Everybody loves good neighbours especially an Officeworks store
Everybody loves good neighbours – especially an Officeworks store
| 15 September 2020
The chance to locate next to the new Gilles Plains Officeworks is expected to be a major drawcard for a new showroom development at 635 North East Road.
CBRE is steering the lease campaign for the newly built showrooms, which will be ready for occupation in November.
Dallas Sears, CBRE Director of Large Format Retail, said a total of 1,525sqm of space was available and this could be leased as either one tenancy or divided into smaller floorplates.
“Officeworks has been one of Australia’s standout retail performers during 2019-2020, underpinned by demand for home office supplies, technology and education products,” Ms Sears said.
“The ability to lease space next to a new Officeworks store will be a major lure for tenants, providing an opportunity to capitalise on the high associated foot traffic.”
Located on the corner of North East Road and Wandana Avenue, the showroom site has multiple access points, ample car parking and multi-directional access to North East Road.
It also offers excellent exposure, signage and branding opportunities, with over 44,900 vehicles passing the site daily according to the Department of Transport & Infrastructure.
The space also benefits from its proximity to Modbury’s shopping, entertainment and convenience precinct and to Modbury Hospital, which is currently undergoing a $96 million redevelopment to increase surgical capabilities and improve facilities for both patients and staff.
“Another attraction will be the demographics of the surrounding area, with the catchment having a high than average household income and more than 500,000 people living within a 15-minute drive of the site,” Ms Sears said.
It was these fundamentals that also attracted Officeworks to the location.
Officeworks Head of Property Kylie Brockett said; “We chose this location so we could offer a larger store format with an extended product range that provides local customers with all their needs in an easily accessible location with great parking. We look forward to continuing to build on and maintain meaningful connections with those in the Gilles Plains community.”
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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 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 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.