Quanta Lines Pty Ltd has secured a 2,939sqm premises at Seven Hills in Sydney’s north west.
The electric transmission company has agreed to a five-year lease for Building G/22 Powers Road at a net rate of $165 per square metre +GST, with an additional three-year option.
The freestanding office/warehouse facility has easy access to the M2 and M4 motorways and a large 2,345sqm rear yard.
It features a wash bay, flammable goods room, high power supply, four roller doors and two gantry cranes.
CBRE’s Brendan Wein and Matthew Alessi negotiated the deal in conjunction with Mark Wylie from Ford Land.
“The main attraction for the tenant was the size of the warehouse and yard space that they will utilise to store their machinery and trucks,” Mr Wein said.
“The two gantry cranes and the property’s close proximity to major arterial roads was also a drawcard.”
The electric transmission company has agreed to a five-year lease for Building G/22 Powers Road at a net rate of $165 per square metre +GST, with an additional three-year option.
The freestanding office/warehouse facility has easy access to the M2 and M4 motorways and a large 2,345sqm rear yard.
It features a wash bay, flammable goods room, high power supply, four roller doors and two gantry cranes.
CBRE’s Brendan Wein and Matthew Alessi negotiated the deal in conjunction with Mark Wylie from Ford Land.
“The main attraction for the tenant was the size of the warehouse and yard space that they will utilise to store their machinery and trucks,” Mr Wein said.
“The two gantry cranes and the property’s close proximity to major arterial roads was also a drawcard.”
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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.
