Follow our list of many of the leading industry players, with information specific to their operations, real estate holdings, and services. For ease of use, the Buildings Census is divided into five general categories: Building Ownership and Development (firms that develop, own, and/or manage properties); Building Management (third-party management firms that handle real estate properties for others); Corporate Real Estate (facilities departments within major corporations that handle the company’s real estate activities); Institutional Owners (facilities/physical plant departments responsible for the real estate needs of major healthcare and educational organizations); and Government Agencies (facilities/physical plant/support services departments responsible for the real estate needs of federal government-related agencies).
While every attempt has been made to make The A List and the Buildings Census as complete and correct as possible, we cannot guarantee the accuracy of this online information.
**NOTE: Numbers in parentheses refer to square feet in millions. The asterisk indicates that information was provided directly to Buildings magazine.
Wal-Mart Stores Inc. (757.6)
The world’s No. 1 retailer continues to dominate the corporate facilities market with 1,209 traditional Wal-Mart Discount Stores, 1,980 Supercenters, 567 SAM’S CLUBs, and 100 Neighborhood Markets in the United States. At the end of its fiscal year on January 31, this big-box giant posted net sales of $312.4 billion. Its Wal-Mart Stores segment, made up of traditional Discount Stores, Supercenters, and Neighborhood Markets, is the largest of its businesses, accounting for 67.2 percent of its sales and also for the bulk of the company’s total square footage. Wal-Mart stores span a whopping 498.5 million square feet of space globally. Supercenters average approximately 187,000 square feet and offer a wide assortment of general merchandise and a full-line supermarket. Discount Stores, which average approximately 102,000 square feet, offer a wide selection of general merchandise and a limited variety of food products. Neighborhood Markets, which average around 42,000 square feet, reverse the concept of the Discount Stores, offering a full-line supermarket with a limited assortment of general merchandise. Accounting for 12.7 percent of Wal-Mart’s sales for the fiscal year, the SAM’S CLUB segment boasts a total of 73.4 million square feet globally and averages approximately 129,000 square feet in size. Wal-Mart has also decided to invest approximately $500 million annually in technologies to reduce greenhouse gases at its existing store base by 20 percent over the next 7 years, design and open a viable store prototype that is 30-percent more efficient within the next 4 years, and reduce solid waste from its stores by 25 percent in the next 3 years.
The Home Depot Inc. (252.1)
The world’s largest home-improvement chain ranks second only to Wal-Mart as the largest retailer in the United States. As of January 31, the end of FY05, the company operated 1,793 The Home Depot stores in the United States, Puerto Rico, and the Virgin Islands. During the fiscal year, the company opened 110 new stores, including four relocations, in the United States. The company also operates 58 other retail store locations: 35 EXPO Design Center stores in Arizona, California, Florida, Georgia, Illinois, Maryland, Massachusetts, Missouri, New Jersey, New York, Tennessee, Texas, and Virginia; three The Home Depot Supply stores in California and Arizona; 11 The Home Depot Landscape Supply stores in Georgia and Texas; two The Home Depot Floor Stores in Florida and Texas; and eight Contractors’ Warehouse stores in California. Of the company’s 2,042 stores at FY05’s year end, approximately 87 percent of the stores were owned, consisting of 186.6 million square feet. Approximately 13 percent of the stores, consisting of approximately 28.2 million square feet, are leased. In Canada, the company operates 137 stores in 10 provinces. Twenty-one of these stores were opened in FY05, including one store relocation. The Home Depot stakes its Mexican presence on the success of 54 stores, 10 of which opened during the last fiscal year. The executive, corporate, and divisional staffs and financial offices occupy about 1.9 million square feet of leased and owned space in Atlanta. Divisional store support centers occupy approximately 4.2 million square feet, of which about 2.3 million is owned and 1.9 million is leased. Primary support centers are located in Orange, CA; Washington, D.C.; Tampa, FL; Atlanta; Arlington Heights, IL; Canton, MA; South Plainfield, NJ; Austin, TX; Dallas; Tukwila, WA; Toronto, Ontario; Quebec; Monterrey and Juarez, Mexico; and Shenzhen and Shanghai, China. The company also uses about 31.2 million square feet of warehousing and distribution space, of which 3.2 million is owned and approximately 28 million is leased. The company plans to open between 400 and 500 new The Home Depot stores by 2010.
