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Wednesday, June 03, 2020Reopening Woes
‘It’s the Last Straw’: Looting, Curfews Add to Reopening Woes for Business TenantsShops, Eateries Weigh Possibility of Permanent Closings After Another Night of Violent Protests Protests in and around San Francisco following the death of George Floyd in Minneapolis have been followed by looting, violence and property damage. (Photo by Neal Waters/Anadolu Agency via Getty Images) By Katie Burke CoStar NewsJune 2, 2020 | 6:24 P.M. After slogging through weeks of extended closings, mass layoffs and
Wednesday, June 03, 202014 Must Reads for the CRE Industry Today
Spencer Platt/Getty ImagesNREI WIRE14 Must Reads for the CRE Industry Today (June 3, 2020)Real estate executives and business leaders promise change as anger and frustration over racism and police brutality grip the nation, reports The Real Deal. Office developers around the country grapple with the fallout from the coronavirus pandemic, according to The New York Times. These are among today's must reads from around the commercial real estate industry. NREI Staff | Jun 02, 2020 Rental-Apartment
Tuesday, June 02, 2020Commercial Real Estate Prices
Coronavirus Slams Brakes on Commercial Real Estate Price GrowthWider Gap Develops Between Buyer, Seller Price Expectations CoStar's latest indices show price growth flattening as dealmaking slowed sharply. (CoStar) By Mark Heschmeyer CoStar NewsJune 1, 2020 | 5:40 P.M. Commercial real estate price growth flattened in April as deals begun before the pandemic were completed and overall transaction volume slowed sharply, according to the latest monthly CoStar Commercial Repeat Sale Indices. The CCRSI
Tuesday, June 02, 2020Chicago Halts Some Construction
Chicago Halts Construction on Developments in Business District After LootingAfter a Weekend of Violence, City Moves to Inspect Damaged Buildings and Clean Up Streets Workers in Chicago scrambled to board up stores, such as the Nike flagship on Michigan Avenue which was looted after peaceful protests turned into mayhem over the weekend. (Taylor Truman) By Jennifer WatersCoStar NewsJune 1, 2020 | 1:13 P.M. Construction on many of Chicago’s biggest commercial real estate developments is ordered to halt
Monday, June 01, 2020Warehouse Leasing Picks Up
Warehouse Leasing Picks Up as Consumers and Businesses Begin Spending AgainReopenings Provide Options for Companies Seeking Industrial Space By Randyl Drummer CoStar NewsMay 29, 2020 | 4:48 P.M. Industrial leasing is increasing as more states gradually reopen their economies from coronavirus-related closings and businesses get more comfortable committing to warehouse space. Demand began slowing in mid-March, and CoStar logged some of the lowest levels of activity in history in April as skyrocketing
Monday, June 01, 202011 Must Reads for the CRE Industry Today (June 1, 2020)
NREI WIRE11 Must Reads for the CRE Industry Today (June 1, 2020) Intense protests around the United States against police brutality that featured sporadic looting forced retailers that had been reopening from COVID-19 shutdowns to close back down again, reported Reuters. Meanwhile, a major retail federation has been pushing for governmental aid top help companies survive, according to the Washington Post. And the Wall Street Journal explored how the future of movie theaters is in doubt amid the
Monday, June 01, 2020The Most Hopeful Recession
The Most Hopeful Recession “Optimism doesn’t wait on facts. It deals with prospects.”- Norman Cousins, journalist and authorThis recession is unique for a nearly uncountable number of reasons, and new ones seem to pop up all the time. We’ve got a couple of them for you, so let’s get into it.Last week saw the release of quite a bit of sentiment data for the month of May, surveys on consumer confidence from the Conference Board as well as a collection of business confidence surveys from local Federal
Friday, May 29, 2020J.C. Penney in Talks to Reduce Rent
