National Tiles has secured a freestanding showroom off-market in the tightly held Capalaba retail precinct.
CBRE’s Large Format specialist Sam Macgregor negotiated the lease for the 142 Redland Bay Road property, with National Tiles taking a seven-year lease with options.
Located around 18 kilometres from Brisbane CBD, the 864 sqm showroom provides National Tiles with significant onsite parking, a loading area and two cross overs onto Redland Bay Road.
The showroom is surrounded by key retailers including BCF, Super Amart, The Good Guys, Fantastic Furniture and OMF.
Mr Macgregor said National Tiles was quick to snap up the property due to its location and the tightly held nature of the precinct.
“As per the majority of leasing transactions along Redland Bay Road – the lease was negotiated off-market,” Mr Macgregor said.
“The area has become extremely popular with large format retailers, with CBRE recently leasing two other showrooms to OMF and Outdoor Furniture Outlet. The showroom was an obvious choice for National Tiles, especially because of the high volume of exposure it will receive from the busy thoroughfare.”
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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 (based on 2016 revenue). The company has more than 75,000 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: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 2016 revenue). The company has more than 75,000 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.