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171 International Park Driv...

Global Manufacturer Signs Long-Term Lease For 477360 Square Feet At 171 International Park Drive
LEASEDIndustrial

Global Manufacturer Signs Long-Term Lease For 477360 Square Feet At 171 International Park Drive

Building Size

477,360 SF

Asset Type

Industrial

Closing

Sep 30, 2025

AI

A global manufacturer has signed a long-term lease for 477,360 square feet at 171 International Park Drive in Spartanburg, SC. The property is located within Crossroads Logistics Park, the largest building in the area, and falls under the industrial asset type, emphasizing its significant size and strategic location in the market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 171 International Park Drive
  • Market: Spartanburg, SC
  • Asset Size: 477,360 square feet
  • Landlord: Brennan Investment Group
  • Tenant's Representative: Perry Major, Chuck Rosien & Joan McCarthy - JLL
  • Landlord's Representative: NAI Commercial

This transaction highlights the involvement of major players in the commercial real estate sector in the Greenville-Spartanburg area. JLL represented the tenant, ensuring their interests were aligned during the lease negotiation, while NAI Commercial acted on behalf of the landlord, Brennan Investment Group, securing a significant deal that reflects the industrial demand in the region.

Players

Chuck Rosien

JLL

Broker

$144.9M

vol

3 deals

Broker
NAI Capital Commercial
NAI Capital CommercialBrokerage
Brennan Investment Group
Brennan Investment GroupLandlord

Market Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93