facility:

… a property with attachments and installations put together to serve a particular function. Business facilities are buildings, plants and other permanent, semi-permanent or temporary structures located on commercial and industrial real estate sites.

A facility is a fixed asset … built, established, or installed for the performance of one or more specific activities or functions (source of quote).

Facilities location work is a search for either a real estate site or an existing property, such as an available building that can be built out or retrofitted; i.e., the facilities location process is one of finding the best possible place for expanding or relocating an existing enterprise operation, or starting up a new entrepreneurial venture.

Existing facilities of large enterprises are typically managed by specialists. CLICK HERE to search the Web for information about facilities management and its relationship to site selection. Facility Zone.com is a source of articles about facilities management.

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