Crane company buys Pinkenba warehouse

Borger Cranes has snapped up a vacant Pinkenba industrial property.

The 1.31 hectare site, with 27 car parks at 119 Brownlee Street (outlined, top) is trading for $8 million.

The asset includes an 1849 sqm improvement – with a workshop, office and warehouse.

It also has two crossovers and hardstand covering more than 80 per cent of the site.

CG Property’s Michael Callow with JLL’s Gibson Leembruggen were the agents (story continues below).

Last week, Centennial Industrial & Logistics spent $10.42m for a 1.97ha industrial investment at 87 Bancroft Road, Pinkenba.

Earlier this month Charter Hall paid United Petroleum $43m for an 8.47ha development site in the suburb.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of