Source: Atlanta Business Chronicle Radial Inc., an international e-commerce company based in Pennsylvania and Amazon’s biggest competitor, will invest $40 million to open a new fulfillment center in Locust Grove, Ga. The center is expected to create 344 full-time job opportunities …
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Amazon To Build 1,500 New Last-Mile Warehouses In Arms Race With Walmart
Image from Pexels.com Source: BISNOW Amazon could be looking to add comprehensive last-mile warehouse coverage to major markets on a heretofore unheard-of scale. Having largely recovered from the shipping delays precipitated by the outbreak of the coronavirus, Amazon is on a …
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Trammell Crow Developing 615K SF Distribution Center For Home Depot
Source: BISNOW Trammell Crow has snagged a hometown home improvement retailer to kick off a new industrial park off Interstate 20. The Home Depot has inked a deal for a 615K SF build-to-suit distribution center at Stonecrest Business Park, a planned …
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Pandemic Creates Surging Demand for Cold Storage Industrial
Source: Globe St. The new demand will require that food-delivery service companies re-structure their supply chain and expand their real estate footprint. Once again, the industrial sector seems to be the biggest beneficiary of the pandemic. While e-commerce companies in …
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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 …
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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 …
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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 …
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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 …
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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. …
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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 …
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