Project Description

1228 Isley Drive in Gastonia, NC was originally constructed as a textile manufacturing plant in 1969. After nine years of manufacturing including winding, bleaching, and dying the textile operation shut down. In 1978, it was purchased by a tool manufacturing company. The tool manufacturer had various processes related to chrome plating of hand tools including ovens, stamping, and on-site wastewater treatment within the basement of the facility. In 2005, the tool manufacturer sold the building to an investor. In 2013, the tool manufacturer’s lease expired and they shut down operations and moved out.

In 2016,  Forsite purchased the delinquent debt on the property via an auction.  After a lengthy two-year process to foreclose on the debt Forsite became the owner. Upon taking title to the property Forsite applied for and became eligible for a North Carolina Brownfield Agreement.   Forsite performed testing onsite as required by NCDEQ to ensure health and safety for its future use.  In 2020, the Brownfield Agreement was completed and Forsite began an extensive redevelopment of the building.  Today the property is fully leased to three different companies with a combined reinvestment exceeding $10mm.

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