Sydney, 26 May 2014- Eastern Creek and Huntingwood in Western Sydney are benefiting from a boom in lease transactions over 5000sqm.
Australian Collision & Mechanical Parts has recently leased a 5,639sqm freestanding office/warehouse at 20 Huntingwood Drive in Huntingwood for an undisclosed rent. The property comprises high clearance warehouse, large hardstand area and a quality office.
Elijah Shakir, Senior Manager from CBRE’s Western Sydney office negotiated the 18 month lease term on behalf of the owner, DEXUS.
Mr Shakir said ACM Parts is a joint venture between Suncorp and LKQ Corporation and that the company chose Huntingwood as the Australian headquarters due to its proximity to major arterial roads.
In a second lease for Western Sydney, Rust-Oleum Australia Pty Ltd leased a 5,226sqm warehouse/office in Eastern Creek for an undisclosed rent.They will utilise the facility as their corporate head office and distribution facility in Australia for the next ten years.
Owned and managed by Goodman, the Rust-Oleum Australia transaction has filled the final vacancy within the Reedy Creek Unit Estate development.
Mr Shakir negotiated the transaction on Goodman’s behalf and said the Reedy Creek development is of exceptional quality for occupiers in the 3,000sqm-6000sqm range, as well as being in close proximity to major arterial roads such as the M7 and M4 motorways.
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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.