NEW YORK CITY—“No business is internet-proof” said Stan Glantz, VP, Development & Construction at Katz Properties, LLC. However, the panel agreed that certain sectors including medical, industrial, entertainment and education require a brick-and-mortar presence to provide services.
Some companies are making a point to build mixed-use developments, so these types of businesses can bring new customers to other tenants' businesses. Speakers in the session “'Internet-Proof' Net Lease Sectors: Industrial, Healthcare, Casual Dining & More” at the RealShare Net Lease Conference in New York City on April 4-5 explained ways disruption is changing businesses.
H. Guy Leibler, president of Simone Healthcare Development, said 30 or even 10 years ago, no one would think of adding hospital healthcare services to a shopping mall. But today, one of his clients, a regional hospital system is looking to take over an 80,000 square-foot Macy's to build an ambulatory center in a shopping center and the mall owner is thrilled.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
