Industrial Market May Be Flooded with Yellow-Owned Properties

Looking for an industrial site with lots of truck parking? You could be in luck if real estate assets owned by the trucking company Yellow come on the market. The company filed for Chapter 11 bankruptcy on Aug. 6, and the shutdown is expected to put hundreds of industrial properties up for sale or lease, according to CoStar Group’s August 2023 real estate data update.

Even though most of Yellow’s properties were built before 1985, “one key advantage is that they offer abundant truck parking, which is in short supply in major U.S. markets,” CoStar noted. With truck terminals in most major U.S. cities, Yellow or its subsidiaries have “at least seven facilities” in each of New York, Chicago, and Los Angeles.