Ford Motor Land Development Corp. (240.2)
Established in 1970, Ford Motor Land Development Corp., a wholly owned subsidiary of Ford Motor Co., is a full-service provider of real estate, construction, and facility services to many customers, including its parent company. Ford Land is best known for the development of the business, residential, retail, and recreational community surrounding Ford Motor Co.’s headquarters. 310 Office Campuses and Buildings worldwide: 8.5 million square feet. Industrial Buildings worldwide: 231.7 million square feet.
Federated Department Stores Inc. (158.5)
When the merger between Federated Department Stores, owner of Macy’s and Bloomingdale’s, and rival May Department Stores Co. was finalized, the deal left Federated with 500 new department stores (Famous-Barr, Filene’s, Foley’s, Hecht’s, Kaufmann’s, L.S. Ayres, Marshall Field’s, Meier & Frank, Robinsons-May, Strawbridge’s, and The Jones Store) and 700 bridal and formalwear stores from May’s Bridal Group division. The company is now in the process of divesting approximately 80 duplicate store locations and will convert the remaining stores to the Macy’s nameplate throughout 2006 and 2007. It also plans to sell the bridal group stores, which operate under the names of David’s Bridal, After Hours Formalwear, and Priscilla of Boston. It also recently agreed to sell its 48-store Lord & Taylor department-store chain. Operating its stores in seven regional divisions - Macy’s East, Macy’s Florida, Macy’s Midwest, Macy’s North, Macy’s Northwest, Macy’s South, and Macy’s West - Federated now operates 868 retail stores in 45 states, the District of Columbia, Puerto Rico, and Guam, comprising a total of approximately 158.5 million square feet. Of these stores, 468 are owned, 281 are leased, and 119 stores are operated under an arrangement where the company owns the building and leases the land.
Lowe’s Cos. Inc. (140)
The No. 2 home-improvement chain’s expansion strategy led to the opening of 150 stores in FY05, bringing total stores to 1,234 and total square footage to 140 million square feet. New Lowe’s stores fall into one of two prototypes: 116,000-square-foot stores for large markets or 94,000-square-foot stores for smaller markets. Both prototypes include a lawn and garden center, averaging an additional 31,000 square feet for the larger locations and 26,000 square feet for the smaller ones. Last year, the retailer also re-merchandised 179 of its earlier-format stores to make them more closely resemble the new store prototypes. This project included moving entire departments; improving adjacencies; improving the shopping experience in the cabinetry, appliances, paint, fashion, plumbing, and flooring departments; and adding all new interior graphics, signage, and wayfinding materials. Lowe’s also owns and operates 11 regional distribution centers and 10 flatbed distribution centers; a facility to handle special-order plumbing products, import products, and Internet fulfillment; and offices in Mooresville and Wilkes County, NC. Last summer, the company introduced its Canadian expansion strategy; initial plans call for opening between six and 10 stores in the Greater Toronto area in 2007.
The Boeing Co. (89)
The world’s largest aerospace company also holds the title of the No. 2 maker of larger commercial jets behind Airbus and the No. 2 defense contractor behind Lockheed Martin. It operates two major business segments: Commercial Airplanes and Integrated Defense Systems (IDS). Commercial Airplanes occupies approximately 38.2 million square feet of owned floorspace and 2.7 million of leased area, while IDS occupies about 33.2 million square of owned space and 11 million square feet leased. Space includes manufacturing, warehousing, engineering, administration, and what Boeing refers to as “other productive uses.” Ninety-seven (97) percent of Boeing’s square footage is located in the United States.
