Diamond Properties Expands Industrial Portfolio with Acquisition of Conover Distribution Center
Diamond Properties, a prominent real estate investment, development, and management company, has announced the acquisition of the Conover Distribution Center, a strategically located industrial facility in Conover, North Carolina. The acquisition reinforces the company’s commitment to expanding its presence in high-growth industrial markets while securing assets that offer stable occupancy, long-term income potential, and opportunities for future value creation.
The newly acquired property consists of a 113,568-square-foot industrial facility situated at 2050 and 2160 Evergreen Drive NE. Located within the broader Charlotte metropolitan area, the distribution center is fully occupied by Dalco Nonwovens, a leading manufacturer of specialty nonwoven fabrics. The company serves a diverse range of industries, including automotive, industrial products, geotextiles, home furnishings, and acoustical applications, making the facility a critical component of its manufacturing and distribution operations.
The acquisition aligns with Diamond Properties’ strategy of targeting high-quality industrial assets in markets benefiting from strong economic growth, increasing population trends, and expanding logistics networks. The Charlotte region has emerged as one of the fastest-growing economic hubs in the southeastern United States, attracting businesses across manufacturing, distribution, e-commerce, and logistics sectors.
The Conover Distribution Center occupies nearly 50 acres of land, providing not only a substantial operational footprint but also the flexibility for future expansion. The site’s size and configuration make it particularly attractive in a market where industrial land availability is becoming increasingly limited. This additional development potential offers opportunities to accommodate future growth while enhancing the long-term value of the property.
One of the key advantages of the facility is its strategic location within North Carolina’s transportation network. The property enjoys direct access to Interstate 40, a major east-west transportation corridor that connects businesses throughout the southeastern United States and beyond. In addition, the site is conveniently connected to several other important highways, including Interstate 77, U.S. Route 321, and Interstate 85. These transportation links provide efficient access to major population centers, manufacturing hubs, ports, and distribution networks throughout the region.
Such connectivity has become increasingly important as companies seek to optimize supply chains, improve delivery times, and strengthen operational efficiency. Industrial facilities positioned near major transportation routes continue to attract strong tenant demand, particularly among manufacturers and logistics operators that depend on reliable infrastructure to support their businesses.
According to Diamond Properties, the Conover Distribution Center exemplifies the type of investment opportunity the company actively pursues. The asset combines a strong tenant profile, a strategic location, modern industrial functionality, and future growth potential within one of the country’s most dynamic industrial markets.
Jim Diamond, Chief Executive Officer of Diamond Properties, emphasized the significance of the acquisition and highlighted the factors that made the property particularly attractive to the company’s investment strategy.
He noted that the facility represents a high-quality industrial asset located in a market experiencing sustained economic and population growth. The presence of a strong operating tenant, combined with the property’s operational capabilities and expansion opportunities, provides a solid foundation for long-term value creation.
The Charlotte metropolitan region continues to attract significant investment from businesses seeking access to a skilled workforce, favorable business conditions, and extensive transportation infrastructure. Over the past decade, the region has experienced substantial population growth, fueling demand for industrial, commercial, and residential development. As a result, industrial real estate in the area has remained highly sought after by investors and occupiers alike.
Dalco Nonwovens’ long-term occupancy further enhances the investment’s appeal. As the sole tenant of the facility, the company utilizes the entire building as a mission-critical manufacturing and distribution hub. The property supports the production and distribution of specialty nonwoven materials used across a variety of end markets, making it an essential component of Dalco’s operational network.
The facility itself includes a combination of warehouse and office space designed to support industrial manufacturing and logistics activities. Its layout and infrastructure enable efficient operations while providing flexibility to meet evolving business needs. The building’s functionality, coupled with the availability of additional land, positions it well to support future operational growth and evolving tenant requirements.
Diamond Properties has built a reputation for acquiring and managing a diverse portfolio of commercial real estate assets across the United States. The company’s investment strategy focuses on identifying properties with strong fundamentals, stable cash flows, and opportunities for long-term appreciation. Industrial real estate has become an increasingly important component of that strategy as demand for logistics and manufacturing facilities continues to grow.
The acquisition of the Conover Distribution Center reflects broader trends within the industrial real estate sector. Continued expansion of manufacturing activity, supply chain modernization efforts, and growth in distribution requirements have driven increased demand for well-located industrial properties. Investors are increasingly seeking assets in strategic markets that offer strong transportation infrastructure, economic growth, and reliable tenant demand.
With this latest acquisition, Diamond Properties further strengthens its industrial portfolio while expanding its footprint in one of the Southeast’s most attractive logistics and manufacturing markets. The company believes the combination of location, tenant quality, operational functionality, and future expansion potential makes the Conover Distribution Center a valuable addition to its growing portfolio.
As industrial real estate continues to play a critical role in supporting economic activity and supply chain operations, assets such as the Conover Distribution Center are expected to remain highly desirable. Through this acquisition, Diamond Properties is positioning itself to benefit from the continued growth of the Charlotte region while creating long-term value for its stakeholders and strengthening its presence in the industrial sector.
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