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