Four groups including the state government have signed leases for speculatively built industrial properties at TradeCoast Central, replacing the ex-Eagle Farm Airport, in Brisbane’s east.
In the biggest deal, Neta Tire Service & Sales has leased an 8000 square metre warehouse attached to a 600 sqm office, at Lot 38 Charles Ulm Place, paying a starting annual rent understood to be c$614,575.
The property also includes 3000 sqm of hardstand.
The lease term is for an initial 10 years.
Meanwhile, the Queensland government has signed a five year agreement for the balance of that building – a 3600 sqm warehouse and 400 sqm of offices over two floors.
A little further down the street, known as Clyde Gessel Place, Eagle Farm, Melbourne based Holman Industries will rent a 7500sqm freestanding facility – the bulk of a c13,500 sqm facility (story continues below).
An international freight forwarder, meanwhile, has leased the balance (c6000 sqm), for seven years.
“The four tenants…are relocating or expanding from older, smaller facilities, reflecting the demand for newer, more efficient spaces within TradeCoast Central,” Cushman & Wakefield’s Myles Fredericksen, who struck the deals with Bevan Galloway, said.
The business park is being led by local developer Bob Tucker.
Bevchain, EB Games, Enerflex, Pentagon Freight, Nautech Electronics and Ultra Labels are amongst other occupiers.
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