A four-building flex and office park just off Interstate 85 in Greenville has changed hands for $16.4 million, with the new Charlotte-based owner already lining up renovations for the property's empty suites. Trinity Partners announced the sale of Pelham at Hyland on Tuesday, November 3, 2026, marking a fresh chapter for the 120,000-square-foot complex at 7001 and 7005 Pelham Road.
The deal, as reported by Upstate Business Journal, hands the small bay/flex industrial and office park over to Insite Properties, a Charlotte-based real estate investment firm looking to grow its footprint in Greenville. Pelham at Hyland comprises four buildings and sits just off the interstate, offering small-bay flex space to businesses in the Upstate.
Insite isn't new to the local market. The firm already owns Main @ Broad, a 65,000-square-foot office building in downtown Greenville, and the Pelham at Hyland purchase builds on that existing presence in the city, according to the same report.
Renovations Planned for Vacant Suites
Insite's plans go beyond simply collecting rent checks. The company intends to complete capital improvements at the property, including upgrades to its vacant suites, the Upstate Business Journal report states. The vacant suites are part of the planned capital improvements.
The scope of that work is broader than cosmetic touch-ups. Per REBusinessOnline, the planned improvements include parking lot and landscaping upgrades, new signage and branding, additional dock and roll-up doors, and the addition of spec suites. That same outlet notes Insite will handle property management duties at the complex going forward, while Trinity Partners will oversee leasing for Pelham at Hyland, per its own announcement.
The Team Behind the Transaction
Trinity Partners' Edward Wilson, Grayson Burgess and Anthony Porchetta represented the buyer in the transaction, the firm said.
A Market Still Chasing Industrial Space
The sale lands amid a broader industrial market that's been running hot across the Upstate. Greenville-Spartanburg posted 1.3 million square feet of net absorption in the first quarter of 2026, according to a Colliers market report. Demand has been especially fierce in the bulk industrial segment, where the research firm says availability remains minimal and new construction isn't keeping pace.
New speculative construction, Colliers notes, has largely clustered around 100,000- to 250,000-square-foot rear-load buildings and smaller 25,000- to 50,000-square-foot single-tenant projects. The firm also reports that tenants have been trading up from Class B and C space into Class A buildings, working through much of the backlog left over from the 2023-2025 construction boom. Colliers expects rent growth to become more consistent later in 2026 as available space grows scarcer.
