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BRISBANE September 27, 2013 - Chris Davis and Brendan Delahunty from Jones Lang LaSalle have leased an 8,012sqm office and warehouse facility within the Northshore Hamilton precinct on behalf of Economic Development Queensland to the leading online auction house, GraysOnline.
GraysOnline were introduced to the building by Sam Higgins from CBRE and Ben Armstrong from LJ Hooker.
The building at 130 MacArthur Avenue in Hamilton has been leased for $480,000pa in a five year deal, with options.
“The Hamilton facility will see GraysOnline relocate their entire Brisbane operation to this property, from their previous location in Acacia Ridge,” said Jones Lang LaSalle’s Brendan Delahunty. “The tenant is undertaking significant works to the building which is reflected in the rental.”
GraysOnline are a leading online auction group, with multiple facilities around the country which act as collection points for their customers.
The lease is a result of the company’s growth.
“The large hardstand area of circa 8,000sqm provides increased capacity for GraysOnline to deal with their growing number of Mining, Transport, Civil and Agriculture assets,” said Jones Lang LaSalle’s Chris Davis.
“The site’s excellent position in terms of transport and its proximity to the Port was a key priority for mining assets selling overseas, while the hardstand enables the company to deliver to their fast growing industrial business in Queensland,” he said.
Northshore Hamilton is Queensland’s largest urban renewal project with an end value of more than $4 billion. In 2010 Jones Lang LaSalle was engaged to prepare the initial five year development strategy for Northshore Hamilton and following this, has also provided a Strategic Property Advisory role.
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