Development of Industrial Real Estate and Distribution Centers
September 22, 2022
1:00pm - 2:30pm
Farrell Fritz partner Peter L. Curry will be presenting a Strafford live webinar on Thursday, September 22. This 90-minute webinar is eligible in most states for 1.5 CLE credits.
Below is a description:
Industrial real estate is a portion of the market that continues to expand with the growth of e-commerce, warehousing, and logistics facilities–the recent economic crisis further impacted COVID-19 pandemic issues. The current buildout of industrial facilities should create more inventory over the next year, but the market remains tight due to supply chain disruptions.
Real estate developers looking to enter the industrial market must consider the issues with zoning and permitting, particularly as prime locations are acquired for other development.
Industrial development is also subject to the current economic woes related to material and labor shortages. Due to the supply chain problems, real estate attorneys working on industrial development should review force majeure provisions to ensure clients have the most robust protection possible. Clients interested in accessing economic incentives must comply with municipal regulations and be prepared for community push back.
When negotiating for industrial development properties, clients should negotiate the right of first refusal, as developers have increasingly wanted to realize near-term gains on developments.
Listen as our expert panel discusses current industrial real estate development trends and what attorneys negotiating deals to acquire and develop such properties must consider.
To learn more and to register, please click here.