In talking with Daniel Herrold, a senior director of Stan Johnson Co., there is plenty of demand from various types of retailers including Burlington, TJ Maxx, Ross Stores, Party City, Michaels, Hobby Lobby, and various fitness chains for that size space, but he still sees some backfill challenges in retails future. Check out the Q&A below to learn more on the subject.

GlobeSt.com: Toys 'R' Us just filed bankruptcy, which some say could mean store closings. How will this affect the market?

Daniel Herrold: I don't see this being overly problematic. Where we are seeing challenges in backfilling vacant space is in the larger department store prototypes – sizes of 100,000 to 200,000 square feet and greater, from the likes of Sears, Kmart, and others. There's simply not that much demand from users in that size range. But for stores in the 20,000 to 40,000-square-foot range, which is the typical Toys 'R' Us footprint, there is strong demand from various types of retailers including Burlington, TJ Maxx, Ross Stores, Party City, Michaels, Hobby Lobby, and various fitness chains. If and when Toys 'R' Us decides to close stores, assuming the real estate is of quality, this will create opportunity for many of the growing retailers.