(Read more on the industrial market.)

ATLANTA-The bonuses that can result from renovating dilapidatedindustrial buildings into corporate headquarters were detailed in aCoreNet Global Summit presentation here about Urban Outfitters'industrial move. The maneuver from Center City Philadelphia to anabandoned Navy Yard was seen by Dick Hayne, CEO, as compatible withthe edgy retailer's brand and corporate culture.

Nevertheless, relocating employees from posh Rittenhouse Squareto an abandoned industrial site four miles away, represented risk.Consultations with employees were integral to the move. Their firstconcern was food; the second transportation, since many walked towork.

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