TLE Electrical is set to relocate to a 1,650sqm industrial warehouse in Thornleigh.
The leading distributor of electrical equipment will move in to Lot 7/35 Sefton Road on a five-year lease, with an additional five-year option. The initial gross rent is $185 per square metre +GST.
Owned by a private investor, the recently refurbished warehouse offers an open span, high clearance space with access via two roller doors.
CBRE’s Peter Mangraviti, Ben Byford and Geoff Hunt negotiated the deal.
“The low supply of large warehouses in Sydney’s north meant the property drew plenty of attention,” Mr Mangraviti said.
“TLE committed to the property prior to its refurbishment as the site will allow for business growth while retaining their desired Thornleigh location.”
The leading distributor of electrical equipment will move in to Lot 7/35 Sefton Road on a five-year lease, with an additional five-year option. The initial gross rent is $185 per square metre +GST.
Owned by a private investor, the recently refurbished warehouse offers an open span, high clearance space with access via two roller doors.
CBRE’s Peter Mangraviti, Ben Byford and Geoff Hunt negotiated the deal.
“The low supply of large warehouses in Sydney’s north meant the property drew plenty of attention,” Mr Mangraviti said.
“TLE committed to the property prior to its refurbishment as the site will allow for business growth while retaining their desired Thornleigh location.”
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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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.
