Heading to a Walmart to buy some supplies? Look around, because you might be able to pick up part of your last-mile distribution real estate strategy.
For some years, Walmart has been closing some locations, which then go on sale. Increasingly, these empty big boxes are being acquired by warehouse and fulfillment providers.
"When you're a retailer that big, it's not unusual to evaluate the market," Richard Abramson, co-chairman of both the real estate department and real estate special opportunities group at law firm Cole Schotz, tells GlobeSt.com. "Maybe they move to a different location in the market [because the old one] was under performing and they don't want to invest in it as a retail store."
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