Looking for Industrial space for your company? See what John Eysenbach advises for companies looking to move.
John Eysenbach is the Executive Vice President at R.W. Holmes Realty Co. and has over 30 years of experience as a real estate broker. His knowledge and expertise in industrial real estate has led to the completion of over 400 lease transactions since joining R.W. Holmes and notably a $15 million deal for Hamilton Storage Technologies in Franklin, MA.
- What are the key features companies should look for in an industrial space?
In terms of the building itself, most companies are looking at maximum ceiling heights, number of loading docks, and the highest quality or newest property. Depending on the scale of the company’s shipping operations, higher ceilings and more loading docks are a necessity. As for quality, Class-A space that is less than 10-15 years old is ideal. Another key factor is easy access to major highways.
- What type of companies need or want industrial space?
All kinds; everything from Solar or HVAC equipment, household products, recreational groups (like CrossFit), to sports training facilities.
- Do different types of companies have different needs or requirements for their space?
There are always specialized needs but at the end of the day, the key is clean and efficient space. Even if the product is different for each company, these two factors are still at the core when looking for a new industrial space.
- What are the typical mistakes companies make when picking industrial space?
The biggest challenge is finding the right size space and allowing for growth without having to relocate again. Consider large enough complexes with a landlord who has space to expand into as the company grows.
- Best advice for those looking for industrial space?
Start early and make sure you have clearly defined geographic parameters. Also expect to consider more towns in order to find what you need.
John’s Property Pick:
Kenwood Industrial Park, 25 & 40 Kenwood Circle, Franklin:
200,000 SF of industrial space from 4,000-37,000 SF available. Lowest operating expenses of any Park on Rt. 495. Under $2.00/SF including taxes the last ten years.