J.C. Penney in Talks With Landlords to Suspend or Reduce Store Rent PaymentsLawyer Plans to File Motion to Defer Rent Until Discussions Play Out on Summer Rents J.C. Penney has 846 retail stores are throughout 49 states and Puerto Rico. (iStock) By Candace Carlisle CoStar NewsMay 28, 2020 | 5:12 P.M. Department store J.C. Penney is negotiating with all its landlords for rent abatement for June, July and August in hopes of preserving cash flow as it moves through the Chapter 11 bankruptcy protection
Friday, May 29, 2020Friday's Set of Interesting Articles
Jonathan Daniel/Getty ImagesNREI WIRE13 Must Reads for the CRE Industry Today (May 29, 2020)Ventas Inc. is cutting corporate positions and reducing executive salaries to maintain financial strength, reports Senior Housing News. More guidelines and strategies emerge for restaurants reopening in major cities. These are among today’s must reads from around the commercial real estate industry. NREI Staff | May 28, 2020 Chicago Releases Plan for Reopening Restaurants, Leaving NYC in the Dust “Chicago has
Thursday, May 28, 2020Boeing to Cut Jobs
Boeing's Planned 6,770 Job Cuts Could Hit Property in Seattle, LA and DCReductions Result From the Disruption of Coronavirus Outbreak on Industry On Founders Day, The Boeing Company's July 2016 centennial celebration, the planemaker assembled a parade of its commercial aircraft at Boeing Field in Seattle. (Bob Ferguson, Boeing) By Clare Kennedy CoStar NewsMay 27, 2020 | 6:19 P.M. Boeing Co.'s plan to reduce its workforce by another 6,770 jobs may affect the 86 million square feet of commercial real
Wednesday, May 27, 202012 Must Reads for the CRE Industry Today
NREI WIRE12 Must Reads for the CRE Industry Today (May 27, 2020)McDonald’s Corp. is facing a class-action lawsuit seeking compliance with health guidelines, reports Reuters. Construction work on a nine-story wooden mixed-use building continues in Cleveland, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry. NREI Staff | May 26, 2020 Landlords Were Never Meant to Get Bailout Funds. Many Got It Anyway. “Real-estate companies are
Wednesday, May 27, 2020Retail Rents to Decline
Moody’s expects that store closures will push the U.S. retail real estate vacancy rate for 2020 past its historical high, owing to store closures. COVID-19 will hurt the retail sector more than other commercial property types thanks to the sector’s pre-existing conditions, according to Moody’s Analytics REIS Network. “The COVID-19 pandemic has prompted unprecedented challenges in the economy, and commercial real estate markets are changing rapidly as a result,” said Moody’s Analytics head of commercial
Wednesday, May 27, 2020News Cares Act Funding
Applications for CARES Act Non-Competitive Awards Accepted Through Mid-June and Competitive Awards on Rolling BasisU.S. Economic Development Administration sent this bulletin at 05/27/2020 11:43 AM EDT Having trouble viewing this email? View it as a Web page. Wednesday, May 27, 2020Applications for CARES Act Non-Competitive Awards Accepted Through Mid-June and Competitive Awards on Rolling Basis On May 7, the Economic Development Administration (EDA) began accepting applications for our CARES Act
Tuesday, May 26, 2020Eight Interesting Articles for Today
FREDERIC J. BROWN/AFP via Getty ImagesNREI WIRE Eight Must Reads for the CRE Industry Today (May 26, 2020)New analysis from CoStar showed that 14 of the 20 largest mall tenants are either apparel retailers or department stores, including several names that have now filed for bankruptcy. The National Association of Home Builders index on build confidence has fallen to Great Recession levels, reports Million Acres. These are among today’s must reads from around the commercial real estate industry. NREI
Tuesday, May 26, 2020Apartment Renters Continue to Pay Rent
Apartment Renters Continue to Pay Up, and Owners Wonder: How?Some Industry Executives Worry US Collection Rates Are 'Too Good to Be True' Apartment executives are wondering whether the high rates of rent payments during record U.S. unemployment can last. (Getty Images) By John Doherty CoStar NewsMay 22, 2020 | 4:41 P.M. Tenants are continuing to make rent payments on their apartments — and that’s confounding industry experts. The National Multifamily Housing Council, or NMHC, reported that 90.8% of
