Caesarstone has leased an 11,222sqm industrial warehouse in Moorebank Logistics Park.
Manufacturer of high-quality, premium quartz surfaces, Caesarstone has upgraded its previous 5000sqm lease in the same suburb to occupy Qube Holding’s Warehouse 3A at 400 Moorebank Avenue – more than doubling its footprint.
CBRE’s Tom Rourke and Adam Tresidder negotiated the seven-year lease deal.
Mr Rourke said the transaction was good timing with Target having moved into its new facility in the park and the first train arriving at the beginning of August.
“Caesarstone wanted to remain in the area and was attracted to the site’s warehouse design, which provided the ideal conditions for its operations – receiving doors on one side of the warehouse and dispatch on the other,” Mr Rourke added.
Mr Tresidder commented that Caesarstone would benefit from considerable logistics savings through the move.
The facility is currently in development and will be complete in March 2020.
Manufacturer of high-quality, premium quartz surfaces, Caesarstone has upgraded its previous 5000sqm lease in the same suburb to occupy Qube Holding’s Warehouse 3A at 400 Moorebank Avenue – more than doubling its footprint.
CBRE’s Tom Rourke and Adam Tresidder negotiated the seven-year lease deal.
Mr Rourke said the transaction was good timing with Target having moved into its new facility in the park and the first train arriving at the beginning of August.
“Caesarstone wanted to remain in the area and was attracted to the site’s warehouse design, which provided the ideal conditions for its operations – receiving doors on one side of the warehouse and dispatch on the other,” Mr Rourke added.
Mr Tresidder commented that Caesarstone would benefit from considerable logistics savings through the move.
The facility is currently in development and will be complete in March 2020.
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About CBRE Group, Inc.
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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.
About CBRE Group, Inc.
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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.
