Kroger has scrapped plans for a $92M, 200,000 SF delivery fulfillment center in Concord, eliminating what was expected to be ~700 new jobs over five years.
Why owners and business operators should care:
- Industrial demand isn’t guaranteed — even for national retailers
- Job growth assumptions matter for flex, office, and retail absorption
- Incentives ≠ certainty — announced projects can still disappear
- Strategy beats headlines in site selection and development decisions
A clear reminder: growth markets still require disciplined underwriting.
Relevant for anyone tracking industrial and logistics trends in the Carolinas.
https://www.charlotteobserver.com/news/business/article314347780.html
