Brisbane, 25 August, 2014 – Limited supply for modern buildings in Brisbane’s prominent industrial hubs has underpinned increased leasing activity in the suburb of Eagle Farm.
Sam Higgins and Nick Witheriff from CBRE's Industrial & Logistics Services team negotiated the leasing of a 1,680sqm warehouse facility at 280 Cullen Ave on behalf of lessor Socap Pty Ltd.
Global pipe supplier LFF Australia has committed to a five-year term on the property, with options.
Mr Higgins said the property represented an outstanding opportunity to secure a prime position in one of Brisbane’s most sought after industrial precincts.
“Modern industrial facilities in Eagle Farm are in strong demand due to a continuing shortage of available stock that meet this specification,” Mr Higgins said.
“The specifications and standard of this building were suitable to a company such as LFF, which has a global presence.”
Mr Higgins added: “LFF required a tilt slab warehouse but needed the facility to present to its clientele in a similar manner to corporate standard. The office accommodation is equally impressive and the choices in Eagle Farm, Hendra and Pinkenba were limited.”
The LFF Group is a major supplier of pipes, fittings, flanges and valves in a variety of materials, to the oil, gas, petrochemical, power and water industries around the world.
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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 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 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 atwww.cbre.com.au.