Penzance Acquires Industrial Property At 1203 Galleria Boulevard From Crescent Communities For $32.2M

Penzance acquired a 220,281 square foot industrial property located at 1203 Galleria Boulevard, Rock Hill, NC, for $32,200,000. The asset is fully leased to three tenants and is situated on a 30-acre parcel within Antrim Business Park.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $32,200,000
• Sale Date: 10/17/2025
• Market: Rock Hill, NC
• Price per Square Foot: $146
• Buyer: Penzance
• Seller: Crescent Communities
• Broker: Colliers

Crescent Communities was the seller in this transaction, with Penzance acting as the buyer. The property, sold in a deal brokered by Colliers, involves Building 200 at Axial Southgate 77, enhancing Penzance's footprint in the industrial sector of Rock Hill, SC.