Deep River Partners paid $26 million for the Main Street Market shopping center in Kernersville. Barclay Group was the developer of the project.

Located at 240 Market View Drive, Main Street Market is 74,558 square feet and is anchored by a Lowes Foods, which has been in the space since the shopping center opened in 2017. The tenant mix includes Jersey Mike’s Subs, Pet Supermarket, Aspen Dental and other local restaurants and retailers. The Lowe’s takes up 43,000 square feet of the space.

Barclay Group has experience developing in more than 15 states. Deep River developed 350,000 square feet over the last five years.

Kernersville is a town in Forsyth County, North Carolina, and the largest suburb of Winston-Salem. A small portion of the town is also in Guilford County. The population was 26,481 as of the last census.

John Deere will invest about $70 million to build a new 380,000-square-foot factory in Kernersville, an expansion of its John Deere Kernersville, NC campus. The factory will produce small, 6-10 metric ton, excavators and is expected to add about 150 new jobs. Currently, about 600 salaried and production employees work at the Kernersville campus.

“Kernersville has been an ideal location for John Deere for more than 35 years,” says John Deere’s Steve Brewer. “We are excited to further invest in our future-generation excavator portfolio and grow our engaged team.”

The company’s history of building excavators in Kernersville is supported by the city’s proximity to key markets and strong infrastructure with excellent connectivity to highways, seaports, and airports. With 50% of the North American small excavator industry located in the Southern US, Kernersville is close to customers and key suppliers. 

Construction of the new Deere factory is expected to begin in late 2024.