22 replies to this topic

[cltbwimob]

Maybe Sears is seriously considering moving to NC.  I know having a Fortune 100 company HQ'd in Ballantyne would be a feather in the cap of Bissell...Not to mention a feather in the cap of the metro area as a whole.

Edited by cltbwimob, 09 June 2011 - 08:48 PM.

[kermit]

Today's CBJ is reporting that AXA Financial is unlikely to renew its Ballantyne lease next year and is looking to relocate. The article states:

Quote

AXA's lease at Ballantyne expires in 2013, and the company is looking at space elsewhere in the Charlotte market as well as in northern Lancaster County [in the EdgeWater Corporate Center]

The article ONLY discusses the Lascaster county option -- there was virtually no speculation on other Charlotte sites.

AXA has been there for a while (the late 1990s seems like an eternity ago) so its tough to divine if this is a harbinger of the future of Btyne or if AXA is just a moody company.

[atlrvr]

Financial incentives from SC mixed with lower rental rates I would guess.  AXA is a big time company, but most of these jobs are relatively low paying, though they do have some coporate support jobs there as well.

SC keeps tripping over themselves to offer incentives for low-paying white collar jobs.  HSBC received a big handout, and then shuttered their mortgage facility after just a few years, and I'm pretty sure Citi and Wells are substantially smaller than what they had envisioned.

No big loss, IMO.