Safeway Inc. (80.8*)
One of America’s largest food retailers, Safeway operates 1,770 stores primarily in the Midwestern, Mid-Atlantic, and Western states, as well as Western Canada. It also operates regional supermarket chains such as The Vons Cos. Inc. in California; Dominick’s Finer Foods in Chicago; Carr-Gottstein Foods in Alaska; Genuardi’s Family Markets in the eastern United States, and Randall’s Food Markets in Texas. The rise of organic and “natural” grocery chains has put pressure on Safeway to dabble in this market. The new, larger “Lifestyle” store is an average of 55,000 square feet vs. the traditional Safeway average of 45,000 square feet. Lifestyle stores feature expanded selections of perishable foods, organic products, and other high-end amenities not found in the traditional Safeway stores. Lifestyle stores now account for 25 percent of Safeway’s store base. 1,770 Chain Stores*: 80.8 million square feet. Dollar Volume of Spending in 2006 Devoted/Estimated Toward Facilities*: Capital, $1.6 billion. Projects in New Construction and/or Modernization (Completed in 2006)*: New Construction, 20 stores; Modernization, 280 stores.
Walgreen Co. (66)
The No. 1 sales leader in the competitive U.S. retail drugstore marketplace, Walgreen has 5,294 total stores in 46 states and Puerto Rico as of June 30, 2006. The stores encompassed 55.4 million square feet of space as of Aug. 31, 2005. The company also operates three mail-service facilities totaling 252,000 square feet, as well as 11 principal office facilities containing approximately 1.7 million square feet. The company’s retail drugstore operations are supported by 12 major distribution centers with a total of approximately 8.1 million square feet of space in all distribution centers, of which 6.8 million square feet is owned. To support store expansion, the company also opened four distribution centers in the past 4 years (the most recent one in Moreno Valley, CA, in 2004). That same year, Walgreen broke ground on the first of a “new-generation” distribution center in South Carolina that is scheduled to open in 2007. Walgreen opened 435 new stores in FY05. It continues to pursue aggressive growth and anticipates operating more than 7,000 stores by 2010. Also during FY05, the company added $1.2 billion to property and equipment, including $1.1 billion related to stores, $103 million for distribution centers, and $113 million related to other corporate items. Projected capital expenditures for 2006 are expected to be approximately $1.4 billion. Walgreen also owns 10 strip shopping malls containing 534,000 square feet, of which approximately 229,000 square feet is leased to others.
Costco Wholesale Corp. (65)
Costco reigns supreme in the land of wholesale club operations, ranking as No. 1. Costco currently operates 480 warehouses, including 351 in the United States and Puerto Rico, 68 in Canada, 18 in the United Kingdom, five in Korea, four in Taiwan, five in Japan, and 29 in Mexico. The company plans to open an additional eight or nine new warehouses prior to the end of FY06 on Sept. 3, 2006. While most Costco stores are standalone warehouses, the company has begun opening outlets in malls to grow in congested, metropolitan areas. Los Angeles is one such example. The company also operates two Costco Home stores, which sell furniture, and is planning for a third store. Another division, Costco Wholesale Industries, operates manufacturing businesses, including food packaging, meat processing, optical laboratories, and jewelry distribution. Costco warehouses serve at least 47 million members. For FY05, Costco reported 59 million square feet in warehouse space, 361,000 square feet in executive-office space, 309,000 square feet in eight regional offices, and 5.3 million square feet in nine depots (regional cross-docking facilities for the consolidation and distribution of shipments).
Hewlett Packard Co. (65)
Palo Alto, CA
Since Hewlett Packard’s $19-billion acquisition of rival PC-manufacturer Compaq in 2002, the company has continued to integrate its operations. Now consisting of seven business units - Enterprise Storage and Servers (ESS), HP Services (HPS), Software, the Personal Systems Group (PSG), the Imaging and Printing Group (IPG), HP Financial Services (HPFS), and Corporate Investments - HP owns or leases approximately 65 million square feet of space. 14 million square feet are dedicated to sales/support operations; 51 million square feet are dedicated to manufacturing, R&D, and administrative offices. The company serves more than 1 billion customers in more than 170 countries on six continents.
