Sydney, 30 July 2015 – New 3PL business, TBA Group has leased an industrial facility in Silverwater to accommodate its Western Sydney operations.
The 893sqm property, located at Unit 5 Slough Business Park, features high warehouse clearances, ample parking, multiple access points, on-site café and flexible showroom and office spaces.
Raj Chaudhary, Shaun Timbrell and Michael O’Neill of CBRE negotiated the agreement with lessor Goodman. The tenant committed to a three-year term on an initial rental of $125 per sqm net.
Mr Chaudhary said CBRE were initially approached by TBA Group to locate new premises to suit its businesses logistics operations.
“Slough Business Park appealed to the tenant as it was able to deliver a site which met all the businesses objectives, including high clearance warehousing, offices and showroom space, in an ideal location.”
”The sites prime positioning in close proximity to the M4 Motorway, Victoria Road and Newington Shopping Village was ideally suited to TBA Group’s needs,” Mr Chaudhary said.
For Australian/international news or global stories, follow us on Twitter. 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. About CBRE Group, Inc.
