Mr Micallef said two tenants competed for the 12,451sqm building, both of which were sourced through CBRE’s extensive database and network.
“The end result ensured minimal vacancy for the landlord and delivered a four-year lease with no incentive,” Mr Micallef said.
“This transaction is a great example of a collaborative transaction between CBRE’s North West and Metro West teams.”
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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.