Retail will return to former New Jersey mall site—along with three warehouses

Big regional malls are usually located at major highway crossroads, also a good spot for distribution centers. So it’s no surprise that three warehouses might be going up on the former site of the Burlington Center Mall in New Jersey.

Plans for 1.9 million sq. ft. of warehouse space will be put before the Burlington Township planning board on June 3 by an affiliate of Lion Heart Industrial Trust, a Maryland-based real estate investment trust, according to a report in the Burlington County Times.

Also in the plans for what’s being called The Crossings is 100,000 sq. ft. of retail to include shops, restaurants, and medical offices in eight buildings that would range in size from 2,850 sq. ft. to 55,655 sq. ft...

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RSK: You will see more and more of this. Amazon has already purchased 6 malls for distribution.

Ken Notes: I also see Amazon creating hybrid facilities with showroom and delivery pickup for larger items and warehouse distribution for other items. Sears had it right in the 60`s...



- - Volume: 9 - WEEK: 24 Date: 6/8/2021 8:45:16 AM -