Sydney, 3 March 2014 – Baby goods business Karlisle’s Pty Ltd has leased a 1,200sqm warehouse/office facility in Sydney’s inner-west suburb of Alexandria.
Located at 7-25 Hiles Street, the older style property comprises high clearances with multiple roller door access and a mezzanine office.
CBRE’s Michael Binskin and Mark Silva, in conjunction with Link Property Services’ Chris Sully, negotiated the lease deal on behalf of lessor Bill Zuo and Nancy Wu.
Karlisle’s Pty Ltd has committed to a five-year lease for an initial annual rental of $165,000 gross.
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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 (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.