Prologis Says The Great Retail-To-Logistics Conversion May Be Overhyped
Source: BISNOW A new research report from the world’s largest owner of industrial property has concluded that the much-anticipated trend of converting retail assets to last-mile logistics might actually be a bit of a damp squib. In its report, Logistics Real Estate – Sizing the Retail Conversion Opportunity, Prologis said that retail conversions would likely account […]
New Trend: Converting Malls Into Distribution Centers
Source: National Real Estate Investor Simon Property Group, Inc., the largest shopping mall operator in the United States, has entered into talks with Amazon about converting unused shopping mall space into distribution centers (DCs), according to a recent report from the Wall Street Journal. With the retail sector expected to lose up to 25,000 stores in 2020, the Amazon news […]
Savannah welcomes largest ship to ever call the U.S. East Coast
Source: Marine Log The Port of Savannah today welcomed the 15,072 TEU CMA CGM Brazil, the largest ship to ever call the U.S. East Coast. A total of 5,600 TEU of containers will be moved on and off the giant ship during its call at Savannah. In August, Savannah moved more containers over its docks, more cargo […]
Bang Energy to invest $145 million in Lithia Springs facility
Source: Atlanta Business Chronicle Sports beverage company Bang Energy picked Lithia Springs as the site of its first Southeastern manufacturing and distribution facility. The Weston, Fla.-based manufacturer will invest $145 million to build a 644,000-square-foot facility at 7705 Staples Drive and create 600 new jobs, according to Gov. Brian Kemp’s office. Bang Energy creates and […]
The New Normal for Office Marketing
Source: Globe Street While Hines’ Senior Managing Director John Heagy was able to close a massive deal with Microsoft at the 523,000 square-foot Atlantic Yards office development in West Midtown Atlanta in May, he admits COVID has upended the office leasing process. “There is no question that the environment for traditional marketing has been completely rocked,” Heagy […]
Walmart Delivery Drones Take To The Sky
Source: BISNOW Walmart is planning to launch a test of drone delivery in a limited area near the company’s headquarters in northwest Arkansas. For now, the program will use drones to deliver various health and wellness products within a 50-mile radius of the HQ, but the retail giant says the system has the potential to expand to other […]
KKR Snags Last-Mile Facility Near Atlanta Airport for $22M
Source: Connect Atlanta KKR has acquired Atlanta Last-Mile Center, a recently renovated, 205,541-square-foot, last-mile industrial facility adjacent to Hartsfield-Jackson International Airport in Atlanta. The sales price was $21.7 million. Located on nearly 30 acres at 2750 Sullivan Rd., the facility provides easy access to one of the world’s most traveled airports as well as a […]
Trammell Crow gets $3.8M tax break to build Home Depot distribution center
Source: Atlanta Business Chronicle Developer Trammell Crow will receive a $3.8 million tax abatement to build a new Home Depot distribution center in the city of Stonecrest, but the final tally on tax incentives for the facility is not yet known, according to the state. Home Depot and Gov. Brian Kemp announced last month the Atlanta-based home […]
Amazon, Big-Box Chains, 3PLs Among the Most Rapidly Expanding Industrial Tenants
Source: National Real Estate Investor Online sales shot up during the COVID-19 quarantine, causing many companies to rethink their logistics strategies. As a result, a number of e-commerce players are aggressively expanding their physical footprints to improve their fulfillment and delivery capabilities. According to data from the U.S. Census Bureau, e-commerce sales accounted for 16.1 percent of total […]
Road to Recovery: Private Capital, Supply Chain, and the Economy Ahead
Source: Balentine This Road to Recovery series hosts discussions around long-term implications for business owners. Topics include private capital, supply chain, and the economy ahead. The latest discussion featured Vistage’s Joe Galvin, Frank Blake (former CEO of the Home Depot and current Chairman of the Board of Delta and Grady Hospital) and macroeconomic research company Strategas. […]