LED light specialist littil Group has expanded its Melbourne footprint, bringing all of its businesses together under one roof at a new premises in Mulgrave.
littil Group, comprising littil LED, Cherry Energy Solutions, SiteTech Solutions, SiteMedia Solutions, FreeLED and Unilumin Australia, has signed a four-year lease on a 1,440sqm facility at 61-65 Geddes Street.
CBRE’s Josh Fitt and James Jorgensen – in conjunction with Daniel Kelly of Savills - negotiated the lease on behalf of a private lessor. Rentals in the area range around $90 per square metre net.
Mr Fitt said the property’s substantial office component and rear yard enabled the lessee to bring together its main two separate businesses into one facility, whilst providing enough space to cater for future growth.
“The Geddes Street property was an ideal solution, which enabled the business to move into a refurbished space that will support its long term growth strategy,” Mr Fitt said.
“The rear yard space was pivotal in the relocation as it enabled the two very different operational requirements to co-exist and provide Site Tech Solutions the scope to service the south eastern market more efficiently.”
littil is a market leading company that designs, engineers and manufactures a broad range of unique, custom built and quality LED lights that are compliant to Australian Standards.
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 (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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./p>