Tuesday, May 26, 2020How May the World of Work Change
How Might the World of Work Change? It Depends on How You Look at It. “Over the last week, we have now regained about 60-65% of prior year comparable U.S. store sales while reopening under modified operations and with reduced hours.”– Starbucks CEO Kevin Johnson When it comes to communicating difficult information, it’s all about the framing. And the quote above is a prime example of doing it well. Think about how you might frame it in the way we typically talk about same-store sales. And by that we mean
Friday, May 22, 2020Best Buy
Best Buy Sees E-Commerce Jump 155%Pandemic Accelerates Shift to Hybrid Retail Model Best Buy's curb-side service has contributed to the retailer's online sales growth. (CoStar) By Clare Kennedy CoStar NewsMay 21, 2020 | 6:38 P.M. Executives at electronics and home appliance retailer Best Buy said its retail real estate has been one of its greatest assets through the coronavirus pandemic but they are in no great hurry to fully reopen the more than 1,000 stores to the general public. Perhaps that's
Friday, May 22, 2020Mall of America
Bill-Pugliano/Getty ImagesFINANCE & INVESTMENT>CMBSBiggest U.S. Mall Is Two Months Delinquent on $1.4 Billion LoanThe Mall of America missed two months of payments on a $1.4 billion CMBS loan. Bloomberg | May 21, 2020 (Bloomberg)—The Mall of America, the largest U.S. shopping center, missed two months of payments for a $1.4 billion commercial mortgage-backed security, the latest sign of the devastating impact of pandemic-related shutdowns on the retail industry. “The loan is currently due for the April
Thursday, May 21, 2020Target Well Positioned
Buoyed by Triple Digit Growth and Revamped Properties, Target Says It's Ready to 'Play Offense'Retailer to Hit Accelerate on New Initiatives, Buying Real Estate Customers rushed to purchase toilet paper at a Target store in response to the coronavirus pandemic. (Getty Images) By Clare Kennedy CoStar NewsMay 20, 2020 | 2:41 P.M. Target, with the help of its vast real estate empire, edged out rival Walmart in sales growth and had an easier time than Amazon in filling online orders in the first
Thursday, May 21, 2020Leisure Travel Increases
Leisure Travel Pushes Hotel Industry Toward Steady RecoveryKey Performance Measures Rise for the Fifth Week, Primarily on the Weekend Leisure travelers are slowly filling hotel rooms again after anemic demand because of the coronavirus pandemic. (Getty Images) By Richard Lawson CoStar NewsMay 20, 2020 | 6:03 P.M. Rising leisure travel pushed hotel occupancy slightly higher for a fifth straight week as cities and states relax restrictions put in place to slow the spread of the coronavirus. Occupancy
Thursday, May 21, 2020Interesting Commercial Real Estate Articles for Today
Getty ImagesNREI WIRE12 Must Reads for the CRE Industry Today (May 21, 2020)U.S. demand for warehouses could surge as lockdowns accelerate online shopping, reports Business Insider. In addition to the coronavirus, plumbing systems in emptied commercial buildings could put returning employees at risk of Legionnaire’s and other illnesses, according to the New York Times. These are among today’s must reads from around commercial real estate industry. NREI Staff | May 20, 2020 Warehouses Are The New
Wednesday, May 20, 2020Pier 1 Imports to Close Stores
Pier 1 Imports Plans to Liquidate Merchandise, Close All Its 900 StoresDespite CARES Act Funds, Retailer Proceeds With Winding Down Operations Pier 1 Imports plans to liquidate more than 900 closed stores throughout the United States and Canada. (Getty Images) By Candace Carlisle CoStar NewsMay 19, 2020 | 3:07 P.M. Home goods retailer Pier 1 Imports wants to liquidate its U.S. and Canadian assets after failing to find a buyer since filing for Chapter 11 bankruptcy protection three months
Wednesday, May 20, 2020Walmart and Future Shopping Behavior
