Economic Development - Expansions and Relocations

[CLT2014]

So not sure what this means for Sherwin Williams expansion plans, but they've added some job postings for the IT department on their website and the positions are based in Raleigh. The job description says,

"Thrive in an exciting new space filled with natural light in the heart of Midtown Raleigh. Located in an urban-style campus, the park features a fitness center, an on-site eatery, a central courtyard, green spaces, and trails."

Could just be a regional IT office, but they currently don't have a corporate office in Raleigh, hence "new space". It is the only IT postings outside of Cleveland or Minneapolis for SW.

[KJHburg]

2 minutes ago, CLT2014 said:

So not sure what this means for Sherwin Williams expansion plans, but they've added some job postings for the IT department on their website and the positions are based in Raleigh. The job description says,

"Thrive in an exciting new space filled with natural light in the heart of Midtown Raleigh. Located in an urban-style campus, the park features a fitness center, an on-site eatery, a central courtyard, green spaces, and trails."

Could just be a regional IT office, but they currently don't have a corporate office in Raleigh, hence "new space". It is the only IT postings outside of Cleveland or Minneapolis for SW.

Whoa that is interesting news.  sounds like North Hills at Midtown but most of that space is filled however Kane has room for one more office tower.  And another HUGE project was announced nearby on St Albans Lane which could be that.    Very interesting indeed.  

[lancer22]

10 minutes ago, KJHburg said:

Whoa that is interesting news.  sounds like North Hills at Midtown but most of that space is filled however Kane has room for one more office tower.  And another HUGE project was announced nearby on St Albans Lane which could be that.    Very interesting indeed.  

I believe this is just a regional office.

[KJHburg]

2 minutes ago, lancer22 said:

I believe this is just a regional office.

sounds like North Hills at Midtown Kane's project.  some times companies test the waters in locations with job openings to see the local market.     I still wonder if  Sherwin Williams was the 1 Million sq ft tenant Spectrum Properties CEO spoke of.  

[KJHburg]

well this is interesting.  I found this from a Charlotte real estate broker about another company looking at putting a HQ in Charlotte that is looking at Dallas too.  He also says Sherwin Williams is looking for 1 M sq ft office and we all know we have plenty of land uptown that would accommodate such a building (or even suburban areas too)  Remember the 1 M sq prospect mentioned by Spectrum Properties CEO.  

http://cardinal-partners.com/blog/2019/11/is-sherwin-williams-moving-its-hq-to-clt/

the KJ take:  I think Sherwin Williams is looking at cities to build for the future and Charlotte closer to Ohio than ATL or Dallas could be just the place.  MY 2020 bet they either move here or stay put in metro Cleveland.  

[CLT704]

So any announcements this year? December has been very quiet and time is running out for any announcement to be made. Vanguard? Wells? 

[Cadi40]

There were several teasers of an imminent announcement about a month or two ago but they have yet to come to fruition.  

[Richhamleigh, DC]

https://www.inc.com/surge-cities

[Hushpuppy321]

19 hours ago, CLT704 said:

So any announcements this year? December has been very quiet and time is running out for any announcement to be made. Vanguard? Wells? 

Definitely has been more quiet this year over previous years but that’s becuase we had more big wins earlier on and also I believe that others will be announced but probably after the first of the year.  For example - Several big cities are hoping to get Sherwin Williams but nothing announced as of yet.

For Charlotte - The MLS announcement tomorrow is big.  Other than that I wouldnt hold my breath for anything else between now and New Year’s Day.

[turbocraig]

On 8/22/2019 at 3:27 PM, lancer22 said:

Bout 1.5 months

 

This was in response to a prior post deleted by @lancer22  because he was told to take it down.  (Someone had asked that same day when we should expect to hear whatever announcement that was deleted).  Did this happen?  Or is this still coming?  Or maybe now not coming?  I followed up about a month or so ago and never got a response.  Just curious.  This one stuck in my head. 

Edited December 16, 2019 by turbocraig

[KJHburg]

there is still time especially rest of this week and mon and tues 30/31 of the month.  Don't give up and Sherwin Williams will happen I think in a few months IF and big IF they move out of metro Cleveland. 

[U_R_]

The nation’s second-largest hard cider brand will soon have ties to Charlotte. Charlotte-based Artisanal Brewing Ventures is acquiring Bold Rock Cider in a deal slated to close later this month. Financial terms of the deal were not released.

https://www.wsoctv.com/news/local/charlotte-brewery-acquire-nations-second-largest-cider-brand/SBWTCTBFXRB3NMBNHSY426N7MM/

[Matthew.Brendan]

In unrelated news I’ve been enjoying Ciders a lot recently after ignoring them for the last decade and a half. Had a really nice pear cider while in California recently. 

[U_R_]

Honeywell announced that it has acquired Rebellion Photonics, a Houston-based provider of intelligent, visual gas monitoring solutions that help maximize safety, operational performance, emissions mitigation and compliance in the oil and gas, petrochemical, and power industries.

Rebellion offers a real-time monitoring platform that visually identifies and quantifies gas releases to quickly detect and analyze leaks and keep workers safe.  The intelligent monitoring system incorporates a sophisticated AI-driven software platform that automatically alerts plant operators if a gas leak, fire, or security issue is detected and provides detailed analytics.

Terms of the deal were not disclosed, and there is no change to the company's 2019 financial guidance as a result of the acquisition.

https://www.arcweb.com/blog/honeywell-acquired-rebellion-photonics-its-intelligent-visual-gas-monitoring-solutions

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Nucor Corporation (NYSE: NUE) announced today that it is acquiring TrueCore, LLC (TrueCore), an insulated metal panel manufacturing company with a facility in Laurens, South Carolina.  TrueCore produces insulated metal panels serving the cold storage market, with future plans for additional commercial and industrial applications.

"This acquisition fits well with our strategy to profitably grow our value-added product portfolio and provides great synergies with Nucor Buildings Group.  As the market leader in metal buildings, we currently utilize a high volume of insulated panels for buildings we design and manufacture," said Chad Utermark, Executive Vice President, Fabricated Construction Products.  

TrueCore currently has 26 employees and will become part of Nucor Buildings Group.

https://www.prnewswire.com/news-releases/nucor-acquires-truecore-insulated-panels-300973201.html

Edited December 20, 2019 by Ric0_0

[urbanlover568]

I really doubt Sherwin will stay in Cincinnati. Charlotte has more to offer economically and transportation wise.

 

[SoDoSoPa]

1 hour ago, mpretori said:

I really doubt Sherwin will stay in Cincinnati. Charlotte has more to offer economically and transportation wise.

 

They are HQ'd in Cleveland, not Cinci.  I really don't think they'll be leaving unless another city offers a huge incentive package. 

[urbanlover568]

41 minutes ago, SoDoSoPa said:

They are HQ'd in Cleveland, not Cinci.  I really don't think they'll be leaving unless another city offers a huge incentive package. 

You are correct. Yea, I can see that happening also. 

[kickazzz2000]

On 12/21/2019 at 6:29 PM, mpretori said:

I really doubt Sherwin will stay in Cincinnati. Charlotte has more to offer economically and transportation wise.

 

THAT'S not depressing at all!

[RiverwoodCLT]

Cleveland airport comes in at 44 busiest airport in USA and Charlotte at 12 in 2018.

 

 

Edited December 23, 2019 by RiverwoodCLT

[KJHburg]

48 minutes ago, RiverwoodCLT said:

Cleveland airport comes in at 44 busiest airport in USA and Charlotte at 12 in 2018.

that is one of the major reasons that Sherwin Williams is looking to leave and despite lots of money Ohio may throw at it and long history I do think there is a good chance they will move and that puts Charlotte high on the list.

In other econ development news Charlotte Regional Business Alliance will have a big reception in Paris when the Hornets play there and Honeywell and BofA taking the lead. 

https://www.bizjournals.com/charlotte/news/2019/12/23/charlotte-corporate-giants-join-hornets-business.html

[SydneyCarton]

1 hour ago, KJHburg said:

that is one of the major reasons that Sherwin Williams is looking to leave and despite lots of money Ohio may throw at it and long history I do think there is a good chance they will move and that puts Charlotte high on the list.

In other econ development news Charlotte Regional Business Alliance will have a big reception in Paris when the Hornets play there and Honeywell and BofA taking the lead. 

https://www.bizjournals.com/charlotte/news/2019/12/23/charlotte-corporate-giants-join-hornets-business.html

Charlotte and Raleigh are the top spots IMO, because they're closer to Cleveland than Atl is and offer a better quality of life.   If the jobs have a heavy science component, I could see them coming to the Triangle.  If it's largely general business (marketing, HR, law, accounting, etc.), I can see them going to Charlotte.  It will be a win for NC in either case, and I hope that they build a new downtown tower in either city.  A new tower Uptown or in South End would be ideal.

Edited December 23, 2019 by SydneyCarton

[KJHburg]

47 minutes ago, SydneyCarton said:

Charlotte and Raleigh are the top spots IMO, because they're closer to Cleveland than Atl is and offer a better quality of life.   If the jobs have a heavy science component, I could see them coming to the Triangle.  If it's largely general business (marketing, HR, law, accounting, etc.), I can see them going to Charlotte.  It will be a win for NC in either case, and I hope that they build a new downtown tower in either city.  A new tower Uptown or in South End would be ideal.

I would say in the Sherwin Williams HQ race IF they move out of NE Ohio is between Charlotte,  Dallas, Atlanta as Raleigh Durham while it has many many strengths does not have flights out of RDU as the others do. I do agree Charlotte could be the pick due to location closer to Cleveland and y'all make think I am crazy the Ohio experiences with the Carolinas and our beaches.  From OBX to Hilton Head Ohioan flood the zone in the summer! (and I am sure this includes many top people with SW too)   It would make Charlotte as easier sell.  

Valspar a SW subsidiary has research ops already in NC not their only facility but they are here including a plant in Charlotte in the University Research Park.

North Carolina

Valspar
Research Lab
2137 Brevard Road
High Point, North Carolina 27261-1703
Phone: +1 336-889-2157

Valspar
Manufacturing
5000 Womack Road
Sanford, North Carolina 27330
Phone: +1 919-777-2004

Valspar Coatings

Manufacturing
10300 Claude Freeman Dr.
Charlotte, North Carolina 28262-2339
Phone: +1 704-548-2820

Valspar Coatings
Manufacturing
1717 English Road
High Point, North Carolina 27262-7205
Phone: +1 336-889-2157

Valspar Coatings
Manufacturing
188 Side Track Drive
Statesville, North Carolina 28625-2543
Phone: +1 704-881-0704

 

Edited December 23, 2019 by KJHburg

[SydneyCarton]

I hope it comes to NC.

[KJHburg]

Charlotte announces on Twitter successes this year for the Queen City.  (I don't Better.com is the HQ though but a 2nd huge office for them)

 

[CLT2014]

I'm confused.... weren't we supposed to have some announcements before year end of did those get canceled?