Tuesday, January 14, 2014

15-building industrial park sold in Medley

Medley may be a small submarket in the Miami area, yet it is home to one of the largest transactions in recent times, as real estate services company CBRE recently arranged the sale of Medley East & Hialeah Gardens Industrial Parks. The portfolio consists of 15 distribution, manufacturing and warehouse buildings. In total there is 844,889 square feet included in the stretch of land, which sold for $48.75 million.

The deal closed in December and is the largest of its kind since June 2013.

"The Medley East & Hialeah Gardens portfolios represent some of the most functional institutional quality product within the in-fill submarkets in which they are located," Christian Lee, vice chairman of CBRE's Capital Markets Institutional Group, said in a statement. "Tenant demand for functional well-located product such as this continues to be very strong, as evidenced by Miami's 4.9% vacancy rate in Q3 2013, the second-lowest in the country."

The town of Medley has a mix of light-to-heavy industrial businesses within its confines. It was founded in 1949 and included 325 companies by the late 1960s. Now, this area in northwest Miami-Dade county has more than 1,100 businesses.

Business furniture

Industrial office workstations differ a bit from that of mainstream workplaces. Many buildings in Medley have a warehouse component and an administrative department. It's very important that the office portion of the workspace has the right furniture to support each employee.

Ergonomic chairs - One of the most important elements of office furniture is the seating. Ergonomic chairs are the industry standard seating option for people sitting for prolonged periods. Without these plush and adjustable chairs, employees run the risk of injuring themselves with neck and back strains. Also, it's vital for computer users to sit at their chairs comfortably so no carpal tunnel issues arise.

Workstations - Industrial businesses can benefit from traditional desks and contemporary benching workstations. If most work is done from a private office, a standalone desk is a suitable option. However, if many workers will occupy a space simultaneously, then grouped benching workstations are the best fit.

Storage - Many industrial spaces need a wide variety of storage options. For the administrative wing, metal filing cabinets will fit most needs. They come in a range of sizes and shapes including vertical and horizontal models. Additionally, the construction of the units is durable, so valuable documents will stay safe.

Want to create a comfortable, collaborative work environment? Visit the Office Furniture Warehouse website to complete your office landscape.

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