PREIT Lands Tenant For Retail-To-Industrial Conversion In South Jersey Mall
The long-term potential of the retail-to-industrial conversion trend may be debated, but it retains its attraction to mall landlords with massive vacancies to fill.

PREIT has reached an agreement to convert the 80K SF former Burlington box at Cumberland Mall in Vineland, New Jersey, to a distribution center, the retail REIT announced on Thursday. The tenant will be Power Warehouse, an online merchant of batteries and power supplies, a PREIT representative told Bisnow...
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RSK: Just to be fair a distribution center isn`t exactly industrial use but nonetheless, you will be seeing more and more of this in struggling Malls.

Ken Notes: I would hold out for hybrid models that offer customer pickup, delivery, orders, and some hands on shopping. These are coming soon as eCommerce moves to larger items.



- - Volume: 9 - WEEK: 21 Date: 5/18/2021 7:51:35 AM -