Australian shelving specialist Business Warehouse has relocated its Melbourne operations to Laverton North after signing a new lease on a warehouse facility in the area.
CBRE’s Todd Grima and Harry Kalaitzis negotiated the three year lease on the brand new facility at 12 William Angliss Drive - comprising a 385sqm office and 4,312sqm warehouse.
Located within the William Angliss Industrial Estate, the property includes a 10 metre loading canopy, four on-grade doors, two recessed loading docks and an architecturally designed, light filled office.
Mr Grima said the building’s design and location helped underpin the deal:
“The tenant was attracted to the building’s design, which offered a completely clear span warehouse, with no internal posts, as well as excellent loading and unloading areas,” Mr Grima said.
“The prime location was another major factor, with the building’s position just off Fitzgerald Road offering direct access to the Princess Freeway and Western Ring Road.
Rentals in the area range between $65 per square metre - $75 per square metre.
CBRE’s Todd Grima and Harry Kalaitzis negotiated the three year lease on the brand new facility at 12 William Angliss Drive - comprising a 385sqm office and 4,312sqm warehouse.
Located within the William Angliss Industrial Estate, the property includes a 10 metre loading canopy, four on-grade doors, two recessed loading docks and an architecturally designed, light filled office.
Mr Grima said the building’s design and location helped underpin the deal:
“The tenant was attracted to the building’s design, which offered a completely clear span warehouse, with no internal posts, as well as excellent loading and unloading areas,” Mr Grima said.
“The prime location was another major factor, with the building’s position just off Fitzgerald Road offering direct access to the Princess Freeway and Western Ring Road.
Rentals in the area range between $65 per square metre - $75 per square metre.
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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 (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. 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 (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
