A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Manufacturing Building
A facility used for the conversion, fabrication and/or assembly of raw or partly wrought materials into products/goods.
Masonry Construction
A construction technique in which materials, usually brick or concrete block, are stacked and grouted together to form walls that bear the weight of the structure.
Master Lease
The controlling lease identifying the terms and length of the lease. Note: Subleases cannot extend beyond the term of the master lease.
Medical Office Building
A building which consists of 90 percent or greater medical tenancy.
Metal Building
A building with the exterior façade primarily made of metal (typically steel or aluminum).
Mezzanine Office
An office build-out on an intermediate floor that is smaller than the main floor. When a mezzanine office is built above space that would otherwise be an industrial work area this additional square footage is not counted in the total square footage of the building.
Mixed Use Development
An income-producing property that comprises multiple significant uses within a single site or building such as retail, office, residential or lodging facilities. Example: Office buildings that contain ground-level retail and housing; sites that have separate office, retail and multi-family properties.
Modified Lease
A lease in which the landlord receives a stipulated rent and the payment of the property’s operating expenses are divided between the lessor and lessee via specified terms in the lease; also called Modified Gross, Net-Net (Double Net), Net-Net-Net (Triple Net), etc., depending on the dgree to which the tenant or landlord are responsible for operating costs.
Multi Tenant Office Building
A building for which there are multiple lease obligations and less than 90% of which may be owner occupied.