Walmart’s Robust Quarter Offers Peek at Future Shopping BehaviorNearly All 4,600 US Stores Benefited From Stockpiling in Pandemic; E-Commerce Sales Surged 75% Walmart reported $900 million in extra first-quarter costs tied to the coronavirus pandemic. (Walmart) By Jennifer Waters CoStar NewsMay 19, 2020 | 12:47 P.M. Walmart's designation as an essential retailer that allowed it to stay open during the pandemic may have resulted in more than just a surge in first-quarter earnings from strong big-box
Tuesday, May 19, 2020Amazon Reportedly Looks at J.C. Penney
Amazon Reportedly Looks at Deal for JC Penney AssetsJC Penney Might Create Real Estate Spinoff, Plans to Close 29% of its Stores J.C. Penney filed for Chapter 11 bankruptcy protection from creditors after months of temporary store closings. (iStock) By Candace Carlisle CoStar NewsMay 18, 2020 | 6:56 P.M. Department store retailer J.C. Penney, which has filed for Chapter 11 bankruptcy protection, could be the acquisition target of e-commerce giant Amazon in a deal that would boost the online
Tuesday, May 19, 20207 Articles for Today
Joe Raedle/Getty ImagesNREI WIRESeven Must Reads for the CRE Industry Today (May 19, 2020)The Wall Street Journal looks at malls that reopened last weekend. U.S. banks continue to disclose exposure to the reeling retail industry, reports the S&P Global. These are among today’s must reads from around the commercial real estate industry. NREI Staff | May 18, 2020 Three Malls in Three States: A Weekend Shopping Trip Under Coronavirus “Many U.S. malls were struggling to attract shoppers and keep tenants
Monday, May 18, 2020Monday's News
Alex Wong/Getty ImagesNREI WIRE Eight Must Reads for the CRE Industry Today (May 18, 2020)In its twice-yearly financial stability report released Friday, The Federal Reserve warned on significant asset price declines, with commercial real estate potentially being among the most affected, Bloomberg reported. Legislation introduced in California could make it easier for small businesses to break their leases, according to a story from California Globe. These are among today’s must reads from around the
Monday, May 18, 2020J.C. Penney Files for Chapter 11
J.C. Penney Files for Chapter 11 Bankruptcy, Secures $900M for Debt RestructuringPosted on May 18, 2020 by Taylor Williams in Company News, Retail, Texas, Top Stories Pictured is J.C. Penney's store at Jamestown Mall in metro St. Louis. The company will announce in the coming weeks which of its 850 U.S. stores will be closing following its filing for Chapter 11 bankruptcy. PLANO, TEXAS — J.C. Penney Co. (NYSE: JCP) has filed for Chapter 11 bankruptcy protection in a bid to strengthen its finances
Monday, May 18, 2020CoStar Opinion
CoStar EconomyMay 18, 2020 INSIGHTS ON DATA POINTS AND ECONOMIC POLICY The Trouble With Charting a Pandemic-Induced Downturn “I have nowhere to go and no place I’m supposed to be. Am I lost or completely free?”- Doug Cooper, author of "Outside In" Settle in, reader. This week’s edition is a veritable chartbook. There’s nothing we like more than a good chart. A picture tells a thousand words, right? The trouble with charts these days is that they keep breaking. Take the initial
Friday, May 15, 2020Retail Industry Braces
Retail Industry Braces for Hundreds of Millions of Vacant Square FeetState of the Market Video: Retail Rents Are Expected to Tumble in Post-Pandemic WorldBy Jennifer Waters CoStar NewsMay 14, 2020 | 5:56 P.M. The retail fallout in a post-pandemic world is sweeping across every U.S. market and is expected to leave hundreds of millions of square feet vacant while driving rents and valuations lower. By categorizing retailers based on their S&P credit ratings, CoStar managing director and senior economist
Friday, May 15, 2020US Retail Sales
April U.S. retail sales: Double-digit declines in eight of 11 categories April U.S. retail sales: Double-digit declines in eight of 11 categories ...May 15, 2020 April U.S. retail sales minus auto and gas dropped 9.3 percent year over year and 14.3 percent from March 2020, according to an advance estimate by the U.S. Census Bureau. Nonstore sales, food-and-beverage-store sales and building supply/garden-store sales each grew year over year, but only nonstore sales increased from March 2020 to April 2020.
