Forza fills ex-Salvation Army HQ after five months
Forza Capital has all but filled the biggest commercial building in Mont Albert Village, five months since settling, when a third was vacant.
Serviced office provider Waterman Workspaces is the highest profile new occupier at 3-7 Hamilton Street.
It will join Haines Muir Hill, from Doncaster East, and Ebix, trading presently at Surrey Hills.
With the commitments, all but five per cent (a 187 square metre suite) of the three level, 3720 sqm A-grade office is committed.
Lemon Baxter’s Josh Tebb and Mario Nobrega with Gill Property’s James Treloar are the agents.
Occupancy, capital value up
Forza acquired 3-7 Hamilton St for a single asset fund backed by high net worth investors.
On 1573 sqm, the building underwent a swank refurbishment just before the national COVID lockdown.
Between 1994-2007 it was occupied by the Salvation Army as its metropolitan headquarters.
Until last year, the Commonwealth Bank of Australia occupied a chunk for a business centre. Rubicon is the key occupier nowadays (story continues below).
Mont Albert is about 12 kilometres east of Melbourne’s CBD.
One of four new Waterman addresses
The Mont Albert address was one four Waterman announced it would move into this year.
Established by Neville Waterman nine years ago, it has also leased at Blackburn North within the newly redeveloped Blackburn Square Shopping Centre – one of only a handful of Victorian malls anchored by three supermarkets,
In the north, the group will also open doors within a piece of Merrifield controlled by QIC.
Another Waterman is set for the lower level a build to rent tower Greystar is constructing in South Yarra, near the train station.
Last year, the serviced offices giant opened at Moonee Ponds and Clayton.
It also trades from major shopping centres Chadstone, co-owned by Vicinity and John Gandel, and Eastland, where QIC is again the landlord.
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