While two- or three-day delivery was enough to appease most internet shoppers just a few short years ago, consumers now want online purchases even faster. As a result, online retailers have entered a race for ultrafast delivery, where goods get delivered within hours instead of days. Ultrafast delivery caught on quickly in the grocery sector during the COVID-19 pandemic, but a broader scope of retailers have begun recognizing that their customers want orders as fast as possible. However, same-day delivery poses significant logistics challenges for these ... Read More
An affiliate of Phoenix Investors ("Phoenix") announced the acquisition of the FUJIFILM ("Fujifilm") Campus in Greenwood, South Carolina. Constructed from the late 80s through the mid-2000s, the Campus includes 11 buildings, 500 acres, and over 2.7 million square feet. Fujifilm has leased back approximately 50% of the Campus; the rest will be marketed for lease to new tenants. Click here to read the full article by MarketWatch.
An affiliate of Phoenix Investors ("Phoenix") announced the acquisition of a Gadsden, AL Campus spanning about 3 million square feet. Renovated in 2015, the industrial property features 30 dock doors, clear heights up to 30 feet, close proximity to I-759 and I-59, and a central location between Atlanta, Birmingham, Huntsville, and Chattanooga. Phoenix will market the space for lease after completing several capital and cosmetic improvements. In the process, the Gadsden area could gain around 1,200 employment opportunities. Click here to read the full ... Read More