Phoenix Transport has leased a modern Berrinba warehouse held by ARA LOGOS Logistics Trust.
The occupier has committed for an initial nine years to the 7412 sqm property on 1.67 hectares at 11-19 Kellar Street.
It also rents a 9999 sqm facility nearby – owned by Frasers Property Industrial.
Colliers’ David Brisk with Knight Frank’s Lachlan Hateley and David Knox brokered the latest deal for fund manager LOGOS.
11-19 Kellar Street
Built 10 years ago and previously occupied by DHL, 11-19 Kellar St contains five container height roller doors beside a 980 sqm cantilevered awning.
It also includes three recessed docks and a 406 sqm office.
The holding has a second entrance on Wayne Goss Drive (story continues below).
Mr Frisk said Phoenix has experienced unprecedented growth since COVID led by e-commerce adoption and businesses looking to hold more stock locally in the face of globally disrupted supply chains.
His deal comes three weeks since ESR paid $17.65 million for a seven hectare Berrinba block to extend its neighbouring Gilmore Industrial Estate.
In August, McPhee Transport director Jay McPhee sold adjoining industrial investments in the suburb – stages one, two and three of 1-21 McPhee Drive – for a total of $117m to Dexus.
Last year, CEVA Logistics rented a 20,980 sqm warehouse at FPI’s Berrinba Logistics Park – complementing a 41,000 sqm facility it already occupied there.
LOGOS valued 11-19 Kellar St at $14m in June.
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