Manova Picks Up 1M-SF Spartanburg Logistics Facility
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed industrial deal value tracked in September 2026: $5.3B across 43 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
Manova Partners acquired Spartanburg 221, a 1,020,195-square-foot Class A+ logistics facility at 2536 Chesnee Highway in Spartanburg, S.C. The facility, completed in 2024, is 100% leased on a long-term, NNN basis to a…
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