Company’s first acquisition in the state

Columbia, S.C. (February 26, 2025) – Denholtz, a leading privately held investment management firm, has acquired 20/21 Business Center, a three-building, 98,386-square-foot multi-tenant flex industrial portfolio located at 100-400Northeast Drive and 6904 North Main Street in Columbia, S.C.

20/21 Business Center features three single-story flex industrial buildings along with 6.62 acres of developable land. Ideally positioned at the intersection of Interstates 20 and 21, the property provides excellent local and regional connectivity. Located less than 10 miles from Columbia, South Carolina’s second-largest city with 172,000 residents, the site benefits from Columbia’s central location, which places all of South Carolina within a two-hour drive and offers easy access to major hubs like Atlanta, Charleston, Savannah, Charlotte, and Greenville.

“20/21 Business Center is a high-performing, institutional-grade asset strategically positioned to benefit from South Carolina’s ongoing growth and lack of inventory for flex industrial” said Mark Mahasky, Director of Acquisitions and Capital Markets at Denholtz. “We are eager to implement our strategic investment management and maximize the asset’s potential in the months ahead.”

Columbia, the state capital of South Carolina, is a dynamic, growing hub for college students, young professionals, families, and retirees. South Carolina’s low tax rate, deep talent pool and low cost of living make it one of the most business-friendly states in the Southeast. Several companies have recently announced substantial investments in the state highlighted by Cibra Solutions’ planned $300M flagship lithium-ion electric vehicle battery recycling facility and Scout Motors Volkswagen’s $2B EV manufacturing facility currently under construction 10 miles from 20/21 Business Center.

Paul Paschal, Director of Acquisitions for the Mid-Atlantic and Southeast at Denholtz added, “South Carolina’s favorable demographics, strong population growth, and ideal location between New York City and Miami align perfectly with our long-term strategy of targeting high-growth markets with strong economic fundamentals. We are thrilled to enter this market and look forward to expanding our presence in the Southeast.”

The acquisition of 20/21 Business Center is Denholtz’s first in South Carolina and highlights the continued growth of its Southeast industrial portfolio. Located 80 miles away in Charlotte, N.C., Denholtz acquired the 53,811-square-foot industrial property at 9201 Forsyth Park Drive in 2022. That same year, the firm made its first acquisition in Georgia with the purchase of the 358,884-square-foot Coleman Industrial Portfolio in Savannah. In 2021, Denholtz also added the 218,570-square-foot Interstate Commerce Center in Greensboro, N.C., located just ten miles from the Coleman Industrial Portfolio.

JLL’s Jon Mikula, Michael Klein, Alexis Kaiser represented Denholtz and Matt Smith of CBRE represented the private seller in the transaction.

About Denholtz

Denholtz is a leading privately held investment management firm bringing a highly innovative approach with institutional execution to commercial real estate. Backed by decades of experience, we leverage a dynamic vertically integrated platform to create value for our investors.

Founded in 1953, we manage over $2B in high-performing assets across industrial, residential, retail, office, and mixed-use strategies. With a portfolio of over seven million square feet, we operate throughout the north and southeastern US with a staff of over 100 employees. To learn more about Denholtz, visit www.denholtz.com.

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