Vala, which houses more than 200 shops, is already equipped with solar panels, a reserve generator and back-up batteries.

The portfolio comprises two facilities in the Grand Rapids MSA, 5460 Executive Pkwy. in Grand Rapids and 1865 Industrial Dr. in Grand Haven, Mich.

Cost increases have been especially hard on developers who rely on wood frame construction to build low- and mid-rise buildings.

Day one of the ICSC virtual conference focused on how retailers and landlords plan to rebound from the current situation.