Kythrea Food Services has relocated to Villawood from Silverwater after signing a lease on a 3,543sqm industrial facility.
CBRE’s John Karlovasitis, Michael O’Neill and Elijah Shakir sub-let Warehouse A, 33a Shaddock Avenue on behalf of Villa Plaster Supplies Pty Ltd, with the new tenant committing to a five-year lease term at an annual net rental of $288,745 plus GST.
Mr Karlovasitis said CBRE was appointed on behalf of Villa Plaster Supplies to sub-lease the space, in light of the company’s business expansion.
“After relocating the lessor to a larger premises that met its growing requirements, we were tasked with sub-leasing the Villawood property. Close collaboration between our Industrial & Logistics teams meant we were able to introduce the tenant to the opportunity and facilitate its relocation from Silverwater,” Mr Karlovasitis said.
The property offers Kythrea Food Services wide roller door access to the lower-clearance warehouse, quality amenities including a ground floor showroom/office space and generous on-site parking.
CBRE’s John Karlovasitis, Michael O’Neill and Elijah Shakir sub-let Warehouse A, 33a Shaddock Avenue on behalf of Villa Plaster Supplies Pty Ltd, with the new tenant committing to a five-year lease term at an annual net rental of $288,745 plus GST.
Mr Karlovasitis said CBRE was appointed on behalf of Villa Plaster Supplies to sub-lease the space, in light of the company’s business expansion.
“After relocating the lessor to a larger premises that met its growing requirements, we were tasked with sub-leasing the Villawood property. Close collaboration between our Industrial & Logistics teams meant we were able to introduce the tenant to the opportunity and facilitate its relocation from Silverwater,” Mr Karlovasitis said.
The property offers Kythrea Food Services wide roller door access to the lower-clearance warehouse, quality amenities including a ground floor showroom/office space and generous on-site parking.
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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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.
