Supply chain specialist Retailquip will relocate its Sydney headquarters to Arndell Park in Western Sydney.
The Brisbane-based company has signed a five-year lease on a 940sqm office/warehouse property at 26 Penny Place. Situated in proximity to major arterial roads, the property comprises first floor office accommodation, internal clearances of up to seven metres and container height roller door access.
CBRE’s Matthew Alessi and Brendan Wein negotiated the transaction on behalf of a private lessor for a rental of $120 per square metre (net).
Mr Alessi commented on the deal: “The major attractions for the tenant were the corporate appeal of the building, its close proximity to major road networks and the high clearances that allow the tenant to maximise racking capacity.”
The Brisbane-based company has signed a five-year lease on a 940sqm office/warehouse property at 26 Penny Place. Situated in proximity to major arterial roads, the property comprises first floor office accommodation, internal clearances of up to seven metres and container height roller door access.
CBRE’s Matthew Alessi and Brendan Wein negotiated the transaction on behalf of a private lessor for a rental of $120 per square metre (net).
Mr Alessi commented on the deal: “The major attractions for the tenant were the corporate appeal of the building, its close proximity to major road networks and the high clearances that allow the tenant to maximise racking capacity.”
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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.
