One of Australia’s leading freight forwarding businesses, Wiseway Logistics, has successfully inked a five year lease in Tullamarine’s tightly held industrial precinct.
CBRE’s Daniel De Sanctis and Amanda Traficante negotiated the lease for the 1-5 Jets Court site, which is located within the Melbourne Airport Business Park. The deal was struck at a rental rate of $220,000 per annum plus GST and outgoings.
Mr De Sanctis said the strategic location between the northern and western industrial markets and surrounding infrastructure made the property extremely appealing.
“The Melbourne Airport Business Park is surrounded by major infrastructure and arterials, including the Western Ring Road, Tullamarine Freeway and Calder Freeway. These strong transport links provide easy access to Greater Melbourne and ultimately maximise business efficiency,” Mr De Sanctis said.
“The property received multiple offers from a variety of businesses, meaning we were able to achieve minimal down time of one month for our Landlord.”
The site comprises a modern two-storey office warehouse facility, offering a net lettable area of 2,416sqm. Wiseway Logistics will enjoy a versatile, clear span high bay warehouse, a large concrete loading area allowing for excellent truck maneuverability and potential to expand the warehouse by a further 500sqm.
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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.