QDC

What QDC does

Quonset Development Corporation (QDC) is a real estate development and management company that operates Quonset Business Park, a 3,200-acre master-planned industrial and commercial park in North Kingstown, Rhode Island. Established around 2005 and celebrating its 20th anniversary in 2025, the park hosts 252 companies and supports more than 15,000 jobs across manufacturing, logistics, industrial services, and port-related operations. QDC appears to function as a quasi-governmental development corporation, evidenced by state legislative involvement in its recent decisions and its role as an economic development vehicle for Rhode Island.

QDC's core offerings are Quonset Business Park itself (industrial lots and facilities for lease) and the Port of Davisville, an integrated port facility recognized as a leading auto importer in North America. Its business model combines recurring industrial ground-lease revenue with transaction-based port operations revenue (vehicle import and logistics services). The company pursues enterprise tenants through direct B2B field sales, as exemplified by a $150 million lease approved in November 2024 with QSS Biosolids (a subsidiary of Green Development) to build a sludge pyrolysis plant on-site. QDC's competitive positioning rests on direct port access, established 20-year operational track record, and proximity to major transportation routes.

In March 2025, QDC agreed to pause execution of the QSS Biosolids lease following a town council resolution, community town hall backlash, and a councilor resignation — events that underscore the political and regulatory dimensions of operating a state-affiliated industrial park and introduce execution friction for large project approvals going forward.

Name

QDC

Legal name

Quonset Development Corporation

Website

https://quonset.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

QDC (Quonset Development Corporation) operates Quonset Business Park, a 3,200-acre master-planned industrial park in North Kingstown, Rhode Island, hosting 252 companies across manufacturing, logistics, and port operations. It leases industrial lots and manages the Port of Davisville, a leading North American auto import facility.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Development

NAICS

Land Subdivision (2372)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

Keywords

• Industrial real estate
• Commercial leasing
• Port operations
• Business park management
• Master-planned development

Headquarters

HQ city

North Kingstown

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Industrial Lease Revenue: QDC generates revenue by leasing industrial lots and facilities within Quonset Business Park to manufacturing, logistics, and commercial companies. A significant $150 million lease was approved for QSS Biosolids to build a sludge pyrolysis plant.
2. Port Operations Revenue: The Port of Davisville, a leading auto importer in North America, generates revenue through port operations, handling vehicle imports and logistics services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

QDC (Quonset Development Corporation) develops, leases, and manages Quonset Business Park, a 3,200-acre master-planned industrial and commercial park in North Kingstown, Rhode Island. The park offers industrial lots, built facilities, and infrastructure for lease to manufacturing, logistics, and commercial companies, and includes the Port of Davisville, a leading North American auto import facility handling vehicle imports and distribution.

Product overview

QDC (Quonset Development Corporation) operates Quonset Business Park, a 3,200-acre master-planned business and industrial park in North Kingstown, Rhode Island. The organization manages commercial real estate, infrastructure, and the Port of Davisville. This is an economic development organization, not a technology product company. The portfolio consists of Quonset Business Park (the core offering) and Port of Davisville (an integrated port facility that is a leading auto importer in North America).

Differentiator

Problem solved

Functional benefit

Products and services

• Quonset Business Park A 3,200-acre master-planned business and industrial park in North Kingstown, Rhode Island that leases industrial lots, build-to-suit facilities, and shared infrastructure to manufacturing, logistics, environmental services, and commercial companies.
• Port of Davisville A deepwater port facility that is part of Quonset Business Park and operates as a leading North American auto import terminal, providing vehicle import, handling, and distribution services.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• QSS Biosolids (subsidiary of Green Development)coreStrategic or Co-development Partner · 1 November 2024QSS Biosolids, a subsidiary of Green Development, entered into a $150 million lease agreement with QDC in November 2024 to build a sludge pyrolysis plant at Quonset Business Park. The project was awarded through a closed-door process that bypassed public input, sparking community controversy. QDC subsequently agreed to pause lease execution amid public backlash and state legislative scrutiny.

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• CenterPoint Properties: CenterPoint Properties is a leading owner, developer, and manager of industrial real estate concentrated around the Port of Los Angeles/Long Beach and major U.S. distribution hubs. It is directly comparable to QDC because both operate master-planned industrial parks with integrated port access as a core distribution advantage.
• First Industrial Realty Trust: First Industrial Realty Trust is an NYSE-listed REIT that owns, develops, and operates industrial properties across the U.S., with a focus on manufacturing and logistics. It is directly comparable to QDC in leasing industrial space to manufacturers and logistics companies on a recurring basis.
• EastGroup Properties: EastGroup Properties is an NYSE-listed industrial REIT focused on infill and Sun Belt distribution facilities serving last-mile and manufacturing tenants. It is comparable to QDC in developing and leasing industrial real estate in master-planned settings to a diversified tenant base.
• STAG Industrial: STAG Industrial is an NYSE-listed industrial REIT that owns and operates single-tenant and multi-tenant industrial properties across the U.S. It is comparable to QDC in providing flex and bulk industrial space to manufacturers and logistics users on long-term leases.
• Cabot Properties (now part of GIC/ELPF): Cabot Properties is a privately held industrial REIT and value-add developer focused on U.S. logistics real estate. It is comparable to QDC as an industrial-focused owner/developer operating multi-tenant industrial portfolios for logistics tenants.
• Terreno Realty Corporation: Terreno Realty is an NYSE-listed industrial REIT that owns and operates industrial real estate in six major coastal U.S. markets. It is comparable to QDC in owning industrial real estate in coastal markets with logistics-driven tenants and a focus on infill, last-mile distribution.

Broad incumbents

• Prologis: Prologis is the world's largest industrial REIT with over 1 billion square feet of logistics and distribution properties globally. It is comparable to QDC as the broad incumbent in industrial real estate, though QDC operates at much smaller scale within a single master-planned park with an integrated port rather than a global portfolio.
• Duke Realty (now part of Prologis): Duke Realty was one of the largest domestic-only industrial REITs in the U.S. (acquired by Prologis in 2022). It is comparable to QDC as a major broad-based industrial landlord specializing in bulk distribution and manufacturing facilities across regional U.S. markets.
• Liberty Property Trust (now part of Prologis): Liberty Property Trust was a U.S. industrial and office REIT (industrial portfolio acquired by Prologis in 2020). It is comparable to QDC in operating a portfolio of industrial distribution and light-manufacturing parks serving manufacturing and logistics tenants.

Others

• Howard Hughes Holdings: Howard Hughes Holdings is a master-planned community developer that owns and operates large-scale mixed-use developments across the U.S. It is thematically comparable to QDC as a long-horizon developer-operator of a master-planned asset, though its focus is residential/mixed-use rather than industrial.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/QuonsetRI
• Facebookfacebook.com/QuonsetRI
• LinkedInlinkedin.com/company/quonset-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about QDC