Sydney, 09 June 2015 –
Australian funeral services provider, TJ
Andrews Pty Ltd has leased a modern warehouse facility in Smithfield to
accommodate its Sydney operations.
The 1,279sqm freestanding warehouse, located at 35 Britton Street,
features high internal clearances of 10-13 metres,
generous truck marshalling facilities, hardstand fore-court, two on grade
roller shutter doors, and office space with high quality finishes.
Shakir and Ryan Jennings of CBRE negotiated the lease agreement on behalf of
vendor C Neil & Cuschieri. The tenant
committed to a five year term, with option for five year extension, on an
initial rental of $98 per sqm net plus GST and outgoings.
Mr Shakir said the sites modern high quality finishes and desirable location
were key factors in securing the
national tenant on a long term lease.
“The site’s prime Smithfield location, just 30km west of the Sydney CBD, and close proximity to the Cumberland Highway and M4 and M7 Motorways, was particularly
appealing to the tenant.”
“The property boasted a range of amenities,
including security features, which were ideally, suited to the tenant’s
requirements,” Mr Shakir said.
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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.