Sydney, 30 June 2015 – Australia’s largest diving store, Adreno, has leased a freestanding warehouse facility in Alexandria for its first Sydney premises.
The 688sqm property, located at 678 Botany Road, features high clearance warehouse space, excellent access and exposure to Botany Road, modern well-presented office, showroom and reception areas, and generous car parking.
Mark Silva of CBRE negotiated the lease deal on behalf of Chinwah. The tenant committed to a five-year term on an initial rental of $155,000 net per annum plus GST.
Mr Silva said the tenant was attracted to the property’s strategic position in one of Sydney’s most prominent industrial hubs and its ample exposure to Botany Road.
“The site's location within the heart of Alexandria was particularly appealing to Adreno, due to the convenience of servicing its clients across the Sydney region.”
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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.