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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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 …
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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 …
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Amazon, Big-Box Chains, 3PLs Among the Most Rapidly Expanding Industrial Tenants
Image from Pexels.com 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 …
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