A large industrial yard in Wetherill Park has been leased to Jemena to expand its Sydney operations.
CBRE’s Janet Joljian, Brendan Wein and Elijah Shaker negotiated the three-year lease over the 4,500sqm site, situated at 449a Victoria Street.
Jemena owns and operates a diverse portfolio of energy assets across the east coast of Australia.
The new site is additional to an existing western Sydney location in Smithfield.
“The yard was leased by Jemena at a rate of $45/sqm gross, reflecting the scarcity of hardstand sites in Wetherill Park,” Ms Joljian said.
The fully serviced site offers main road exposure and is in close proximity to major arterial roads including the M7 and M4 motorways.
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, 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.