Perth, 30 November 2015 – Leading digital marketing agency, Reach Local Australia has leased a whole floor office space in West Perth to accommodate its West Australian operations.
Located at Level 2, 682 Murray Street, the 237sqm floor features ample natural light, outlook over Murray Street and modern fitout including reception area, large boardroom, offices and open plan work areas.
Daniel Johnston of CBRE’s Office Services team negotiated the sub-lease agreement. The tenant committed to a seven-year term, on an initial rental of $350 per sqm net.
Mr Johnston said the tenant was attracted to the opportunity to occupy a whole floor tenancy, which would provide room for further business expansion.
“The tenant took advantage of market incentives to fit out the tenancy to meet its operational requirements, and is additionally able to benefit from building amenities including ground floor café and basement parking.”
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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 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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 at www.cbre.com.