June 30, 2015
Philip Rosen, co-head of Weil’s Real Estate Practice, was recently interviewed about how the growth of e-commerce has impacted the industrial real estate sector. Mr. Rosen has advised on four of the five largest industrial deals in recent history, including most recently advising KTR on its $5.9 billion sale of real estate assets and its operating platform to Prologis Inc. In the interview, Mr. Rosen explains how the rise in e-commerce and the decline of traditional retail has led to more deals in the industrial sector because these retailers are seeking industrial space close to city centers to create logistics hubs to deliver goods more quickly—serving a growing demand by consumers that is quickly becoming the industry norm. He goes on to discuss the differing needs of e-commerce companies and residential developers, who have also more recently been interested in acquiring industrial real estate. Lastly, he covers what can be expected to happen in the sector in the next few years.