Up Property has pre-committed Barwon Health to a five storey Geelong office set to replace the Belcher Arcade.
The state government backed tenant will occupy 181 Moorabool Street as a mental health and addiction treatment facility.
Construction of the 3268 sqm project will begin this month.
It will open late next year.
Gartland Property’s Michael De Stefano and Adam Farrell brokered the deal, which will see Barwon Health consolidate from several local properties (story continues below).
Its new facility will operate after hours and on weekends and public holidays, servicing the Greater Geelong and Colac regions.
Up Property paid $2.7m for the two storey arcade in 2017; it has been seeking occupiers since mid-2019.
Earlier this week we reported the builder and investor paid $6.42m for a townhouse development site in Wantirna South, east of Melbourne.
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