Key Takeaways
- • Invesco Real Estate acquired Gateway One, a 252,720-square-foot Class A distribution center in Columbia, South Carolina, from Magnus Development Partners through a JLL Capital Markets transaction completed April 8, 2026.
- • The facility, delivered in 2023 as the first building in the master-planned 803 Industrial Park, is 100% leased to four tenants across diverse industries including advanced manufacturing, consumer products distribution, outdoor recreation, and specialty automotive solutions.
- • Gateway One features institutional-grade logistics specifications including 32-foot clear heights, ESFR sprinkler systems, energy-efficient LED lighting, and a versatile 260-foot-deep rear-load configuration on 14.32 acres.
- • The property's strategic location at the nexus of major Sunbelt distribution corridors provides immediate access to Interstate 26 and Interstate 77, and sits directly adjacent to Columbia Metropolitan Airport.
- • Significant institutional investor demand for the asset underscores strong leasing fundamentals and investor appetite for premium industrial real estate in the Southeast.
Summary
JLL Capital Markets announced the completion of Gateway One's sale to Invesco Real Estate on April 8, 2026, marking a significant institutional transaction in Columbia, South Carolina's industrial real estate market. JLL represented the seller, Magnus Development Partners, throughout the transaction process. The 252,720-square-foot Class A distribution facility, which opened in 2023 as the flagship asset within the 803 Industrial Park master-planned development, attracted multiple institutional bidders during the marketing process.
Gateway One's competitive positioning reflects modern industrial specifications and strategic market location. The tilt-up concrete structure incorporates 32-foot clear heights, ESFR sprinkler systems, and energy-efficient LED lighting with motion sensors throughout the asset. The facility's 260-foot-deep rear-load configuration provides versatility for tenant operations. Occupying 14.32 acres at 425 Distribution Drive, the property benefits from proximity to Columbia Metropolitan Airport and direct access to Interstate 26 and Interstate 77, positioning it at the convergence of critical Sunbelt distribution corridors.
The asset's leasing profile strengthens its institutional appeal. Gateway One maintains 100% occupancy across four tenants representing complementary but distinct industrial sectors: advanced manufacturing, consumer products distribution, outdoor recreation, and specialty automotive solutions. This tenant diversification mitigates single-industry concentration risk and reflects the region's industrial diversification.
JLL's investment sales team, led by Senior Managing Director Pete Pittroff, Senior Director Dave Andrews, Director Michael Scarnato, and Associate Michael Lewis, noted that significant institutional interest in the property during the sale process reflected both the asset quality and underlying Columbia market fundamentals. The successful transaction illustrates Invesco Real Estate's continued capital deployment in Sunbelt industrial real estate markets where logistics demand and supply-chain positioning remain structurally advantaged.
Gateway One's competitive positioning reflects modern industrial specifications and strategic market location. The tilt-up concrete structure incorporates 32-foot clear heights, ESFR sprinkler systems, and energy-efficient LED lighting with motion sensors throughout the asset. The facility's 260-foot-deep rear-load configuration provides versatility for tenant operations. Occupying 14.32 acres at 425 Distribution Drive, the property benefits from proximity to Columbia Metropolitan Airport and direct access to Interstate 26 and Interstate 77, positioning it at the convergence of critical Sunbelt distribution corridors.
The asset's leasing profile strengthens its institutional appeal. Gateway One maintains 100% occupancy across four tenants representing complementary but distinct industrial sectors: advanced manufacturing, consumer products distribution, outdoor recreation, and specialty automotive solutions. This tenant diversification mitigates single-industry concentration risk and reflects the region's industrial diversification.
JLL's investment sales team, led by Senior Managing Director Pete Pittroff, Senior Director Dave Andrews, Director Michael Scarnato, and Associate Michael Lewis, noted that significant institutional interest in the property during the sale process reflected both the asset quality and underlying Columbia market fundamentals. The successful transaction illustrates Invesco Real Estate's continued capital deployment in Sunbelt industrial real estate markets where logistics demand and supply-chain positioning remain structurally advantaged.
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