Dexus fills another piece of Freeman Central

Dexus has just completed Freeman Central’s first stage.

Dexus has filled another piece of a landmark Richlands shed it has just built speculatively.

In the latest and biggest deal, ACR Supply Partners has leased 12,200 square metres to service its eastern state e-commerce expansion.

The agreement follows Bart Group’s James Lane & Sleeping Giant recently renting another 9,956 sqm there.

With the two built to lease commitments, nearly 65 per cent of the Freeman Central project’s first stage – a 34,400 sqm warehouse – is filled.

A second construction phase will add 20,600 sqm by mid-year.

The asset is held by Dexus Australian Logistics Trust (story continues below).

Big spec sheds

Freeman Central is taking shape on a nine hectare block Dexus acquired in 2018.

The first warehouse contains a high 13.7 metre clearance, 35m super awning and 500 kW solar arrays – a renewable energy feature which also delivers cost savings.

“Demand for high quality logistics facilities in precincts that are well located near major transport hubs continues to underpin our built to lease strategy and we look forward to welcoming new customers to Freeman Central on completion of the estate,” Dexus head of Industrial Development, Chris Mackenzie, said.

JLL agents Shaun Canniffee and Greg Pike brokered the ACR deal.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco