Pepsi to invest $82M, move to Union Cross building

Courtesy of PepsiCo

Pepsi Bottling Ventures plans to invest $82 million in a building in the Union Cross Business Park.

Pepsi Bottling Ventures? ? Pepsi Bottling Ventures Latest from The Business Journals Pepsi Bottling to invest M on W-S facilityPepsi Bottling seeking incentives for Triad expansion Pepsi Bottling seeking incentives for Winston-Salem expansion Follow this company is planning to invest nearly $82 million to upfit a 526,000-square-foot building it has leased in the Union Cross Business Park in a move the company says will allow it to expand and modernize its local bottling operations.

The facility at 390 Business Park Drive will eventually house 500 workers ? 300 to be moved from Pepsi?s current bottling plant on Myer Lee Drive in Winston-Salem and another 200 that will be relocated from other Pepsi facilities outside Forsyth County, including 50 from Greensboro.

Pepsi?s decision to relocate comes after the city of Winston-Salem and Forsyth County agreed to provide the company with about $1.7 million in incentives. Pepsi has had operations in Winston-Salem since 1910; its Myer Lee Drive plant fronts Business 40 just east of downtown.

To read the full story featured in our Friday edition on Pepsi's decision, click here.

Katie Arcieri covers residential real estate, transportation/logistics, aviation, retail and textiles. Contact her at (336) 370-2913.

Source: http://feeds.bizjournals.com/~r/bizj_triad/~3/Nv12P4z_XQw/pepsi-to-invest-82m-move-to-union.html

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