Adelaide, 22 June 2015 – A soon to be disclosed, Commonwealth funded mental health service provider has secured new Adelaide headquarters after signing a 1,205sqm CBD lease agreement.
CBRE Office Services negotiator Nick Read negotiated the lease in 173 Wakefield Street – a prominent standalone office building that was recently refurbished.
The building, owned by private local landlord, is situated along a major east-west CBD thoroughfare recognised as one of the city’s traditional education and medical precincts.
Mr Read said location had been a significant attraction for the tenant, given the nature of their activities.
The health service provider has committed to a three year lease with two three years options and has also secured 20 undercover, onsite carparks.
A major internal fitout of the building will shortly be undertaken to allow the tenant to open its doors in early 2016.
“The commitment is another positive sign for the Adelaide CBD office market following Grant Thornton’s recent 1,500sqm commitment to the nearby Frome + Flinders development,” Mr Read said.
“The tenant is a new entrant to the CBD who see considerable benefits in a having a city location with ready access to public transport infrastructure to service their clientele within the inner Adelaide metropolitan area.”
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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.
