Concord is getting a new industrial neighbor. McCraney Property Co. has closed on nearly 55 acres just off the Highway 73 interchange with I-85 to build a new industrial park dubbed Concord Gateway. The project will cater to light manufacturing, R&D and distribution tenants, and serves as another reminder that Greater Charlotte is still a hot draw for logistics and speculative industrial space.
Deal Confirmed
The company finalized the purchase of the roughly 55-acre site this week, according to CoStar. McCraney plans to market Concord Gateway to users that need short- to mid-sized industrial suites instead of single megawarehouses, a segment of the market that has stayed busy in the Charlotte region. The acquisition continues a run of recent McCraney deals across the metro.
Project Plans and Timeline
The industrial park is slated to roll out in two phases with roughly eight buildings and a total buildout near 400,000 square feet, as reported by ConnectCRE. Planned suites will range from about 10,000 to 64,000 square feet, giving tenants a mix of footprints instead of forcing them into one-size-fits-all space.
Phase one is expected to deliver the first batch of buildings as early as 2026, with the remaining structures coming later. The design is geared toward light manufacturing, R&D and creative industrial users that want flexibility baked into their leases.
Where It Sits and Incentives
The site lies just off the Highway 73 interchange with I-85 along the Davidson Highway corridor, offering quick access to Charlotte as well as the broader Concord-Kannapolis labor pool. The Concord City Council has reviewed a one-year, roughly $94,500 tax-based industrial spec grant tied to the project, according to Yadkin Watchman.
Commercial marketing materials for the property list a Davidson Highway address, per LoopNet, underscoring its pitch as an I-85 corridor logistics and production node.
Why This Matters
McCraney has become a familiar name in the Charlotte industrial scene, with previous land buys and warehouse projects that highlight its Southeast-focused strategy, according to McCraney Property Co.. The company leans on a playbook built around speculative projects paired with modest, targeted incentives to fill mid-sized industrial demand around the metro.
For local officials, Concord Gateway represents a compact but meaningful infusion of rentable industrial space and the possibility of additional middle-wage jobs. For companies eyeing the Charlotte region, it is one more option along a corridor that has quickly become a favorite for truck traffic and just-in-time deliveries.
Next Steps
With the land deal wrapped, McCraney now turns to site planning, permitting and utility work before any vertical construction can start. If entitlements and infrastructure stay on schedule, brokers say the first buildings could be ready as soon as 2026.
Next up: watching council agendas and public filings for firm construction timelines and the first tenant announcements.
