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News release

BRISBANE

Global energy name takes 3,000+sqm at 33 Park Road in JLL deal


One of the world's leading energy sector operators will call 33 Park Road their Queensland headquarters following a major lease deal negotiated by JLL Queensland Regional Director, Head of Property & Asset Management Brett Stack.

ConocoPhillips has leased 3,085sqm over levels 1 and part of level 2 at 33 Park Road in Milton, now recognised as one of Brisbane's largest inner city, transit-oriented sites and a leading fringe commercial asset. 

The seven-year lease includes 105 undercover and secure carbays.

"33 Park Rd appealed to ConocoPhillips because of its great location close to Milton Rail, the new Park Rd Ferry Terminal, local amenities which are in constant development and expansion mode and the lessor works recently undertaken to improve the building," said Mr Stack. 

"Within eyesight of the Brisbane CBD, 33 Park Road is a prime inner city commercial asset. Recent building improvements include a refurbished foyer, amenity upgrades with showers, toilets and 40-bike end-of-trip-facility including lockers and racks, new storage area, new lift cabs and balcony upgrades," said Mr Stack.

"Owner investment into what tenants want will always result in a quality tenant mix. Landlords who understand key tenant drivers and continue to improve their assets in line with these will continue to be an attractive option in the marketplace."  

"With over $15 billion in nearby infrastructure and investment projects in the pipeline including the TransApex Road Network, Kurilpa Riverfront Renewal Project, South Bank Cultural Precinct and Queens Wharf, 33 Park Road is set to continue to benefit from extensive development and investment in its immediate vicinity," Mr Stack said.

Mr Stack said the improvement program was continuing at 33 Park Road with the owner redeveloping the forecourt facing Park Road to include new green space, signage opportunities and surface treatments. The improvements should be complete by end July.

33 Park Road in Milton is both managed and leased by JLL, headed by JLL's Queensland Regional Director, Head of Property & Asset Management Brett Stack.