(p. B6) The pressure for speedy online package delivery is prompting companies to look for distribution facilities closer to residential areas or highways.
Some of the best locations, it turns out, are dead malls.
Warehouse landlords say they like former malls because the shopping centers occupy swaths of space relatively close to where consumers live or near main highways.
But it isn’t easy to convert a mall into logistics space quickly. Developers say it takes a community ready to accept that the mall has failed as well as understanding that there are viable job opportunities in logistics real estate.
For the full story, see:
Esther Fung. “The Best Location for New Warehouse Is Often an Old Mall.” The Wall Street Journal (Wednesday, Aug. 9, 2017): B6.
(Note: the online version of the article has the date Aug. 8, 2017, and the title “The Best Place for a New Warehouse? An Old Mall.”)