Brisbane, 17 December, 2015 – National transport and distribution services company, Border Express has secured an additional warehouse space in Darra to accommodate its expanding operations.
Located at 509 Boundary Road, the 3,000sqm warehouse space offers drive through access, capability to handle B double length vehicles and high clearances of 6 metres.
CBRE’s Sam Higgins and Mark Gilbride negotiated the lease. The property is owned by One Funds Management Pty Ltd as Trustee.
The incoming tenant has agreed to lease one third of the site commencing in October, 2015 at an undisclosed annual rent. Industry sources suggest the rent rate per sqm for Richlands is currently $100 to $110psm p.a.
Mr Higgins said Border Express chose the site due the unique specifications the building offered including two street frontages and a warehouse with drive through, B Double capability. An added benefit was the site’s close proximity of Border’s existing Brisbane depot at 616 Boundary Road, Richlands.
“The Darra site offered a range of features which were ideally suited to Border Express’ growing business operations, including multiple entry points and easy access to major arterial roads.”
Greg Maytom, General Manager Operation for Border Express said the site was an ideal opportunity for the group to secure additional space in the logistics corridor of Brisbane West. He said it was becoming more difficult to find warehouses in the precinct that offered B Double drive through capability with only one other site available in the general location able to meet the Border Express logistics criteria.
“Borders Express identified this site as an ideal transport depot due to its generous truck circulation areas, four roller shutter doors and column free warehouse. We have been based at Richlands for many years now and the arterial road system in the location is better than all other areas of Brisbane.”
The building owners’ property manager, John Dalley said the Border Express lease was an ideal opportunity for the group to secure a strong transport user to the property.
“The property owner considered the Border Express tenancy to be an ideal industrial occupier due to its low impact use of the site and solid business track record over the past 35 years.”
The site has approximately 6,553sm of warehouse space available for lease at the site and CBRE are the exclusive leasing agents.
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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 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.