Corporate Real-Estate Property

A Corporate Real-Estate Property is a commercial real-estate property that is controlled and utilized by an organization as an operational asset to conduct its business operations.

• Context:
  • It can include various Corporate Building Types and Corporate Facilities tailored to different business functions.
  • It can support diverse operational needs by providing spaces for Administration, Manufacturing, Logistics, and Customer Interaction.
  • It can contribute to business continuity by providing purpose-built spaces that align with organizational goals and productivity requirements.
  • It can support infrastructure requirements, including Parking Facilities and other support amenities for employees and visitors.
  • It can be strategically located for optimal access to clients, suppliers, or talent pools, such as in business districts or near transportation hubs.
  • It can include Mixed-Use Properties that combine retail, office, and residential spaces for versatility and synergy among different functions.
  • It can be managed by a Corporate Real-Estate Property Management Practice.
  • ...
• Example(s):
  • Headquarters and administrative buildings:
    • An Apple Park corporate campus in Cupertino, serving as Apple’s global headquarters with administrative offices, research spaces, and employee amenities.
    • The Microsoft Redmond Campus, providing expansive office and collaborative spaces for technology development and corporate operations.
  • Data Centers:
    • A Google Data Center facility that supports cloud computing and data storage with robust IT infrastructure.
    • An Amazon Web Services (AWS) Facility dedicated to high-performance data processing and cloud services.
  • Manufacturing Facilities:
    • A Nike Factory for manufacturing athletic footwear and apparel, with specialized equipment and processes tailored to production.
    • A Tesla Gigafactory focused on electric vehicle battery production and assembly.
  • Distribution Centers:
    • A Walmart Distribution Center that facilitates product logistics and inventory management for retail operations.
    • An Amazon Fulfillment Center designed for large-scale storage, packaging, and shipping to fulfill online orders.
  • Research & Development Facilities:
    • The Pfizer Research Center focused on pharmaceutical research and development, with specialized labs and equipment.
    • An IBM Research Lab for developing innovative computing technologies and conducting scientific research.
  • Retail Locations:
    • A Starbucks Reserve Roastery, a flagship store designed for immersive customer experiences and retail operations.
    • An Apple Store in a prime retail district, showcasing products and providing customer support.
  • Customer Service Centers:
    • A Verizon Customer Service Center where customer inquiries and technical support are managed.
    • A Call Center for a bank, handling customer service calls and financial queries.
  • Training Centers:
    • A Toyota Training Center for employee development in automotive skills and safety practices.
    • A Google Learning Center for employee training and skill development in technology fields.
  • ...
• Counter-Example(s):
  • Investment Properties held purely for financial returns rather than operational use by an organization.
  • Personal Residences used for living rather than business purposes.
  • Speculative Developments built for future sale or lease to others without a specific operational purpose.
  • Public Buildings owned by government entities for public services rather than private organizational use.
  • Agricultural Land used primarily for farming, not for supporting corporate operations.
  • ...
• See: Corporate Real Estate Management, Corporate Headquarters, Real Property, Business Operations, Commercial Real Estate, Facility Management.

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References

2024

• (Wikipedia, 2024) ⇒ Corporate Real Estate. Retrieved: 2024-11-1.
  • NOTE: Corporate real estate is the real property held or used by a business enterprise or organization for its own operational purposes. It encompasses a variety of facilities to support business functions, such as corporate headquarters, branch offices, and specialized sites.

2001

• (Krumm, 2001) ⇒ P. J. Krumm. (2001). "History of Real Estate Management from a Corporate Perspective." Facilities.
  • NOTE: It emphasizes the role of corporate real estate as an essential asset for organizations, contributing to their operational and strategic goals.

2016

• (Den Heijer, 2016) ⇒ A. C. Den Heijer. (2016). "Managing University Campus – In Theory and Practice."
  • NOTE: It underscores the importance of corporate real estate as a contributor to organizational performance, providing space and facilities aligned with business objectives.

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