ABOUT OUR COMPANY

Interstate Capital was born from a vision to do things differently in Industrial Real Estate—starting not with megacities, but with the forgotten corridors of the Midwest. Founded by Gregory R. Dilone Jr, our firm began as an evolution of Northeast Property Group, a small but determined development company focused on off-market industrial land in the Greater Kalamazoo Area.

Our early belief was simple but contrarian: Mid-Sized Industrial Cities held the future of American Logistics and Manufacturing. While most developers pursued crowded, high-cost urban markets, we went where others wouldn’t—into undervalued cities like Kalamazoo, and Battle Creek—Cities with Land, Infrastructure, and Great Leadership.

In 2019, that vision took form with the creation of Northeast Property Group. The company quickly gained momentum, forming key public-private partnerships and securing our first major success: a 240,000-square-foot facility leased to Zoetis, a Fortune 500 firm, under the Industrial Partners USA joint venture with Clark Logic and Great Lakes Capital. This milestone validated our thesis and proved that institutional-quality industrial assets could thrive in overlooked locations.

Over the next five years, Interstate Capital would entitle thousands of acres, deliver over 1.5 million square feet of industrial space, create a pipeline of over 15 million square feet, and secure more than $100 million in construction loans and $35 million in public Incentives. In 2024 we expanded our platform to include vertically integrated service companies—Land Entitlement Services, Land Construct Services, Land Deal Services, and Land Brokerage Services—giving us total control of the development lifecycle and the ability to deliver projects faster and more efficiently than traditional models allow.

Our early wins weren’t without challenges, but they proved that grit, precision, and a disciplined investment thesis could unlock value in places others had ignored. Today, we are recognized as a leading developer of industrial land across the Midwest, with a rapidly growing pipeline of shovel-ready sites, a robust investor network, and a deep commitment to the communities we serve.

From one entrepreneur’s vision to a multi-state platform, Interstate Capital has stayed true to its founding mission: deliver institutional outcomes in cities that deserve investment, and build the backbone of the Next American Economy—one site at a time.