Great Furniture Pty Ltd, a locally owned furniture company, has purchased a 775sqm warehouse in Dandenong South to complement its nearby showroom.
CBRE’s Josh Fitt and James Jorgensen sold the property at 155 Williams Road for $930,000 on behalf of vendors, MKS International Pty Ltd.
Mr Fitt said Great Furniture turned to CBRE to help with sourcing additional warehouse space in addition to their showroom on Frankston-Dandenong Road.
“Great Furniture needed to be close to their showroom, as well as having the ability to receive containers in a secure environment,” Mr Fitt said.
“They looked at multiple options but 155 Williams Road was the perfect solution in terms of asset grade, price and locations.”
Mr Jorgensen said Great Furniture’s ability to act swiftly on CBRE’s advice enabled it to secure a great asset amongst a very competitive market place.
“The additional space will enable Great Furniture to grow their business and receive more stock in the coming years,” Mr Jorgensen concluded.
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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.