The first Sysco To Go store opened last week in a former Bed Bath and Beyond; US Foods and Gordon Food Service each operate over 100 retail stores including many repurposed Big Box spaces
This is the kind of smart repositioning that makes you wonder: why aren’t more landlords pursuing adaptive reuse before vacancies drag down NOI and trigger valuation doom loops?
Sysco, US Foods, and Gordon Food Service are quietly building a playbook that answers the Extend & Pretend trap,not by slashing rents, but by transforming underutilized big-box retail into productive, logistics-friendly, cash-carry assets that serve real demand.
What if cities partnered with these types of high-volume but non-credit tenants and smoothed permitting for retrofit conversions? We’re not short on square footage,we’re short on imagination and flexibility in how we treat value.
This is the kind of smart repositioning that makes you wonder: why aren’t more landlords pursuing adaptive reuse before vacancies drag down NOI and trigger valuation doom loops?
Sysco, US Foods, and Gordon Food Service are quietly building a playbook that answers the Extend & Pretend trap,not by slashing rents, but by transforming underutilized big-box retail into productive, logistics-friendly, cash-carry assets that serve real demand.
What if cities partnered with these types of high-volume but non-credit tenants and smoothed permitting for retrofit conversions? We’re not short on square footage,we’re short on imagination and flexibility in how we treat value.