Thursday, May 14, 2020US Hotels Rooms Gradually Refill
US Hotel Rooms Gradually Refill With Leisure TravelersLodging Industry Posts Fourth Week of Increased Occupancy Travelers are starting to move about the country again, which has boosted U.S. hotel occupancy. (Getty Images) By Richard Lawson CoStar NewsMay 13, 2020 | 6:04 P.M. The U.S. hotel industry’s slow mending resulted in its fourth straight week of higher occupancy, signaling that more people are venturing out and traveling. Hotel occupancy in the United States rose to 30.1% for the week ended
Thursday, May 14, 2020Pandemic Cuts Into City Budgets
Pandemic Cutting Into The Budgets Of Even Well-Off Municipalities May 13, 2020 Brian Rogal, Bisnow Chicago The coronavirus pandemic has led to plunging revenues for states and cities across the U.S., and with the White House and Senate Republicans opposing federal aid to make up budget shortfalls, it seems likely many governments will soon need to make drastic cuts in spending. These troubles are not limited to governments like Chicago’s and Illinois’, which have struggled for years with high pensions
Wednesday, May 13, 2020Trade Events-Illinois
Illinois Trade Events and Opportunities Commercial Service Illinois continues to provide our clients and partners with counseling and information during this difficult and challenging time. Know that we are here for you whether you have questions about the status of an event, need to cancel a service, or are checking on the status of an export market. To learn more about our virtual services, visit Trade.gov/virtual-services. Our thoughts are with you and the global business community, and we
Wednesday, May 13, 2020Articles for Today
NREI WIRE14 Must Reads for the CRE Industry Today (May 13, 2020)The New York Times looks at the future of shopping. Seniors are holding off on special housing due to a rise in telemedicine, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry. NREI Staff | May 12, 2020 Will Shopping Ever Be the Same? “As luxury department stores prepare to reopen their doors, global retailers share their plans — and fears — for the future of shopping.”
Tuesday, May 12, 2020How Will Food Halls Fare
Bryan Thomas/Stringer/Getty ImagesRETAILHow Will Food Halls Fare Post COVID-19?Some will be undone by higher operating costs driven by the pandemic. But the sector will eventually rebound, brokers insist. Sebastian Obando | May 11, 2020 Before the virus hit, there were approximately 226 food halls operating in the U.S., according to Phil Colicchio, executive managing directors of Colicchio Consulting, the specialty food and beverage, hospitality and entertainment group at Cushman & WakefieldFood halls
Tuesday, May 12, 2020Top Ten Articles for Today
twinsterphoto/iStock/Getty ImagesNREI WIRE10 Must Reads for the CRE Industry Today (May 12, 2020)Chinese investment in the U.S. dropped to the lowest levels since the financial crisis, reports Reuters. Wall Street investors are flocking to single-family rental REITs, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry. NREI Staff | May 11, 2020Reopening the Coronavirus-Era Office: One-Person Elevators, No Cafeterias “Welcome back to work.
Monday, May 11, 2020Thermal Imaging
Technology That Guides Bombs May Help Protect Office Workers From CoronavirusInfrared Radar Is One Piece of the Puzzle to Ensure Health Safety Thermal imaging could be used more often to scan people for elevated body temperatures as the coronavirus remains a threat. (FLIR Systems) By Richard Lawson CoStar NewsMay 8, 2020 | 3:15 P.M. Technologies developed over the past century could be part of the future of protecting employee health in office buildings. To detect feverish employees who may be sick
Monday, May 11, 2020Different Approaches to Opening Retail
The differing approaches to reopening retail The differing approaches to reopening retailMay 8, 2020 “There is such a yearning from small businesses and national tenants to reopen,” said C. Kelly Cofer, founder and CEO of consulting, research and recruitment firm The Retail Coach. “Opening their doors back up is key not just from a cash-flow standpoint, but also from a confidence standpoint.” Masks, gloves, social distancing and see-through plastic barriers at checkout stands will be part of the shopping
Friday, May 08, 2020warehouse Demand
INDUSTRIALWarehouse Giant Seeing Insatiable Demand from Amazon, WalmartPrologis Inc. is seeing growing demand for warehouse space. Bloomberg | May 07, 2020 Companies including Amazon.com Inc. and Walmart Inc. have an “almost insatiable” appetite for more warehouse space, Chief Executive Officer Hamid Moghadam said in an interview on Tuesday.(Bloomberg)—Prologis Inc., the largest owner of warehouses in the U.S., is getting a boost as social-distancing pushes consumers deeper into the embrace of
Friday, May 08, 2020What Office Landlords Can Do
