Truliant names Gray as Triad commercial market exec

Truliant Federal Credit Union said Tuesday it has named Robert Gray as Triad commercial market executive for its new operations in Greensboro.

The lending office is set to debut by the end of 2019 at 600 Green Valley Road in Friendly Shopping Center.

Gray will be responsible for managing all business-loan portfolios in the Triad.

The commercial lending team will focus on building business relationships and meeting credit needs in commercial and owner-occupied real estate, operating lines of credit, debt refinancing and restructuring, and SBA 7a/USDA government guarantee programs.

Gray most recently served as Greensboro market president at HomeTrust Bank of Asheville.

Richard Craver

Burlington plans Friday opening for 2nd local store

Burlington, a national off-price retailer, will open its second Winston-Salem store at 8:45 a.m. Friday in the former Toys “R” Us space in Silas Creek Crossing at 3200 Silas Creek Parkway.

The first 500 customers will receive a Burlington tote.

Burlington store departments feature daily shipments of women’s dresses, suits, sportswear, juniors, accessories, menswear, family footwear and children’s clothing.

Store hours will be 9 a.m. to 9:30 p.m. Mondays through Thursdays, and 9 a.m. to 10 p.m. Fridays through Sundays. The store has 65 employees.

Zaremba Group, owner of Silas Creek Crossing, acquired the 45,131-square-foot storefront at the Toys R Us auction in August 2018 following the closing of the toy-store chain in late July 2018.

Burlington also has Triad stores at 7770 North Point Blvd. in Winston-Salem and 3022 High Point Road in Greensboro.

Richard Craver

Thomasville property sells for $640,000 to Tenn. group

A vacant one-acre property on Liberty Drive in Thomasville has been sold for $640,000 to a Tennessee commercial real-estate company, according to a Davidson County Register of Deeds filing Friday.

The property is next to a Sheetz convenience store at 1810 Liberty Drive.

The buyer is Hutton Thomasville NC ST LLC, an affiliate of Hutton, based in Chattanooga, Tenn.

The sellers are Tamara and Steven Nooe, and Sarah Wilson, all of Archdale. The sale was completed Thursday.

Richard Craver

Toll Brothers closing Triangle offices

Toll Brothers Inc., a luxury residential construction company, said Friday it plans to close an office in Raleigh and Wake Forest, according to a WARN Act notice filed with the N.C. Commerce Department.

The closing of the Brier Creek Country Club office at 9400 Club Hill Drive in Raleigh affects 117 employees. The closing of the Hasentree Club office at 1200 Keith Road in Wake Forest affects 93 employees.

Toll said there appears to be a buyer of the operations, which was not named, but operations will likely continue at the site and the buyer may retain an undisclosed number of employees.

Media outlets have identified the buyer as ClubCorp of Dallas, which owns and operates Bermuda Run Country Club. Toll is based in Horsham, Pa.

Richard Craver

Transportation company plans Rocky Mount facility

FFE Transportation Services, a temperature-controlled carrier, said Tuesday it will create 96 new jobs in Rocky Mount as part of making a $4.7 million investment in a new service center.

The Rocky Mount location will serve the mid- and South Atlantic regions of the United States.

The average annual wage is projected at $51,356. By comparison, the annual wage in Nash County is $39,515. The company has been made eligible for up to $760,000 in performance-based incentives from the state’s Job Development Investment Grant program.

Richard Craver

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Correction: The brief about Toll Brothers has been updated to reflect that operations will likely continue at the site, and that some employees may be retained. 

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