Brennan Investment Group Expands Carolinas Footprint with Piedmont Industrial Acquisition — Brennan Investment Group

Event summary

Brennan Investment Group acquired a 157,412-square-foot Class A industrial property in Piedmont, SC for an undisclosed amount on July 23, 2026.
The property is located within Exchange Logistics Park and features modern specifications including 32-foot clear heights and a 135-foot truck court.
The building has two current tenants with 65,000 square feet of vacancy, presenting lease-up opportunities for Brennan's asset management strategy.
This acquisition expands Brennan's Carolinas portfolio and follows the firm's leasing of over 800,000 square feet in the Greenville-Spartanburg-Anderson market in the past 18 months.

The big picture

Brennan's acquisition underscores the continued strength of the Greenville-Spartanburg industrial market, driven by robust infrastructure and manufacturing growth. The firm's focus on strategic leasing opportunities aligns with broader trends of institutional capital targeting high-barrier industrial markets in the Southeast. With $6.5 billion in industrial real estate investments across 30 states since 2010, Brennan is positioning itself as a major player in regional logistics hubs.

What we're watching

Lease-Up Execution: How quickly Brennan fills the 65,000 square feet of vacant space and what premiums it can command for speculative office improvements.
Market Positioning: Whether this acquisition signals further consolidation in the Greenville-Spartanburg industrial market as demand for logistics space continues.
Value Creation: The pace at which Brennan can stabilize and enhance the property's value through its asset management initiatives.