Melbourne

Modular group builds on Melbourne presence with new northern facility

A modular construction company will relocate its Brooklyn business to a new, state of the art purpose-built facility in Laverton North.

31 Jan 2018

A modular construction company will relocate its Brooklyn business to a new, state of the art purpose-built facility in Laverton North.

The building group has signed a 10-year pre-lease on the new facility at 41-55 Leakes Road, which is being developed by Pelligra. 

CBRE’s Todd Grima negotiated the transaction for an annual rental of $1.555 million (net). 

Located on a 66,224sqm site, the property comprises a building area spanning 21,733sqm, including concrete hardstand, high clearance warehouse with gantry cranes and corporate office. 

The property also features large drive cantilevered awnings for undercover loading and multiple on grade roller doors. 

Mr Grima said the opportunity to secure a purpose-built facility in one of Melbourne’s most sought after industrial precincts underpinned the transaction. 

“Having outgrown its existing facility in Brooklyn, Hickory was quick to move on the opportunity to occupy a purpose built facility in close proximity to the Princes Highway – a major thoroughfare in Melbourne’s northern suburbs.” 
 
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), 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 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

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.