Lowe’s selects Charlotte for $153 million tech center

Lowe’s Cos. Inc. said Thursday it will build a new $153 million technology center in Charlotte that would have 1,612 employees.

The center is aimed at accelerating the company’s technology transformation. Lowe’s announced in December that it would add up to 2,000 employees in its technology unit.

Many of the remaining jobs will be created at existing Lowe’s locations, including its Mooresville headquarters.

The Charlotte technology center will be in South End section of the city in a 23-story building. The goal is breaking ground on the center in August and opening by late 2021. The Charlotte Plaza will serve as the interim home for the Lowe’s tech center.

Lowe’s expects to fill the first 400 positions in the next year and plans to begin hiring for these positions immediately. Applicants can go to www.jobs.lowes.com/technology to learn about available positions and apply online. The average annual wage for the new positions will be more than $117,000.

The company has been made eligible for up to $54.1 million in performance-based incentives from the state’s Job Development Investment Grant program, along with up to a $2 million performance-based grant from the One North Carolina Fund that requires matching local incentives.

Truliant debuts new branch in Greensboro

Truliant Federal Credit Union has opened its fourth branch in Greensboro at 2504 Battleground Ave. It is Truliant’s fifth branch in Guilford County and 15th in the Triad.

The credit union plans to open a Triad commercial lending office at 600 Green Valley Road in Greensboro in the fourth quarter. The credit union is moving its West Friendly Avenue branch to the site.

Since 2014, the credit union has added 14 branches — including 10 in the Charlotte Metro region. Truliant has 723 employees and 33 branches overall.

Richard Craver

Kontoor to cut 80 jobs at Va. distribution center

Kontoor Brands Inc. confirmed Thursday it plans to cut as many as 80 jobs in Luray, Va., by mid-August as part of eliminating a second shift at a Wrangler distribution center there.

Kontoor completed May 23 its spinoff from VF Corp. with the Lee, Rock & Republic and Wrangler jeanswear brands, along with the VF Outlet business

The company said the decision to end the shift was part of a strategic analysis of its global supply chain operations. It said it would keep a workforce of 140 at the center.

Richard Craver

Greensboro group buys Battleground Avenue tract

A Greensboro group has paid $4.05 million to buy a 3.77-acre tract at 3300 Battleground Ave., according to a Guilford County Register of Deeds filing Thursday.

The buyer is EEA-Stonebrook LLC. The seller is Stonebrook of Greensboro LLC, an affiliate of Alliance Management Inc. of Greensboro.

The tract contains an office building built in 1983 and two parking lots.

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Richard Craver

Richard Craver

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