2025 Year in Review: Steven King, Quonset Development Corporation

Looking back at 2025, what deal, project, or key moment best reflected the direction of the New England CRE market this year? 2025 was a powerful reminder that American manufacturing is alive and well at the Quonset Business Park. Construction began this year to support or expand manufacturing by three individual Quonset tenants. These projects alone are adding over 600,000 s/f and 450 new jobs to our business park. We also celebrated the Business Park’s 15,000^th job at a manufacturing company that has been growing and expanding capacity at Quonset for 20 years. Businesses are sending a clear message – they need a partner who moves as fast as they do. At Quonset, we’re always ready to meet the moment.

What accomplishment or milestone stood out for you or your firm in 2025? This summer, we opened the first new pier at Quonset since the U.S. Navy built the last one nearly 70 years ago. Our new Terminal 5 Pier increases the capacity of the Port of Davisville and accommodates a variety of cargo ships. The adjacent Blue Economy Support Docks provide small and growing businesses with in-demand access to Narragansett Bay, supporting maritime and undersea product testing and R&D. We look forward to lots of new activity at the port and seeing these new facilities in use throughout 2026!