Shifting trends in e-commerce, retail, and consumer demands have disrupted the real estate industry over the last few decades and micro-fulfillment has emerged as a strategy to respond to the changing landscape. Is e-commerce blurring the line between retail and industrial? Is there an opportunity to convert under-utilized retail into logistics space such as micro-fulfillment centers and if so, what are the physical attributes that would support such a conversion?
We'll also be exploring the case of micro-fulfillment from the standpoint of public entities including public concerns (traffic, job creation and losses, street activation) and looking at a case study in Fremont, California where industrial space being used for fulfillment has introduced a point of sale for customers.
Join ULI's panel of experts as they discuss the challenges and opportunities that micro-fulfillment present for the real estate industry and the public sector.
Samidha Thakral, VP, Investment Officer, Prologis (Moderator)
Todd Lewis, VP, Prologis Ventures
Donovan Lazaro, Economic Development Manager, City of Fremont
Matthew Taylor, Senior Vice President, CBRE
12:00-12:05 PM Welcome
12:05-12:45 PM Moderated Panel Discussion
12:45-1:00 PM Audience Q&A
This event is not open to press.
Donovan serves as Economic Development Manager for the City of Fremont. A Bay Area native, Donovan is passionate about all aspects of economic development, including development facilitation, long-range planning, industry cluster strategies, workforce development, cross-sector initiatives, and business assistance. He is a vocal champion of Fremont's industrial lands, which encompass over 50 million square feet of flex space and support many of the region's advanced industries, allowing Fremont to claim the unofficial moniker of "Hardware Side of the Bay."
Matt Taylor has worked as a real estate advisor at CBRE after three years overseeing the company's Research department in the Silicon Valley, Palo Alto and San Francisco Peninsula markets. Because of his background in research and forecasting, he is able to provide high level statistical analysis and economic projections. His team is focused on representing high-tech tenants and institutional ownership. Over the past year, he has represented tenants in more than 600,000 SF of leasing transactions. He also represents approximately 3 MSF of office, R&D and industrial property in the Bay Area including the 1.7 MSF Prologis Bayside Portfolio. In 2013, Matt was the recipient of the William H. McAdam Memorial Award, presented to the highest producing first-year sales person throughout CBRE globally. Matt was also named the Association of Silicon Valley Brokers' Rookie of the Year for leadership in real estate transactions leading to the fulfillment of the economic development goals of the Silicon Valley.
Todd Lewis joined Prologis in October 2020 and is Vice President of Prologis Ventures. He has over 8 years of experience working with entrepreneurs and the greater innovation ecosystem. During this time Todd worked across a broad spectrum of technologies supporting the Supply Chain Logistics space, including autonomous vehicles, robotic automation, artificial intelligence, machine learning, aerial drones, as well as SaaS related growth technologies focused on driving digital efficiencies and ecommerce growth. Prior to joining Prologis, he created a new division at UPS focused solely on the venture capital ecosystem and was tasked with rethinking and relaunching their 23 year-old early stage venture arm, UPS Strategic Enterprise Fund, into a modern, robust, capability-driven investment arm, now known as UPS Ventures. Todd has a background in financial management and worked as a financial consultant in the higher education space prior to joining UPS. He received his Bachelors from San Diego State University, his Master of Business Administration from National University, and finalized an executive learning program from Berkeley Haas, School of Business on Venture Capital. He is married and has two daughters, who enjoy traveling and playing at the beach.
Samidha Thakral is Vice President, Investment Officer at Prologis. Prior to joining Prologis, she was Vice President at Lendlease Development where she is responsible for the acquisition and development of projects in the San Francisco Bay Area. Before this, she was Development Director at Equity Residential and Director at Hines. During this time, she led the ground-up development of 1,400 apartment units in San Francisco, 6 million square feet of office and over 500 condominium units valued at over $4 billion. She currently also serves as Vice Chair of the ULI San Francisco Innovation Council that brings together leaders in Real Estate, technology and Venture Capital. Ms. Thakral has a Master’s in business administration from The Wharton School of the University of Pennsylvania and a Bachelor’s in Architecture from the Sushant School of Art & Architecture.