Rock Hill, South Carolina, December 31, 2025
Leon Industrial, part of Leon Capital Group, has acquired a 120,000-square-foot industrial facility in Rock Hill, SC for $11.5 million. This marks their first entry into the Charlotte metropolitan area and is expected to boost the local economy. The prime location near Interstate 77 is set for significant renovations aimed at attracting tenants. This move aligns with the company’s growth strategy in the Southeastern United States as the Charlotte area continues to experience remarkable industrial growth.
Leon Industrial Expands into Rock Hill with $11.5 Million Acquisition
This strategic move marks a significant step for economic growth in the region.
Rock Hill, South Carolina – Leon Industrial, a subsidiary of Texas-based Leon Capital Group, has acquired a 120,000-square-foot industrial property in Rock Hill for $11.5 million. This marks the company’s first venture into the Charlotte metropolitan area, reflecting a strategic expansion into the Southeastern United States.
The newly acquired facility, located at 2690 Commerce Drive, is conveniently situated near Interstate 77, approximately 23 miles from Charlotte and 25 miles from Charlotte Douglas International Airport. With the property’s prime location, it’s poised to become a hub for businesses seeking accessible industrial space.
Investment and Improvement Plans
Leon Industrial is set to implement a substantial improvement and renovation program at this Class B facility. Planned upgrades include an enhanced exterior, improved lighting, and expanded parking facilities; all aimed at attracting tenants in need of small-bay space. The facility, which was built in 1974, boasts nearly 8 acres of land, one grade-level door, 10 dock-high doors, and two exit ramps, with a third currently under construction.
Alignment with Growth Strategy
This acquisition aligns perfectly with Leon Industrial’s strategy to expand its presence in the Southeastern United States, as the company has recently established an office in Charlotte and actively seeks additional investment opportunities in the region. This investment not only reinforces confidence in the area’s commercial potential but also contributes to the ongoing industrial growth in the Charlotte locale.
Charlotte’s Industrial Market Trends
The Charlotte area has seen remarkable industrial growth over the past few years. In 2024, the industrial sales volume reached $1.5 billion, with properties changing hands at an average price of $89 per square foot. Notably, the region’s vacancy rate stood at 7.4% as of January 2025, one of the lowest in the nation. Such statistics illustrate Charlotte’s burgeoning industrial landscape and its appeal to companies looking for strategic locations.
Impact on Local Economy
Leon Industrial’s entry into the Charlotte market through this acquisition is expected to significantly contribute to local economic growth. By revitalizing existing properties and providing more industrial space, Leon Industrial will support job creation and foster a business-friendly environment. The initiative showcases the importance of private investment in driving economic development, enhancing the local business ecosystem.
Conclusion
Leon Industrial’s acquisition of the Rock Hill facility is a promising step forward for the local economy. It reflects a confident push towards revitalizing industrial space, aligning with broader growth trends in the Charlotte metropolitan area. As Rock Hill continues to evolve as a business-friendly environment, community members and local entrepreneurs are encouraged to support these developments to bolster economic resilience and entrepreneurial innovation.
Frequently Asked Questions (FAQ)
What is the significance of Leon Industrial’s acquisition in Rock Hill?
Leon Industrial’s acquisition of the 120,000-square-foot industrial property in Rock Hill marks its first venture into the Charlotte metropolitan area, indicating the company’s expansion into the Southeastern United States.
What improvements are planned for the acquired facility?
The company plans to implement a substantial improvement and renovation program at the Class B facility, including an enhanced exterior, improved lighting, and expanded parking facilities to attract tenants in need of small-bay space.
How does this acquisition fit into Leon Industrial’s broader strategy?
This acquisition aligns with Leon Industrial’s strategy to expand its presence in the Southeastern United States, as the company has recently established an office in Charlotte and is actively seeking additional investment opportunities in the region.
What is the current state of the industrial market in the Charlotte area?
The Charlotte area has experienced significant industrial growth, with industrial sales volume reaching $1.5 billion in 2024 and a vacancy rate of 7.4% as of January 2025, one of the lowest in the nation.
How will this acquisition impact the local economy?
Leon Industrial’s entry into the Charlotte market is expected to contribute to the ongoing industrial development and revitalization efforts in the area, providing additional space for businesses and supporting the region’s economic growth.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Property Size | 120,000 square feet |
| Location | 2690 Commerce Drive, Rock Hill, South Carolina |
| Purchase Price | $11.5 million |
| Seller | Graham Capital |
| Proximity to Charlotte | Approximately 23 miles |
| Proximity to Charlotte Douglas International Airport | Approximately 25 miles |
| Planned Improvements | Enhanced exterior, improved lighting, expanded parking facilities |
| Facility Features | Nearly 8 acres of land, one grade-level door, 10 dock-high doors, two exit ramps (with a third under construction) |
| Company Strategy | Expansion into the Southeastern United States, with a new office established in Charlotte |
| Charlotte Industrial Market | Industrial sales volume of $1.5 billion in 2024, vacancy rate of 7.4% as of January 2025 |
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Author: STAFF HERE ROCK HILL
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