Castle & Cooke to sell downtown Kannapolis properties

KANNAPOLIS — Castle and Cooke, the owner of several properties in the City of Kannapolis including the former Cannon Mills, is selling its North an...

September 27, 2022
8:36 PM

KANNAPOLIS — Castle and Cooke, the owner of several properties in the City of Kannapolis including the former Cannon Mills, is selling its North and South Carolina properties. The sale will include about 236 acres in and around Downtown Kannapolis. Insite Properties, a regional development firm located in Charlotte, plans to purchase the properties. The company and its partners plan to invest $500 million in new development for the northern area of downtown Kannapolis. Jay Blanton, founder and managing principal of Insite Properties said that investment could be greater.

Victoria Young