Adaptive Reuse: An Unconventional Solution to a Dilemma in Industrial CRE

October 18, 2022October 18, 2022 Alexa Broylesadaptive reuse, commercial real estate, CRE, industrial, investment, light industrial, redevelopment, Warehouse

Over the past decade or so, the American mall has been pummeled. In 2017, a report issued by global bank Credit Suisse predicted that roughly one in four malls would close by 2022 as a result of shifts in consumer spending habits. And then in 2020, pandemic shutdowns and social distancing delivered another striking blow. While higher-end malls have been able to withstand the onslaught, many Class B and Class C malls in rural areas across the country have not. When Sears, the only remaining anchor tenant at The…