Amazon Discussing Retail-to-Distribution Conversions

By Joe Dyton for The Broker List  Mall owner Simon Property Group and Amazon are in talks to turn J.C. Penney and Sears stores into distribution centers, according to The Wall Street Journal. Both department store chains filed for Chapter 11 bankruptcy and closed stores across the country. Simon malls have 63 J.C. Penney stores and 11 Sears, according to the company’s May public filing. The number of stores Amazon […]

Dollar Stores Show E-commerce Resilience

By Les Shaver for GlobeSt.com  While many CRE sectors and product types have floundered after COVID-19 hit, one industry has continued to flourish.  In the second quarter, cap rates for dollar stores fell a 12-basis point decrease when compared to the prior year, according to The Boulder Group.  There are some long-term concerns for the sector, most notably […]

Hines Announces New 2-Bldg. W. Valley Spec. Project

Source: Hines  Hines, with funds managed by Oaktree Capital Management, L.P., has announced they have closed on the property for the future development of two speculative industrial buildings, each 569.5KSF in size, in Glendale. The project, located just off Loop 303 between Glendale Avenue and Bethany Home Road, will be known as G303 — short for Glendale 303.  G303 will be a two-phase state-of-the-art industrial/logistics park, whose first phase will consist of 569.5KSF and feature 40’ clear height and 50’ by 56’ column spacing with 60’ […]

Pima May be Skirting Laws with Amazon NDAs

By Roland Murphy for Arizona Builder’s Exchange When we broke the news last week that Project Wildcat, the hush-hush 2.3MSF project in initial planning for the Century Research Park/Port of Tucson was, in fact, for an Amazon fulfillment and distribution center, we knew a lot of other reporters were going to jump on the story […]

That Giant Tucson Project? Yeah, It’s Amazon

The Tucson area has been abuzz with speculation about a massive (technically) speculative warehouse/distribution center project being planned for Century Park Research Center/Port of Tucson that would have a footprint of between 800KSF and 1MSF. We’re sorry for being a couple days late to the party, but AZBEX can confirm plans are in the works; […]