The Myth of Broom Clean in Industrial Assets

April 6, 2019 | By John Salustri

Don’t you just hate when this happens to you? Your tenant has vacated and now you launch into the cleanup. You know, the standard stuff, like the removal of enough dirt to total $300,000 in disposal costs. Wait. What?

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Avoiding Disputes Over the Condition of Industrial Properties Upon Surrender

March 3, 2015 | By Michael L. Allen, Esq.

In any well-crafted lease, clear and careful drafting avoids disputes between landlord and tenant—and the resulting acrimony and expense. This is no less true with provisions addressing the condition of the property upon tenant's surrender at the end of the lease term.

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Striking a Balance

April 18, 2015 | By Leah Grout Garris

Industrial facilities can be somewhat of a balancing act, says Kent Walling, director of operations at commercial real estate company Taylor & Mathis in Kennesaw, Georgia. “You have to find the right match between property management, maintenance and the responsibilities of the owner versus those of the tenant.” Although maintaining the building systems within an industrial space doesn’t always fall to the property manager, Walling says it’s still the property manager’s responsibility to work directly with tenants to keep up with preventive maintenance.

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Industrial Strength Sustainability

May 12, 2016 | By Jessica Bates

The word “industrial” is more likely to conjure up images of billowing smokestacks and miles of concrete than solar panels and bike racks, but innovative industrial property professionals are proving that industrial can be just as “green” as the office sector. Industrial properties present their own set of challenges around sustainability, but the payoffs are significant. Due to the sheer size of most industrial properties, even small reductions in energy usage can make a big difference. As the market becomes more competitive, property management companies that offer strategies to reduce operational costs may get a significant boost in both attracting and retaining tenants.

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A Culture of Teamwork

November 8, 2016 | By Courtney C. McKay, CAE

As commercial real estate firms look to rebalance their portfolios with more lucrative industrial assets, property managers with years of experience in the office sector might find themselves thrust into a new role, managing an industrial property for the first time. Due to the unique nature of industrial properties and their tenants, this transition requires preparation.

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The Next “Industrial Revolution”

March 7, 2015 | By Courtney C. McKay, CAE

The U.S. industrial sector, long considered the hottest in the commercial real estate industry, even in the midst of a slow economic recovery, isn't showing any signs of cooling just yet. According to industry experts, no matter what criteria you use to measure its success—vacancy rates, rental rates, new construction—industrial is booming.

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