Corporate Real-Estate Property
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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.
- ...
- Headquarters and administrative buildings:
- 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.
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.