OFFICIAL PRESS RELEASE:
Davis Expands Industrial Platform into Charlotte Market with 462,000-Square-Foot Gastonia Development
Joint Venture with Intersect Development Group Will Deliver Class A Distribution Facility Along I-85
September 1, 2026 – GASTONIA
Boston-based real estate investment, development, and management firm The Davis Companies (Davis) announced today that it is entering a new joint venture with partner Intersect Development Group (Intersect) on the development of a Class-A distribution building at 2550 Jenkins Dairy Road in Gastonia, North Carolina.
The development marks Davis’ entry into the Charlotte industrial market, as the firm continues to identify and realize value-add opportunities across the U.S. The Gastonia facility is well positioned to address Charlotte’s rising need for bulk warehouse space to meet climbing demand.
“The Gastonia development brings together a shovel-ready project, strong partner, and strategic location within a growing market,” said Kevin Wong, Vice President of Investments at Davis. “The development is designed to bring high-quality space for tenants to grow their businesses, and we are thrilled to partner with Intersect Development Group to help meet manufacturing and distribution demand in the Charlotte region.”
The Gastonia development will deliver a 462,000 square-foot, cross-dock distribution building to accommodate modern logistics and manufacturing users. The new facility will feature 40’ clear height, 100 dock doors, 215 trailer parking spaces, 328 auto parking spaces, and an ESFR sprinkler system. A fully circulating loop road and secured truck court give the site flexibility to support either a single-user or multi-tenant configuration.
“As we continue to grow in the Southeastern United States, we target projects like this one that identify needs and meet regional demand,” said Scott C. Brown, Founding Partner and CEO at Intersect. “We are thrilled to begin a new partnership with Davis and work together to bring this industrial site to life and support economic growth in the Charlotte region.”
Conveniently located just west of Charlotte along Interstate 85, a major transportation corridor connecting metropolitan areas from Atlanta to Richmond, and located just 20 minutes from Charlotte Douglas International Airport, the Gastonia facility offers strong international connectivity while supporting potential tenant operations and workforce access. The expected completion date is January 2027.
Davis continues to expand its industrial platform in markets where transportation infrastructure, population growth and tenant demand support long-term investment. The Gastonia development reflects that approach, adding a strategically located, shovel-ready project in the Charlotte region while further extending Davis’ industrial presence in the Southeast. The firm continues to evaluate industrial opportunities nationally, with a focus on markets and property types positioned to serve evolving manufacturing, logistics and distribution needs.
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About Davis
Davis is a vertically integrated real estate investment, development and management firm that leverages five decades of experience, the strength of its leadership team and employees and a diversified portfolio to deliver maximum value for its investors and tenants. Headquartered in Boston and investing across the United States, Davis prides itself on taking a nimble, collaborative approach to delivering best-in-class results from complex opportunities. Since inception, Davis has invested in $13.9 billion in gross asset value through real estate equity, debt and fixed-income securities, Davis today owns a real estate portfolio of approximately 10.8 million square feet of healthcare and life science, industrial, retail, office and hospitality properties and more than 4,890 residential units across the United States. For further information, visit www.thedaviscompanies.com.
About Intersect Development Group
Intersect Development Group is a leading developer of institutional grade industrial real estate in the Southeastern United States. Founded in 2019, Intersect Development provides distribution and logistic solutions to companies and communities in a thoughtful and purposeful manner that meets the needs of all parties involved. With the ability to vertically integrate with Intersect Construction Group and Intersect Concrete Group, the Intersect Group of Companies provides owners and users the highest level of confidence and control throughout the entire process. Intersect Development is where People and Purpose Intersect with Form and Function.