Autobarn is set to join the line-up of retailers at the Millers Junction precinct in Altona North after securing a showroom for $2.36 million.
Located at 302-330 Millers Road, Millers Junction is a mixed use development comprising large format retail, commercial space and grocery, food & beverage outlets.
CBRE’s Chris Parry negotiated the sale of the 700sqm showroom, which forms part of the development’s second stage – featuring 74 architecturally designed units consisting of office warehouses, showrooms and food & beverage space.
Stage one of the development comprises a fully leased large format retail centre, including retailers such as Bunnings, JH Hi-Fi, ALDI, Officeworks, PETstock and Repco.
Mr Parry said the sale highlighted Millers Junction’s increasing appeal as a sought after retail hub in Melbourne’s west.
“Millers Junction showcases the maturing market in Melbourne’s western suburbs, with the region’s strongly growing population supporting the development of additional and more sophisticated retail, employment and lifestyle precincts,” Mr Parry said.
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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 (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.
