A landmark office building in Adelaide’s central CBD is being marketed for lease through CBRE and Knight Frank.
Purchased by Shakespeare Property in early 2016, 19 Grenfell Street is a 19-storey office building home to a host of well-known corporate tenants, including recent additions such as the Property Council of Australia, Qatar Airlines, Complispace and Chris Sale Consulting.
CBRE’s Michael Pfitzner said the property, which had been optimised for leasing, provided an outstanding opportunity.
“Following the creation of superb end of trip facilities and building service upgrades, the owner recognised the increasingly popular trend for 150sqm – 250sqm tenancies in the market. To ensure the building was positioned to capitalise on this, refurbishments were undertaken including sub-dividing a floor into four suites. This subdivided floor included one fully fitted tenancy that demonstrated how the space could be utilised – and subsequently provided a point of difference in the market,” Mr Pfitzner said.
Knight Frank’s Chris Lucas added: “The owner is now looking subdivide another floor – this time, creating an industrial feel to the space with expose ceilings and services. Works are currently underway, with this undoubtedly increasing its tenant appeal further.”
For enquiries, please contact Michael Pfitzner from CBRE on 0408 807 823 or Chris Lucas from Knight Frank on 0412 191 311.
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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.