepp lead the firm's Greenville office with a distinct understanding of the region’s potential for expansion. As Greenville’s industrial sector continues to experience unprecedented growth, JLL has facilitated more than 3.4M square feet of transactions and 4.5M square feet of new leasing assignments year-to-date.

Greenville has emerged as a rising Southeast industrial hub. In Q3 2023, more than two million square feet of industrial space delivered, with over 14 million square feet currently under construction. The market’s strong fundamentals continue to benefit from a robust labor market, well-connected infrastructure and seamless access to the Port of Charleston and Port of Savannah. JLL was recently awarded the leasing assignments for several high-profile industrial developments in the market, including Mid85, an expansive industrial park spanning two million square feet that is currently under construction. Recent assignments also include Upstate Trade Center, a 266,777-square-foot speculative industrial building and Woodfield Commerce Center, a 320,122-square-foot Class-A building.

“With a significant amount of new logistics space in the pipeline and consistent rent growth, Greenville is one of the Southeast’s most competitive industrial markets,” said Major. “As the market continues to see explosive job and population growth, we expect to see even more users realize the competitive advantages that Greenville has to offer.”

In recent years, Greenville has seen steady growth in population which has contributed to economic growth and a growing pool of qualified workers. According to JLL, Greenville has become one of the leading East Coast industrial markets. Greenville boasts proximity to both I-85, the industrial backbone of the Southeast, and I-26, the main artery in South Carolina. In addition, Greenville’s industrial sector has substantial domestic and international reach through access to international airports, railways and ports.

“With JLL's platform fully up and running in Greenville, we have the market experience and capabilities to continue offering best-in-class service for large-scale, high-quality industrial projects in this booming market,” said Stepp.

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