(Read more on the industrial market.)
ATLANTA-The bonuses that can result from renovating dilapidated industrial buildings into corporate headquarters were detailed in a CoreNet Global Summit presentation here about Urban Outfitters' industrial move. The maneuver from Center City Philadelphia to an abandoned Navy Yard was seen by Dick Hayne, CEO, as compatible with the edgy retailer's brand and corporate culture.
Nevertheless, relocating employees from posh Rittenhouse Square to an abandoned industrial site four miles away, represented risk. Consultations with employees were integral to the move. Their first concern was food; the second transportation, since many walked to work.
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