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Mindspace will establish a 42,000-square-foot facility at the Wanamaker Building in Philadelphia. It is the firm’s third US location that also includes facilities in San Francisco and Washington, DC. PHILADELPHIA—Co-working office space provider Mindspace has signed a management agreement with an affiliate of Rubenstein Partners, L.P. to open its first location in the City of
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Photo by Shutterstock There is a former shopping mall in Euclid, Ohio, that is now an 857,000-square-foot fulfillment center for Amazon. It is located within 60 miles of 3.4 million consumers, close to major highways and near several bus stops, which are useful for low-income warehouse workers. Newmark Knight Frank tells of this fulfillment center
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WASHINGTON, DC—In recent years, the “shared” economy has moved from the economic fringes to the mainstream. The concept resonates with consumers for various reasons but it is worth exploring why it makes sense from a business perspective. The answer is space arbitrage. Space arbitrage enables a business to capitalize on the potential to offer physical
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Online retailers are moving into bricks-and-mortar locations. A new report from CBRE shows a 367% increase in online retailers opening up physical locations in Southern California over the last four years. Online retailers are seeing the benefits of having a storefront, including increased sales, better customer connection and a way to standout in a crowded
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