Brisbane, 9 April 2015 – One of Australia’s leading discount sports retailers, Paul’s Warehouse has leased its first Queensland premises in Logan Central to accommodate its expanding operations.
Damian Crocetti and Andrew Brimson of CBRE Queensland Large Format Retail negotiated a 10 year lease on behalf of a private vendor on the 2000sqm showroom facility at 4 Leichhardt Street.
The site was one of few remaining former Sams Warehouse showrooms and was equipped for immediate occupation with air conditioning, polished concrete flooring, lighting fit-out, duel street access and ample parking.
Andrew Brimson of CBRE said; “This Logan Central premises fit the tenant’s geographical requirements and offered an ideal opportunity to establish a Queensland presence in a proven retail market.”
“This prime showroom is strategically located alongside an established retail precint which houses major national retailers including Super Amart, Kmart, Coles, Woolworths and McDonald’s and benefits from huge exposure from Wembley Road” Mr Brimson said.
The former Sam’s Warehouse premises became available due to the collapse of the Discount Superstores Group (DSG) in July 2014, which left many of their previous store sites up for lease.
CBRE has also been appointed to lease the adjoining 1,480sqm showroom which similarly benefits from fast food retail at the front, abundant parking and rear loading facilities.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
