Sydney, 13 October 2015 – Australia’s largest manufacturer and supplier of premium swimming pool and spa chemicals, Hy-Clor Australia has leased an industrial space in Glendenning to consolidate its Sydney operations.
Located at 178 Power Street, the 7,277sqm site features a mix of modern office and warehouse accommodations, ample parking, internal clearances of up to 12 metres and multiple on-grade roller shutter doors and loading docks.
CBRE’s Elijah Shakir and Greg Pike negotiated the lease on behalf of the tenant, which committed to a seven-year term on an initial rental of $873,240 per annum net plus GST.
Mr Shakir said CBRE approached the private lessor off-market and negotiated the transaction prior to any direct vacancy.
“CBRE had an intimate understanding of the tenant’s dangerous goods requirement and identified the Power Street site as being well suited to its business operations.”
“The Glendenning site fit Hy-Clor’s geographic requirements, located in what was considered the centre point for the consolidation of its office accommodation in Lane Cove and its warehouse component in Riverstone.”
For Australian/international news or global stories, follow us on Twitter.
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 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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.