The Australian division of New York based Central National-Gottesman has leased a Rowville office/warehouse less than a week after it hit the market.
The pulp, paper, packaging, tissue and plywood distributor – one of the biggest in the world – has signed at 1/39 Laser Drive for three years.
It is paying starting annual rent of $90 per square metre – the full asking price – following a deal negotiated by Crabtrees Gavin Dumas and Megan Miles.
In Melbourne Central National Australia presently occupies space within a Wantirna South office, about six kilometres away.
With a c2900 workforce, CNG operates out of industrial and retail property in 26 countries.
According to Forbes, the family owned business was the United States’ 67th biggest private company in 2019 – with annual revenue of US$6.2 billion.
Five years ago it acquired Spicers Canada, a subsidiary of the local Paperlinx (story continues below).
Access to arterials, skilled workforce, keeps Rowville tightly held: agent
Central National Australia’s double storey Rowville building contains 495 sqm of area – of which just over two thirds is a high (seven metre) clearance warehouse. It also includes nine car parks.
On the south west corner of Henderson Road – which connects Kelletts and Ferntree Gully roads, it is adjacent to parkland around Corhanwarrabul Creek.
The suburb is about 27kms south east of Melbourne.
“Rowville is a tightly held location with relatively modern premises, easily accessible to major road networks including Eastlink, Wellington and Ferntree Gully roads,” Mr Dumas said.
“Coupled with access to a skilled labour force in the surrounding residential catchment areas there is a consistent demand for quality accommodation,” the executive added. “Leasing activity and transactions are continuing as business looks past COVID-19 and plans for the future”.