Davidson Craven has begun work on the CenterPoint 85 Industrial Center. The project is located on I-85 at the intersection of U.S. Highway 64 in Lexington. At buildout, the site can accommodate over 3 million square feet of industrial space. The Triad Business Journal reports that in December, Davidson Craven purchased about 293 acres for the project for a total of $10.6 million.

Davidson Craven has started work on the project’s first building, an approximately 272,000-square-foot tilt-up property located on about 35 acres. CBRE is handling leasing for the project. The first building is slated to be completed in late 2025. The park is a long-term initiative to be completed over the next several years.

The development’s name, CenterPoint, refers to its central location on I-85 between Charlotte, Greensboro, Washington, D.C., and Atlanta.