Sydney

Ronis Variety Discount Stores secures new Wetherill Park distribution centre

Ronis Variety Discount Store has leased a Wetherill Park industrial warehouse to support metropolitan distribution to its discount stores.

27 May 2019

Ronis Variety Discount Store has leased a Wetherill Park industrial warehouse to support metropolitan distribution to its discount stores. 

The retailer has signed a three-year lease on a 2,500sqm office/warehouse property at 495 Victoria Street, Wetherill Park. The property, which provides office accommodation over two levels, features three loading docks, internal clearances of up to 9.3m and excellent container loading/unloading areas. 

CBRE’s Matthew Alessi, John Micallef, Elijah Shakir and John Tsoutsa negotiated the lease transaction for an annual rental of $120 - $130 per square metre (gross + GST). 

Mr Alessi commented: “The major attraction for Ronis Variety Discount Store was the property’s 9.3m clearances to maximise racking capacity, ability to load/unload containers and close proximity to its existing Wetherill Park warehouse.” For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

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.

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.