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Kernersville Amazon Center Sold to New Company For Estimated $110 Million

Amazon is still moving full speed ahead to open the fulfillment center, and this week's sale has no impact on that, an Amazon spokesperson confirmed.

KERNERSVILLE, N.C. — The Amazon fulfillment center being built in Kernersville, NC, has been sold to a new company based in New York City. But the sale has no impact on Amazon's plans to open the fulfillment center, a spokesperson confirmed late Friday afternoon.

"The ownership change has no impact on our planned operation," Amazon told WFMY News 2, adding the company is moving forward with its facility in Kernersville.

The new owner, Greensboro WH LLC, purchased the 94.3-acre property from HPC-Seefried NC 1, LLC. The property includes three tracts of land.

Amazon never owned the land-- the company signed a contract to lease the property with the facility from HPC Seefried in July 2018.

The deed indicated the sale was filed with the Guilford County Register of Deeds on Wednesday, October 2. Using an excise tax calculation, the Amazon site in Kernersville was sold for an estimate $110 million.

Jeff Hatling, Community Development Director for the Town of Kernersville, said on Friday that it is common for one company to own the land for construction, and then sell the property to another company once it is leased.

Hatling said he did not know details about this week's sale, but provided context that situations like this are not uncommon, for example with apartment complexes.

The new facility is slated to open by 2020 and is expected to bring 1,000 new full-time jobs, according to previous reports.


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