Dillard’s Inc. (56.7)
Little Rock, AR
Dillard’s owns 330 department stores in 29 states, spanning the central United States and the Sunbelt. Fifty-one stores are located in the Western region, 124 stores in the Eastern region, and 155 stores in the Central region. Square footage for these stores totals 56.4 million. In numerous malls, Dillard’s employs a unique concept - the double anchor. Rather than closing a store when it buys in a space where it already has a presence, the retailer uses the additional store for merchandising. Typically, it places women’s clothing, children’s clothing, and home furnishings in one location, and the men’s and juniors’ departments in the other. Besides its retail facilities, the company also owns eight regional distribution facilities located throughout the United States and 300,000 square feet of executive office space in Little Rock, AR.
Kohl’s Corp. (56.6)
Menomonee Falls, WI
Rapid growth is fast becoming the hallmark of this leading discount department-store chain. In 2005, Kohl’s opened 95 new stores; it opened an additional nine stores by March 2006, bringing its total locations to 741 stores. Since 1992, the company has expanded from 79 stores in the Midwest with a presence now spanning six regions: the Midwest, Mid-Atlantic, Northeast, South Central, Southwest, and Southeast. In FY05, the company opened 95 stores, increasing its presence in the Southwest region with an additional 13 stores. It entered the Buffalo, NY, market with three stores; the Orlando, FL, market with six stores; and the Jacksonville, FL, market with three stores. Additionally, Kohl’s added 22 stores in the Midwest region, 13 stores in the South Central region, 12 stores each in the Southeast and Mid-Atlantic regions, and 11 stores in the Northeast region. FY06 will continue to be a year of growth for Kohl’s. Management intends to open between 80 and 85 new stores, including 17 in the first quarter. The newest expansion target is the Pacific Northwest, with Portland and Seattle metro regions as the initial areas of entry. As of Jan. 28, 2006, the company reported 56.6 million square feet in store space. Kohl’s also owns and occupies an undisclosed amount of square footage in seven regional distribution centers, its corporate headquarters, and an e-commerce fulfillment center. It also leases an eighth regional distribution center.
Lockheed Martin Corp. (55)
The world’s No. 1 defense contractor (ahead of Boeing and Northrop Grumman) relies heavily on business from the U.S. government, which makes up about 85 percent of its sales. The company has reorganized and is consolidating its divisions in an attempt to cut $3 billion. Still, it remains a defense- and aerospace-industry stalwart. Lockheed Martin operates 473 facilities, including offices, manufacturing plants, warehouses, service centers, laboratories, and other facilities throughout the United States. The company owns 48 locations with a total of 30 million square feet and leases space at 425 locations with a total of 25 million square feet. Lockheed Martin also manages or occupies various government-owned facilities.
Northrop Grumman Corp. (55)
Los Angeles, CA
Following a spate of acquisitions in 2001 and 2002 that brought such companies as Litton Industries, Newport News, and TRW into the Northrop Grumman fold, the company has climbed to the ranks of the world’s No. 1 shipbuilder and No. 3 defense contractor. It operates eight sectors: Electronic Systems (radar, navigation, communications), Integrated Systems (aircraft), Ship Systems, Information Technology, Newport News (nuclear submarines and carriers); Mission Systems (command and control systems and missiles), Space Technology, and Technical Services. The latter was created this year in a move to consolidate Northrop’s logistics operations across some of the other sectors. Total square footage equals 55 million. Northrop Grumman’s portfolio of buildings totals 2,274 with approximately 536 U.S. locations. Of the square footage, 54 percent is owned, 42 percent is leased, and 4 percent is government-owned or -leased. The company also leases about 926,000 square feet of its owned and leased facilities, and has vacant floorspace of approximately 992,000 square feet.
CVS Corp. (53.6)
CVS vastly increased its size with the 2004 acquisition of some 1,260 Eckerd drugstores and 700 Sav-On and Osco stores from Albertsons Inc. this year. It now operates 6,205 stores in the United States. As a result of these acquisitions, CVS now fills about 14 percent of U.S. retail prescriptions, and operates in 71 of the top 100 U.S. drugstore markets. In about 50 of these markets, CVS holds the No. 1 or No. 2 market share. In the coming year, CVS plans to spend $400,000 per store on improvements to the Osco and Sav-On acquisitions. The retailer has also agreed to acquire Minneapolis-based MinuteClinic, an operator of health clinics inside retail stores, including 66 CVS locations. CVS also owns a benefit management and specialty pharmacy subsidiary (PharmaCare Management Services Inc.). Square footage as of Dec. 31, 2005, was approximately 53.6 million. Retail: 45 million square feet. Distribution: 7.7 million square feet. Headquarters and Other Offices: 684,000 square feet. Mail-Order Services: 215,000 square feet.
