This article was originally published by Charlotte Business Journal on August 14, 2017.
Justin Holofchak and Joey Morganthall with MPV Properties represented the seller in this transaction.
Amazon is planning an $85 million, 1 million-square-foot distribution center that will employ 600 in Kannapolis.
Kannapolis City Council approved a $562,275 incentive grant on Monday evening for the structure, which will be developed by an Atlanta company off N.C. Highway 73 and Kannapolis Parkway. Cabarrus County is expected to grant a similar amount when it next meets.
TPA of Atlanta first proposed the distribution center for the 117-acre site in December. Initially, the proposal met resistance from those who feared that the runoff from the huge structure and parking area would pollute a nearby creek.
Those concerns seem to have abated with the announcement of the incentives from Kannapolis City Council.
“The city is pleased to provide incentives that will result in over 600 jobs for people in Kannapolis and throughout the region,” says Kannapolis Mayor Darrell Hinnant.
Kannapolis City Manager Mike Legg says incentives were vital to bring Amazon.com Inc. (NASDAQ: AMZN) to Kannapolis.
“This economic development tool allowed us to succeed in this highly competitive environment and bring this firm to Kannapolis,” Legg says.
The distribution center is expected to open in 2019.
By Ken Elkins
See full article here: https://www.bizjournals.com/charlotte/news/2017/08/14/amazon-to-bring-600-jobs-to-a-new-distribution.html