Glyn Kirk/Getty ImagesOFFICESome States Are Reopening. Here’s What Office Landlords Can Do to Make Tenants Feel SaferFrom tracing apps to strictly enforced rules on the use of masks, office landlords prepare for eventual reopening. Patricia Kirk | May 07, 2020 The majority of big corporate employers are taking a compassionate approach, allowing employees who feel uncomfortable returning to the office ahead of CDC recommendations to continue working from home. They are also being thoughtful about how to
Thursday, May 07, 2020Department Store Woes
RETAIL What Department Stores Will Be Left Standing After COVID-19?The sector was already facing massive challenges. With consumers unlikely to return to malls anytime soon, some chains will disappear. Liz Wolf | May 06, 2020 Now the health crisis and its mandated shutdowns and social distancing—not to mention a deep looming recession—may put the final nail in the coffin for some department store retailers.The U.S. department store sector was in a downward spiral even before the COVID-19 pandemic hit as
Thursday, May 07, 2020Treasury Starts Offering Bonds
Treasury Starts Offering Bonds to Cover Coronavirus Debt of $3 TrillionPandemic Costs Are Mounting as GDP Takes a Hit From Reduced Spending in Several Categories The Treasury Department expects to borrow nearly $3 trillion to cover costs stemming from the coronavirus pandemic. (NCinDC/Flickr) By Mark Heschmeyer CoStar NewsMay 6, 2020 | 10:20 A.M. The Treasury Department is planning to offer $96 billion of securities next week as part of a three-month plan to help cover the costs of coronavirus
Thursday, May 07, 2020Banks Boost Reserves
Banks Boost Reserves to Deal With Coronavirus. And for Good Reason.CoStar Analysis Shows Hundreds of Institutions May Have Lacked Sufficient Capital as Pandemic Took Hold The coronavirus pandemic is a reality check for the adequacy of banks' capital levels. (Getty Images) By Mark Heschmeyer CoStar NewsMay 7, 2020 | 9:34 A.M. After boosting reserves by $400 billion in the first quarter to shore up against potential losses from the coronavirus pandemic, U.S. banks have already raised that amount by
Wednesday, May 06, 2020Multifamily Property Owners
Responding To The Pandemic Will Mean More Costs For Multifamily Landlords, Even After It Subsides Chicag May 5, 2020 Brian Rogal, Bisnow Chicago Most multifamily landlords were relieved after tabulating April’s overall rent collection, but experts say May, the first full month under statewide shutdown orders and mass unemployment, will be a tougher test. Property owners will need to keep rental income flowing, not merely to keep their businesses afloat but because in the months and perhaps years ahead,
Tuesday, May 05, 2020Today's Reads
NREI WIRE 10 Must Reads for the CRE Industry Today (May 5, 2020)MGM Resorts completed a $750 million debt offering, reports MarketWatch. Some businesses in California are opening doors despite stay-at-home orders, according to the Los Angeles Times. These are among today’s must reads from around the commercial real estate industry. NREI Staff | May 04, 2020 The Pandemic May Mean the End of the Open-Floor Office “As businesses contemplate the return of workers to their desks, many are considering large
Tuesday, May 05, 2020Questions When People Return to Work
As Some Employees Return to Offices, Temperature Checks — and Legal Questions — May AwaitLawyers Expect a Rise in Potential Lawsuits and Claims Employees at an office building in China have their temperatures checked. (Cushman & Wakefield) By Candace Carlisle CoStar NewsMay 4, 2020 | 4:55 P.M. As Texas and other U.S. states prepare to begin reopening office buildings for business, some companies might opt to screen employees prior to entry for fever, a known symptom of the coronavirus
Wednesday, October 23, 2019Darwin Realty Arranges Sale of 90,000 SF Industrial Building in Elgin, Illinois
Darwin Realty has arranged the sale of a 90,000-square-foot industrial building located at 501 Davis Road in Elgin. Consideration for the sale was in excess of $5 million. The property features seven loading docks, three drive-in doors, 5,000 square feet of office space and a clear height of 24 feet. Noel Liston of Darwin brokered the transaction. Chicago Logistic Service owned and occupied the building. Navis Industries, which provides plastic packaging films, purchased the building and plans to relocate
Thursday, August 29, 2019Conor Commercial expands in Elgin with two new buildings
Conor Commercial Real Estate recently held a grand opening ceremony for Northwest Pointe III, 2801 Galvin Drive in Elgin. The two new, speculative industrial buildings will be ready for occupancy by the end of the year and together measure over 349,000 square feet. The two new buildings sit on 20.54 acres, have a clear height of 32 feet, 20-28 truck docks per building, over 400 parking spaces and column spacing of 50 feet by 52 feet allowing for vast open areas inside the building.Read More
