The Davis Companies and Intersect Development Group Launch 462,000-SF Industrial Joint Venture in Gastonia, North Carolina

The Davis Companies has formed a joint venture with Intersect Development Group to develop a 462,000-square-foot Class A distribution facility in Gastonia, North Carolina, the firms announced Sept. 1, 2026. The project marks The Davis Companies' entry into the Charlotte industrial market and is expected to deliver in January 2027.

The development is located at 2550 Jenkins Dairy Road in Gastonia, a site that spans approximately 67 acres just west of Charlotte along Interstate 85. The highway is a major freight corridor connecting metropolitan areas from Atlanta to Richmond, and the site sits roughly 20 minutes from Charlotte Douglas International Airport.

Project Specifications and Site Design

The facility is designed as a cross-dock distribution building with 40-foot clear height, 100 dock doors, 215 trailer parking spaces, and 328 auto parking spaces. The building will also feature an ESFR sprinkler system and a fully circulating loop road with a secured truck court. The site plan supports either a single-user or multi-tenant configuration and is divisible to approximately 164,000 square feet, giving prospective tenants flexibility in how they occupy the space.

Leasing materials list the rentable area at 463,203 square feet, a figure that reflects a slight variance from the 462,000-square-foot figure cited in the joint venture announcement, likely the result of updated measurement methodology. The building is designed to accommodate modern logistics and manufacturing users.

Davis Enters Charlotte Industrial Market

"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 The Davis Companies. "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 Davis Companies, headquartered in Boston, is a vertically integrated real estate investment, development, and management firm. The firm has invested in $13.9 billion in gross asset value and currently owns a portfolio of approximately 10.8 million square feet spanning healthcare and life science, industrial, retail, office, and hospitality properties, along with more than 4,890 residential units across the United States. The Gastonia project represents the firm's first industrial development in the Charlotte region as it continues to expand its industrial platform in markets where transportation infrastructure, population growth, and tenant demand support long-term investment.

Intersect Development Group Brings Regional Expertise

"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 Development Group. "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."

Intersect Development Group, founded in 2019, focuses on institutional-grade industrial real estate development across the Southeastern United States. The firm operates as part of the Intersect Group of Companies, which includes Intersect Construction Group and Intersect Concrete Group, giving the organization vertical integration across the development and construction process. Leasing materials for the Gastonia project were circulating under Intersect's name ahead of The Davis Companies' formal entry into the deal.

Market Context and Outlook

The Gastonia facility is positioned to address what The Davis Companies describes as a rising need for bulk warehouse space in the Charlotte region, driven by climbing demand from manufacturing and distribution users. The building's specifications — 40-foot clear height, 100 dock doors, and a trailer-heavy site design — align with the current requirements of larger logistics users seeking operational efficiency in modern distribution environments.

The Charlotte-West and Gastonia submarket's proximity to Interstate 85 and Charlotte Douglas International Airport supports tenants with regional and international logistics requirements. The Davis Companies said it continues to evaluate industrial opportunities nationally, with a focus on markets and property types positioned to serve evolving manufacturing, logistics, and distribution needs.

The project is expected to reach completion in January 2027.

Sources: The Davis Companies