Gap Inc. (52.3)
San Francisco, CA
In 1969, Donald and Doris Fisher opened a small store near what is now San Francisco State University. They named the store The Gap (to symbolize the “generation gap”) and sold Levi’s jeans. By the end of 1970, there were six The Gap stores. The company went public 6 years later and now includes seven chains (The Gap, Banana Republic, Old Navy, Forth & Towne, GapBody, GapKids, and babyGap.) The Gap operates 3,070 stores in the United States, Canada, the United Kingdom, France, and Japan. The company started its Forth & Towne chain, which targets women 35 and older, in August 2005. Five Forth & Towne stores opened in Chicago and West Nyack, NY, in 2005. This year, the chain will expand to three stores in Atlanta, two in Houston and Seattle, and single stores in Los Angles and San Francisco/San Jose. By the end of 2007, The Gap plans to open 30 more Forth & Towne locations. The company plans to open 175 stores and close 135 stores in 2006, for a net opening figure of 40 stores. Chain Stores: 38 million square feet. Office Buildings: 2.7 million square feet. Distribution and Warehousing Facilities: 11.6 million square feet.
Whirlpool Corp. (51.7)
Benton Harbor, MI
Whirlpool manufactures and distributes some of the most-recognized names in appliances - Admiral, Amana, Jenn-Air, Maytag, KitchenAid, Bauknecht, Roper, Speed Queen, Whirlpool, Kenmore, and Sears. The company is streamlining following the recent acquisition of Maytag. This year, the company intends to lay off at least 4,500 employees, consolidate duplicated administrative and manufacturing functions, and shutter some offices, including a research and development center in Newton, IL. The company occupies approximately 51.7 million square feet of space for manufacturing, service, administrative, warehousing and distribution, and sales functions. More than 21.1 million square feet of this space is under lease.
Raytheon Co. (42.8)
Raytheon has maintained a stronghold in the competitive U.S. defense contractors’ arena, following closely on the heels of Lockheed Martin, Boeing, and Northrop Grumman. Besides manufacturing missile systems, radars, and reconnaissance, targeting, and navigation systems, the company also makes radios, air traffic-control systems and radars, and satellite communications systems. This diversity works. The company’s profits have more than doubled (from $417 million in 2004 to $871 million in 2005). Worldwide sales were $21.9 billion last year, with the U.S. government accounting for about 74 percent of those sales. As of Dec. 31, 2005, the company owned, leased, and used approximately 42.2 million square feet of floorspace for manufacturing, engineering, research, administration, sales, and warehousing, with 92 percent of this space in the United States. As of Dec. 31, 2005, the company also had 593,000 square feet of additional floorspace not in use, including 279,000 square feet in company-owned facilities.
Rite Aid Corp. (42.5)
Camp Hill, PA
The nation’s No. 3 drugstore chain operates 3,323 retail drugstores nationwide. Stores range in size from 5,000 square feet to 40,000 square feet. The overall average square footage of each store is about 12,800 square feet. Estimated average square footage for retail stores based on the average of 12,800 per store is approximately 42.5 million. The company is revamping its store prototype to be used in its new store and store relocation programs. Under this program, stores will have an overall average selling square footage of 11,500 and overall average total square footage of 14,500. The company plans to add between 800 and 1,000 stores by 2010. Rite Aid owns its 205,000-square-foot headquarters building and leases 100,000 square feet for additional administrative personnel.
