Office, restaurant and retail landlords may have to evolve if consumer and business habits change.

Phase 1 of Legacy Square was completed in late 2019 with the opening of a 185,000/-square-foot Walmart Supercenter and seven finished pad sites. Phase two is now under construction and will open in early 2021.

Fannie Mae and Freddie Mac have announced forbearance measures, private label CMBS is generally not offering broad relief to borrowers.

Owners planning to sell assets this year have pushed plans back as part of a strategic shift to respond the pandemic.