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SANFORD, N.C. -- More than two years after announcing plans to move its corporate offices to Cary, The Pantry Inc. entered an agreement to buy a two-story, 62,000-square-foot office building in Cary's McGregor Corporate Park, the News & Observer reported.
Pete Sodini, president of the Sanford-based chain of more than 1,600 c-stores, declined to say how much the company is paying for the building, but said he expects the deal to close in 45 days, with The Pantry taking possession in early December, the report stated.
Approximately 150 employees will move from its Sanford campus to the Cary office over the first half of 2009. Roughly 400 information technology and accounting employees will remain in the Sanford offices after the move.