Avenue du Parc Médicis

In the heart of Fresnes, just south of Paris, stretches the Avenue du Parc Médicis. This unassuming avenue leads to a remarkable industrial park, also named Parc Médicis. It’s a place of surprising contrasts, where history and modernity intertwine. The Parc Médicis was built between 1990 and 1992. Originally designed as ground-floor light industrial and warehouse spaces, with offices perched above. This setup reflects the area’s evolving industrial heritage. The Avenue du Parc Médicis offers a glimpse into this transition, from traditional industries to the modern logistics and technology hubs of today. The Parc Médicis itself occupies a substantial 277,784 square feet. MARCOL, a private property company, owns a significant portion of this, around 150,522 square feet, purchased in 2006. Interestingly, the park maintains a 50/50 ratio between warehouse and office space. This balance highlights the diverse nature of the businesses that call Parc Médicis home. After MARCOL’s acquisition, vacancy rates initially climbed to around 45%. Through strategic asset management and targeted improvements, this number dropped dramatically. For the past four years, it has remained impressively below 5%. Today, Avenue du Parc Médicis hums with activity. A diverse array of industries thrive within Parc Médicis, including health and pharmaceuticals, IT, food and beverage, government bodies, automotive, engineering, electronics, and support services. Among the eighteen tenants, Fresenius Medical Care and Toshiba stand out as key players. The collective rentable value of the site approaches an impressive €1.6 million annually. High tenant retention rates speak volumes about the desirability and efficient management of this dynamic hub. As you stand at the entrance to Avenue du Parc Médicis, consider the blend of past and present. It’s a testament to the ever-evolving landscape of commerce and industry.