Rockefeller Group Sells 141,960 SF Distribution Center in Duncan, SC to STAG Industrial
Rockefeller Group has sold a 141,960-square-foot distribution center in Duncan, South Carolina to STAG Industrial, the firms announced July 29, 2026. The single-building warehouse and distribution facility is located in Spartanburg County, along the I-85 corridor between Greenville and Spartanburg — a key Southeast logistics spine connecting Atlanta, Charlotte, the Carolinas ports, and South Carolina's inland port network.
Property and Location Details
The asset spans 141,960 square feet and is classified as a warehouse and distribution facility. Duncan sits within the Greenville-Spartanburg industrial submarket, which has drawn sustained institutional interest due to its access to Interstate 85 for regional truck freight, proximity to BMW's manufacturing plant in Greer and its associated supplier base, and connectivity to Inland Port Greer, which links by rail to the Port of Charleston for intermodal logistics.
The submarket's combination of infrastructure, labor access, and lower occupancy costs relative to coastal gateway markets has made it a consistent target for institutional industrial investment. At 141,960 square feet, the facility is sized for regional distribution rather than large-scale national fulfillment operations. The sale price, cap rate, and additional property-level details including address, year built, and tenant information were not disclosed in the announcement.
STAG Industrial's Acquisition Strategy
STAG Industrial is a publicly traded real estate investment trust focused on single-tenant industrial properties. The Duncan acquisition is consistent with the company's approach of targeting industrial assets in secondary and tertiary markets with strong logistics fundamentals, where yields have historically exceeded those available in coastal gateway markets.
The transaction comes as total commercial real estate investment volume rose 29% year-over-year in the fourth quarter of 2025, reflecting a broader recovery in capital markets activity after a period of repricing. Industrial remains among the more stable commercial real estate sectors, supported by ongoing demand for warehouse and logistics space, even as national net absorption has moderated from pandemic-era highs. National industrial net absorption fell to approximately 79.7 million square feet — a decade low — as the market normalized following the post-pandemic surge.
Rockefeller Group's Disposition
For Rockefeller Group, the sale of the Duncan facility reflects a broader pattern among industrial developers of monetizing stabilized or recently delivered assets in the current cycle. Private commercial real estate values troughed in late 2024 and remained roughly flat through 2025, and a more active transaction environment in 2026 has provided developers an opportunity to recycle capital while institutional buyer demand has returned to support pricing on modern, well-located assets.
The Duncan disposition is consistent with a build-to-core strategy in which completed projects are sold to long-term holders, freeing capital for new development activity.
Market Context: I-85 Industrial Corridor
The Greenville-Spartanburg market along the I-85 corridor has been a consistent draw for modern distribution development, anchored by the region's manufacturing base, multimodal logistics infrastructure, and access to major Southeast population centers. The corridor's Inland Port Greer provides a direct rail link to the Port of Charleston, enhancing the intermodal appeal of assets in the submarket for tenants with import-export supply chains.
Industrial asking and effective rents in the broader market have remained steady even as rent growth has slowed from peak levels, and new construction starts have moderated nationally — conditions that support the relative value of existing, modern facilities in established logistics submarkets such as Duncan.