Robert Magid’s Overland Properties has secured two new deals in separate Mulgrave assets, totalling over 5,000sqm.
Osteon Medical, the first commercially advanced dental implant production facility in Australia, has moved into 2,450sqm of ground floor office space at 759 Springvale Road after signing an eight-year lease; previously occupied by Catch of the Day.
Also moving into Mulgrave, Keysight Technologies has signed a 10-year lease at $240 per square metre. The leading technology company has secured 745 Springvale Rd on a 10-year lease, which features a 1,686sqm office and a 1,135sqm warehouse.
CBRE’s Elise Betts and Gianni Macdonald negotiated both lease transactions and Colliers International were conjunctional agents.
Ms Betts noted both tenants were seeking the exposure offered by the Mulgrave properties.
“Keysight Technologies, looking to consolidate the businesses, was interested in the asset’s office to warehouse ratio, as well as its high exposure. Whereas Osteon, similarly interested in exposure, was attracted to the size of the space on offer, given the company’s exponential growth,” Ms Betts added.
Osteon Medical, the first commercially advanced dental implant production facility in Australia, has moved into 2,450sqm of ground floor office space at 759 Springvale Road after signing an eight-year lease; previously occupied by Catch of the Day.
Also moving into Mulgrave, Keysight Technologies has signed a 10-year lease at $240 per square metre. The leading technology company has secured 745 Springvale Rd on a 10-year lease, which features a 1,686sqm office and a 1,135sqm warehouse.
CBRE’s Elise Betts and Gianni Macdonald negotiated both lease transactions and Colliers International were conjunctional agents.
Ms Betts noted both tenants were seeking the exposure offered by the Mulgrave properties.
“Keysight Technologies, looking to consolidate the businesses, was interested in the asset’s office to warehouse ratio, as well as its high exposure. Whereas Osteon, similarly interested in exposure, was attracted to the size of the space on offer, given the company’s exponential growth,” Ms Betts added.
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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.
