NOT FOR REPRINT
Page Printed from: globest.com/author/profile/-erika-morphy?page=485
Sign In To follow
The pandemic forced retailers to innovate in both offerings and store formats.
Remote work has allowed people to leave cities in favor of more affordable areas.
Investors are currently sitting on a record $324 billion in dry powder.
A "wait-and-see" approach characterizes most companies' strategies in 2021.
Developed in the late 1980s, the property is next to Pebb's headquarters.
There are reasons that many buyers could be more active in 2021.
The acquisitions include five build-to-suit opportunities and three sale-leaseback and existing assets.
The announcement comes after a highly publicized competition among activist investors.
BentallGreenOak acquired the asset on behalf of an institutional investor.
While there were telework programs before the pandemic, one observer thinks it will take off now.