FJT Logistics has leased a Melbourne Airport distribution centre just vacated by Japanese rival, Nippon Express, which has expanded.
The 4,532 square metre property, Warehouse B, Reid Way, is within Melbourne Airport Business Park and owned by Melbourne Airport Corporation.
Knight Frank’s Marco Sandrin and Brent Glassford brokered the deal.
FJT will relocate from Keilor Park – the suburb south of Melbourne Airport.
Nippon, meanwhile, consolidated from two sites including Warehouse B, Reid Way, to a larger distribution centre in Laverton North, owned by 151 Property.
Melbourne Airport on the radar of both north and west occupiers
About 19 kilometres from the city, agency research departments classify Melbourne Airport and neighbouring Tullamarine as being west – but in fact, the pocket is only a couple of suburbs away from Broadmeadows and Campbellfield – established northern industrial hubs.
While Mr Sandrin wouldn’t comment specifically about the FJT deal, of Melbourne Airport Business Park in general he said rents average between $85-$100 per sqm net, pa, ex-incentives (story continues below).
Centuria, Frasers, Growthpoint, with MAC, are amongst the region’s biggest landlords.
Occupiers within the distribution space include Air Menzies International, Bollore Logistics, Border Express, Direct Couriers, DHL, DSV Air and Sea, Seaway Logistics, Star Track, TNT Express and Toll.
Agility Logistics will soon relocate from two properties in Melbourne Airport Business Park to a 32,000 sqm property which is under construction at the south west corner of Airport Drive and Sky Road.
It will join Bapcor which is also relocating from multiple sites to the MAC facility.
“We are currently experiencing increased enquiry levels from businesses that are in the transport and logistics sectors in Melbourne’s northern industrial market, particularly in the Tullamarine precinct” Mr Sandrin said.
Most are responding to increased activity and demand, coming off a boom in online and e-commerce in recent months, he added.
The resilience of the market is set to be tested, with Unilever this month seeking to sub-let a 44,000 sqm factory at the south east corner of Sky and South Centre roads.