Dying malls have a viable use case: conversion into logistics facilities, according to a new report from Prologis. This is not exactly news: such projects have long been hyped as the answer to struggling class C and class D malls. The problem was, there have been only a few successful projects.
That may be changing. Last month, the Wall Street Journal reported that Simon Property Group has been exploring with Amazon the possibility of turning some of its anchor department stores into Amazon distribution hubs.
In short, the tide may finally be turning for these projects, the Prologis report finds.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
