Watpac and Smaart Recruitment have emerged as the latest tenants to commit to Melbourne’s 385 Little Lonsdale Street – boosting the office building’s occupancy rate to 100%.
CBRE’s Patrick Mount and Scott McGlone negotiated both lease commitments on behalf of the owner, Giancorp Property Group.
Construction company Watpac will use the space as a site office for the new Union Tower Apartments while Smaart Recruitment has leased levels 1 & 2 in the building to house its sales & customer service focused recruitment agency
Both deals were for circa 300sqm of space, with Watpac taking a 2.5 year lease and Smaart Recruitment committing to a five-year lease.
Mr Mount said recent refurbishment works and the building’s close proximity to the Melbourne Central retail and transport hub had been key attractions for both tenants.
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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.
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.
