Rock Hill, South Carolina, December 19, 2025
Atlanta Property Group (APG) has acquired 885 Paragon Way in Rock Hill, SC, a 300,080-square-foot Class-A distribution facility. This significant investment marks APG’s third foray into the Charlotte MSA, emphasizing the area’s potential for economic growth. The facility features modern amenities and is strategically located for logistics operations at Riverwalk Business Park, signaling a positive trajectory for the local economy amid ongoing investment trends.
Atlanta Property Group Expands Industrial Reach in Rock Hill, SC
Major acquisition signals growth potential for the local economy
Rock Hill, South Carolina
Atlanta Property Group (APG), a significant player in the real estate investment sector, has recently made headlines with the acquisition of 885 Paragon Way in Rock Hill, South Carolina. This newly acquired asset, a 300,080-square-foot Class-A distribution facility, adds to APG’s expanding industrial portfolio and highlights the strategic importance of this location within the Charlotte Metropolitan Statistical Area (MSA). As local entrepreneurs and business owners strive to flourish amidst challenging economic landscapes, investments like this suggest a positive trajectory for Rock Hill’s economy.
This facility, located in the well-planned Riverwalk Business Park, offers unparalleled access to I-77 through the recently completed Palmetto Parkway Interchange, making it a pivotal hub for logistics and distribution. Notably, this is APG’s third industrial investment in the Charlotte market, reflecting the firm’s focus on high-growth logistics centers in the Southeast—a region flourishing thanks to efforts towards business-friendly policies and reduced regulations.
Strategic Location and Facility Features
885 Paragon Way is more than just another industrial site; it boasts several features that cater to modern businesses. Built in 2014, the facility includes 32-foot clear heights, 33 dock-high doors, fully conditioned warehouse space, and substantial electrical capacity with 4,000 amps of power. It also has a spacious 180-foot truck court, ideally designed for logistics and distribution operations. The fact that the building is presently vacant and ready for occupancy is a significant advantage, positioning it to attract immediate tenant interest.
Investment Trends and Economic Implications
Since re-entering the industrial market in 2021, APG has actively pursued expansion with 17 buildings acquired across the Atlanta, Charlotte, and Nashville MSAs. The firm’s plan to invest $150 million of committed equity into properties by 2026 illustrates a robust confidence in the industrial sector’s potential for growth. This trend is welcome news for Rock Hill residents and business owners, signaling sustained interest and investment in the local economy.
Smith Haverty, a partner at APG, has noted the critical role of the Rock Hill submarket’s transportation access and labor pool, underscoring why this area is poised for economic enhancement. When investors prioritize locations like Rock Hill, it reflects not only confidence in current economic conditions but also the region’s potential for future growth.
Supporting Local Business and Economic Growth
The continuous support of local businesses and investments plays an instrumental role in ensuring economic vitality. With accessible infrastructure, highly qualified labor, and a proactive stance on attracting industry, Rock Hill is in a prime position to benefit from such investments. As these developments unfold, local entrepreneurs are encouraged to remain active in the community, leveraging new opportunities and resources to stimulate growth.
A Bright Outlook for Rock Hill’s Future
The acquisition of 885 Paragon Way by APG highlights not only a significant investment in industrial real estate but also sets the stage for the potential revitalization and growth of the Rock Hill economy. As new businesses emerge and existing ones expand, residents can look forward to enhanced job opportunities and increased economic activity.
Engagement from community members in supporting local businesses, while advocating for business-friendly practices, can create an environment where entrepreneurship thrives. As Rock Hill continues to evolve, staying informed and involved will be essential in fostering an entrepreneurial spirit that aligns with investment growth.
Frequently Asked Questions (FAQ)
What is the significance of APG’s acquisition of 885 Paragon Way?
The acquisition of 885 Paragon Way is significant as it marks APG’s third industrial investment in the Charlotte Metropolitan Statistical Area (MSA), highlighting the firm’s strategic focus on high-growth logistics hubs in the Southeast.
What are the key features of the 885 Paragon Way facility?
The 885 Paragon Way facility is a 300,080-square-foot, Class-A distribution center built in 2014. It features 32-foot clear heights, 33 dock-high doors, fully conditioned warehouse space, 4,000 amps of power, and a 180-foot truck court. The building is currently vacant and available for occupancy.
How does this acquisition fit into APG’s broader investment strategy?
This acquisition aligns with APG’s strategy of acquiring functional, well-located assets in high-growth Sun Belt markets. Since re-entering the industrial market in 2021, APG has acquired 17 buildings across the Atlanta, Charlotte, and Nashville MSAs and plans to invest $150 million of committed equity into existing distribution properties in the Atlanta, Charlotte, Greenville, Savannah, Nashville, Raleigh, and Central Florida markets by the end of 2026.
Key Features of 885 Paragon Way Acquisition
| Feature | Details |
|---|---|
| Location | Rock Hill, South Carolina, within the Charlotte MSA |
| Property Type | Class-A distribution facility |
| Size | 300,080 square feet |
| Year Built | 2014 |
| Key Features | 32-foot clear heights, 33 dock-high doors, fully conditioned warehouse space, 4,000 amps of power, 180-foot truck court |
| Current Status | Vacant and available for occupancy |
| Strategic Importance | Third industrial investment in the Charlotte MSA, reinforcing APG’s focus on high-growth logistics hubs in the Southeast |
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Author: STAFF HERE ROCK HILL
The ROCK HILL STAFF WRITER represents the experienced team at HERERockHill.com, your go-to source for actionable local news and information in Rock Hill, York County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Come-See-Me Festival, Rock Hill Arts Festival, and motorsport events at the Rock Hill Velodrome. Our coverage extends to key organizations like the Rock Hill Chamber of Commerce and the Culture & Heritage Museums, plus leading businesses in manufacturing and technology that power the local economy such as 3D Systems and Comporium. As part of the broader HERE network, including HEREAiken.com, HEREBeaufort.com, HEREChapin.com, HERECharleston.com, HEREClinton.com, HEREColumbia.com, HEREGeorgetown.com, HEREGreenwood.com, HEREGreenville.com, HEREHiltonHead.com, HEREIrmo.com, HEREMyrtleBeach.com, HERENewberry.com, HERERockHill.com, and HERESpartanburg.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
