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N.C. Research Campus loses four retail tenants

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By Emily Ford, The Salisbury Post

KANNAPOLIS, N.C. — Four furniture stores in downtown Kannapolis will close, leaving nearly a quarter-million square feet of vacant retail space at the N.C. Research Campus.

Ktown Furniture Inc. will close the stores "because of the bad economic conditions and the slow progress being made on the North Carolina Research Campus," corporation President Fred Morrison said in a statement. Morrison and Melvin Vanderburg, chairman of the board, have sold furniture in Kannapolis for 42 years.

They will close the sprawling Ktown store on Oak Avenue, which they own, as well as Village Furniture House, Carolina Interiors and the Furniture Mall, which take up about one and a half blocks of West Avenue in space leased from Research Campus founder David Murdock.

Now called simply the Village, the downtown district is part of the new Research Campus, a $1.5 billion life sciences hub that Murdock built on the ruins of the Cannon Mills textile plant, which he once owned. A California billionaire, Murdock owns Dole Food Co.

For details, see the Salisbury Post report.

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