Crow Holdings JV to Kick Off Industrial Project in the Southeast

December 11, 2025

The speculative development is scheduled for completion in 2027.

Buchanan Capital Partners has formed its first joint venture with Crow Holdings Development through the capitalization of Rock Creek Center, a 423,852-square-foot industrial development in Whitsett, N.C., within the Piedmont Triad market. Completion is scheduled for the first quarter of 2027.

Project partners include ARCO Murray as general contractor, while the North Carolina division of Crow Holdings Development’s industrial team will manage the complex. CBRE Executive Vice Presidents Dodson Schenck and Will Henderson will lead leasing efforts.

A Buchanan spokesperson told Commercial Property Executive that the project is speculative at this time, with no preleasing yet, and that site work is already underway.

The campus will consist of two 211,926-square-foot buildings, each featuring 32-foot clear height, 2,500 square feet of office space, 38 dock doors and two drive-in doors. The facilities will be subdividable to 50,000 square feet and will have 205-foot truck courts, as well as about 255 car parking spaces.

The project will rise at 6880 Konica Drive, along Interstate 85 and outside of Greensboro, N.C. Toyota’s $14 billion battery manufacturing campus and a recently announced $860 million Food Lion distribution center will also be close. In addition, the project is within a mixed-use park that includes tenants such as Amazon, FedEx, Duke Energy, Lenovo, Ralph Lauren and American Express.

Piedmont Triad’s strong industrial figures

The industrial sector in the Piedmont Triad metro had 1 million square feet under construction as of the third quarter of this year, according to a recent report from CBRE, which described market sentiment as “cautiously optimistic.” Additionally, the area has seen positive net absorption in 19 of the past 20 quarters. Regionwide, the overall vacancy clocked in at 8 percent in September, aligning with national industrial real estate trends that show demand holding firm even as vacancy is inching up.

Two projects got underway in the third quarter: a 300,000-square-foot speculative distribution center by Front Street Capital and a 200,000-square-foot build-to-suit by JMP Building and Business Services.