![]() Ponsen thinks that other retailers and third-party logistics companies are most likely to take over the Bed Bath & Beyond distribution centers. Now read: Bed Bath & Beyond bankruptcy: These retailers could pick up the company’s bones “I don’t think it’s going to be challenging to find tenants for these particular spaces,” he said. He cited in particular Las Vegas and northern New Jersey, where Bed Bath & Beyond has three and two distribution centers, respectively. “This is high-quality, big-box distribution space,” Ponsen said, adding that some markets have a pressing need for that type of center. is in properties built after 2005 that are larger than 500,000 square feet. “They tend to occupy very large, modern distribution spaces.”Īccording to CoStar’s data, 85% of the distribution space that Bed Bath & Beyond occupies in the U.S. “We’re tracking at least 6.1 million square feet of distribution space that they currently lease across the U.S.,” Adrian Ponsen, CoStar Group’s national director of U.S. Warehouse and data-center locations range in size from 189,000 to more than 1 million square feet, according to A&G, and are available in six states: California, Georgia, Nevada, New Jersey, Pennsylvania and Texas.īed Bath & Beyond has at least nine leases for distribution space in key logistics hubs across the U.S., according to real-estate data and analytics company CoStar Group. The real-estate advisory firm and JLL Commercial Real Estate also plan to market a data center owned by Bed Bath & Beyond in Claremont, N.C., as well as leases for warehouses and distribution centers.Īlso read: Bed Bath & Beyond bankruptcy: Hundreds of leases set for auction, pending court approval The plan, which is subject to court approval of bid procedures, encompasses “well-located shopping centers across the country,” according to an A&G statement.
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