Melbourne

Paramount Industrial Estate lures two new tenants

CBRE has successfully finalised two leases at a property in Paramount Industrial Estate, involving Sampson Express and Built.

16 Oct 2018

CBRE has successfully finalised two leases at a property in Paramount Industrial Estate, involving Sampson Express and Built.   

Ricardo Cappelletti, Todd Grima and Tom Murphy negotiated the deals for two separate units at 119 Studley Court, Derrimut, which occupy a 12,396sqm site.

Sampson Express has leased one 3,010sqm unit for a term of four years with an additional four-year option to extend. The annual rental is $240,800 per annum. 

Meanwhile leading construction company, Built, has relocated to the 2,406sqm unit after agreeing to a two-year lease with a two-year option. The lease was struck at an annual rental of $192,480.

Mr Cappelletti said the lease deals are the latest in a string of transactions in the Paramount Industrial Estate.

“Paramount Industrial Estate is an established and highly regarded area within the western industrial precinct. The property benefits from excellent access to the Western Ring Road and Deer Park Bypass, which was a key interest driver for both Sampson Express and Built,” Mr Cappelletti said.   

Both tenancies comprise modern office amenities, high clearance span warehousing, multiple container height roller doors and large loading areas.  
 
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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 2017 revenue). The company has more than 80,000 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.

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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.