CHICAGO, IL—Retail real estate left behind by the retail industry's evolution can find new life as warehouses and e-commerce distribution centers, and more than 800,000 square feet of space in Chicago have the potential for conversion, according to a new report from CBRE detailing 24 such conversion projects across the US. Midwestern locations in Detroit and Ohio also figured prominently in CBRE's research.
CBRE found various types of retail-to-warehouse conversions, including demolition of obsolete malls to be rebuilt as warehouses in Baltimore, Atlanta, Chicago, Detroit and several markets in Ohio.
Other retail structures were left standing and repurposed for industrial uses, including a former Toys 'R' Us in Milwaukee now occupied by a business that remanufactures transmissions, and Sam's Club's conversions of several of its stores to distribution centers.
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