Nordstrom Inc. (23.7)
Nordstrom, the country’s largest upscale apparel and shoe retailer, operates 187 stores - including both Nordstrom Full-Line department stores and discounted Nordstrom Rack stores. The company also operates a clearance store, a freestanding shoe store, and more than 30 Façonnable boutiques, primarily in Europe. Square footage for Full-Line stores totals approximately 19.1 million, while Nordstrom Rack stores span 4.6 million total square feet nationwide. The company also owns six merchandise distribution centers that service the bricks-and-mortar stores; one mail-order fulfillment center for its Nordstrom Direct operations, which operates on leased land; and a combination of owned and leased administrative space. Square footage for these properties is undisclosed. The company reports that it will be relocating its Full-Line store in Canoga Park, CA, this year, and increasing square footage to 200,000 from 154,000. In March, Nordstrom also opened one Full-Line store in Palm Beach Gardens, FL, and plans to open one Nordstrom Rack store in San Marcos, CA, this fall. Expansion plans for 2007 include opening four additional Full-Line stores.
Intl. Business Machines (IBM) Corp. (22)
IBM has undergone significant change over the past few years - the largest being the divesture of its PC operations to Lenovo in 2005. Even with this sale, the company remains the world’s top provider of computer products and services, manufacturing mainframes and servers, storage systems, and peripherals. It also ranks No. 2 in the software industry behind Microsoft. As of Dec. 31, 2005, IBM’s U.S. manufacturing and development occupied 22 million square feet of floorspace, of which 17 million is owned and 5 million is leased. Three million square feet of this space, as of Dec. 31, is vacant, while another 1 million is being leased to non-IBM businesses.
Circuit City Stores Inc. (20.9)
The No. 3 consumer electronics retailer behind Best Buy and Wal-Mart operates 631 stores in 45 states -
626 superstores and five other stores in 158 U.S. markets. Circuit City’s international segment, which is comprised of the operations of InterTAN Inc., sells private-label and brand-name consumer electronics products in Canada through 954 retail stores and dealer outlets. These include 540 company-owned stores, 300 dealer outlets, 93 Rogers Plus® stores, and 21 Battery Plus® stores. As the result of ongoing litigation with Radio Shack, the international segment has re-branded most of its company-owned stores and dealer outlets to The Source by Circuit City during FY06. Current square footage information was not available; however, total square footage for 2005 tallied 20.9 million for retail operations in the United States with a total of 622 domestic stores.
Microsoft Corp. (19.1)
The world’s No. 1 software company regrouped in 2005 to streamline operations and speed up business execution across its divisions. The company’s units include Microsoft Platform Products and Services, Microsoft Business, and Entertainment and Devices. Desktop applications remain the company’s flagship business; over the years, however, Microsoft has carved out niches with expanded product lines, including enterprise software, computer peripherals, videogame consoles, Internet access services, and software development tools. Square footage includes 9.3 million square feet in U.S. office space, including 7.5 million of owned space on more than 395 acres of corporate campus. Also, 576,000 square feet is owned outside the Greater Seattle area, and 2.4 million square feet of domestic office building space is leased. Internationally, 6.3 million square feet is leased and 536,000 square feet is owned. Last May, the Redmond, WA, City Council approved Microsoft’s proposed development agreement for an additional 2.2 million square feet of facilities at the company’s main campus. Microsoft also owns 63 acres of land in Issaquah, WA, which can accommodate 1.2 million square feet of office space.
Johnson & Johnson (18.7)
New Brunswick, NJ
This diversified healthcare product manufacturer’s consumer segment produces over-the-counter drugs, as well as products for skin, hair, baby care, oral care, first aid, and women’s health. This year, it announced that it plans to purchase Pfizer’s consumer unit, a move that will make it the world’s largest consumer healthcare company. Johnson & Johnson’s pharmaceutical unit makes prescription drugs for such ailments as cancer, pain, gastrointestinal issues, mental health problems, and cardiovascular disease, among others. The company’s medical devices and diagnostics unit manufactures an array of products, including medical-monitoring devices, surgical equipment, and disposable contact lenses. Johnson & Johnson has more than 230 operating companies worldwide. It operates 142 manufacturing facilities occupying approximately 18.7 million square feet of floorspace. Within the United States, five facilities are used by the consumer segment, 43 by the medical devices and diagnostics segment, and 15 by the pharmaceutical segment. In addition to these manufacturing facilities, Johnson & Johnson maintains numerous office and warehouse facilities throughout the world.