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A five-alarm fire at an Indiana Walmart distribution center has closed the facility indefinitely, pending an investigation.
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The developer is partnering with a local firm for the project.
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Target's purchase of the giant industrial facility was partially funded through the EB-5 visa program, which could change under President Donald Trump.
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Developers say the Chicago region will eventually see multistory distribution warehouses, but it will take years before that happens.
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The Thornton facility is Target’s ninth food distribution center and its first with consolidation capabilities.
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Walmart is upping its tech and A! game at its automatic warehouses.
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PREIT continues to find new uses for mall space with Anchor Shops, a showcase for online-only retailers. It will also use a former Macy's box as a warehouse.
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Walmart, Meijer and Albertsons have all launched micro-distribution center initiatives, while Kroger Co. has leaned in the other direction.
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Shopify is building its own fulfillment centers to compete better with Amazon.
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Commercial property prices have remained flat this year due to retail's losses offsetting industrial gains.
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