What's Hot

    Tax Bill Would Make LIHTC Permanent

    July 2, 2025

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [July 2, 2025] - Tax Bill Would Make LIHTC Permanent
    • [July 2, 2025] - Mesa P&Z Recommends Data Center Zoning Restrictions
    • [July 1, 2025] - Retail Center & Senior Residential Development Planned in Casa Grande
    • [July 1, 2025] - New 108-Room Hotel, Conference Center Planned in S. Phoenix
    • [July 1, 2025] - State Government Shutdown Averted as Hobbs Signs Budget
    • [July 1, 2025] - Industry Professionals 07-01-25
    • [July 1, 2025] - Commercial Real Estate 07-01-25
    • [June 27, 2025] - Arterial Life Cycle Program Covers 20 Years of Street Development
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Retail Center & Senior Residential Development Planned in Casa Grande

      July 1, 2025

      New 108-Room Hotel, Conference Center Planned in S. Phoenix

      July 1, 2025

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Mesa P&Z Recommends Data Center Zoning Restrictions

      July 2, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      Commercial Real Estate 07-01-25

      July 1, 2025

      Commercial Real Estate 06-24-25

      June 24, 2025

      Commercial Real Estate 06-17-25

      June 17, 2025

      Commercial Real Estate 06-10-25

      June 10, 2025

      Industry Professionals 07-01-25

      July 1, 2025

      Industry Professionals 06-24-25

      June 24, 2025

      Industry Professionals 06-17-25

      June 17, 2025

      Industry Professionals 06-10-25

      June 10, 2025

      Arizona Projects 06-27-25

      June 27, 2025

      Arizona Projects 06-20-25

      June 20, 2025

      Arizona Projects 06-13-25

      June 13, 2025

      Arizona Projects 06-06-25

      June 6, 2025

      Tax Bill Would Make LIHTC Permanent

      July 2, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Hobbs, Legislators Reach Water Use Compromise

      June 24, 2025

      Phoenix Delays Data Center Rezone Vote

      June 20, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      NABH Council Partnership Wants to Expand Workforce Pipeline

      June 17, 2025

      Project Abandonments Hit a Record in May

      June 13, 2025

      U.S. Construction Added 4,000 Jobs in May

      June 10, 2025

      Tax Bill Would Make LIHTC Permanent

      July 2, 2025

      Mesa P&Z Recommends Data Center Zoning Restrictions

      July 2, 2025

      Retail Center & Senior Residential Development Planned in Casa Grande

      July 1, 2025

      New 108-Room Hotel, Conference Center Planned in S. Phoenix

      July 1, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Economic Development » Amazon Discussing Retail-to-Distribution Conversions
    Economic Development

    Amazon Discussing Retail-to-Distribution Conversions

    BEX StaffBy BEX StaffOctober 14, 2020No Comments2 Mins Read
    Credit: Amazon
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Joe Dyton for The Broker List 
    Mall owner Simon Property Group and Amazon are in talks to turn J.C. Penney and Sears stores into distribution centers, according to The Wall Street Journal. Both department store chains filed for Chapter 11 bankruptcy and closed stores across the country. Simon malls have 63 J.C. Penney stores and 11 Sears, according to the company’s May public filing. The number of stores Amazon is interested in has not been reported. 
    A potential deal falls in line with Amazon’s plans to create more distribution hubs close to residential to accelerate deliveries. It goes against Simon’s and other malls’ business model however, which is rely on anchor department stores to attract foot traffic that will also head to smaller stores as well as restaurants. 
    Unfortunately, the mall model has struggled in recent years. Many department stores have suffered the same fate as J.C. Penney and Sears. 
    Stores’ Loss is Amazon’s Gain 
    When big box department stores close, they often leave behind more than 100KSF on multiple levels. Their closure also hurts smaller mall tenants who count on the department store foot traffic to stop into their stores as well. A lot of the smaller stores have clauses that allow for lower rents or complete lease breaks if the anchor store remains vacant. 
    An Amazon fulfillment center taking the department stores’ place could possibly keep those clauses in place, but some landlords believe that situation beats keeping such a big space empty. Other mall tenants might not be as excited about an Amazon deal however. A lot of brick and mortar retailers blame the company for hurting their businesses. A neighboring Amazon fulfillment center could make competition that much steeper for local retail stores. 
    Plus, Amazon would not bring much, if any, of the foot traffic that a store would. Landlords (might) prefer the empty spaces be leased to an actual retailer, gym, theater or entertainment operator, according to industry sources.  
    Read more at The Broker List. 

    Amazon attrition B+E coronavirus COVID-19 distribution distribution hub J.C. Penney Malls pandemic retail Sears Simon Property Group vacancy warehouse
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    Bullhead Resort in Limbo After Continued No-Shows at Land Auction

    June 20, 2025

    Mesa Considering $6.36M in Tax Incentives for SimonCRE Development

    June 20, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Tax Bill Would Make LIHTC Permanent

    July 2, 2025

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Federal

    Tax Bill Would Make LIHTC Permanent

    July 2, 20250

    By National Council of State Housing Agencies (On June 16), Senate Finance Committee Chairman Mike…

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Tax Bill Would Make LIHTC Permanent

    July 2, 2025

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.