Anaconda and Carls Jr stake their claim on South East Queensland's newest retail centre
Outdoor adventure and sporting retailer Anaconda and fast expanding American burger chain Carls Jr have both committed to South East Queensland’s s newest large format retail and convenience centre ahead of its official opening in July 2018.
22 Jun 2018
Synergy Property Partners is putting the finishing touches to the $20 million Ipswich development, which will feature an Anaconda showroom, a 7-Eleven service station and outlets for Carls Jr and Bridgestone Tyres.
CBRE’s Andrew Brimson negotiated the anchor Anaconda lease at the 355 Brisbane Street development.
The prominent 1,800sqm showroom is the first for Anaconda in Ipswich and will give the group – Australia’s largest camping and adventure superstore – its 14th store in Queensland.
Mr Brimson said the 10-year lease to Anaconda and additional long term commitments from 7-Eleven, Carls Jr and Bridgestone Tyres highlighted the strong retailer interest in Ipswich, underpinned by ongoing population growth and government infrastructure commitments.
“Ipswich’s population is increasing at twice the rate of the Queensland average with forecasts that that the current population of 200,000 will surge to 435,000 residents by 2031,” Mr Brimson said.
“The region is also benefitting from major infrastructure projects, including significant motorway upgrades and the planned $150 million rejuvenation of Ipswich Central, which will inject new life into the city’s centre. This is underpinning strong interest from large format retailers wanting to establish or grow their presence in the Ipswich market.”
One final showroom of 600sqm is available at the 355 Brisbane Street project and Mr Brimson said CBRE was fielding strong tenant interest.
He linked the high enquiry and the project’s early leasing success to Ipswich’s strong underlying fundamentals – coupled with the development’s high exposure and strategic location.
“355 Brisbane Street is extremely well positioned in an established and strongly trading showroom strip, which is continuing to grow and evolve,” Mr Brimson said.
“The development is situated at a major intersection, with exposure to 27,000 traffic movements daily, and benefits from its close proximity to major national retailers such as Bunnings, Spotlight, Fantastic Furniture, TK Maxx, Best Friends Pets and Chemist Warehouse.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.