New FMCG tenant sprints into former ASICS headquarters

The supplier of manufacturing for the non-food fast-moving consumer goods (FMCG) sector takes over the GPT-owned 15,229sq m site previously occupied by ASICS, the sportswear and running shoe brand.

CBRE’s Moshe Greengarten, Cameron Grier and John Micallef managed the campaign, which resulted in a deal with no downtime between tenants.

“Jalco had a number of separate business lines that could be consolidated into this site, which will become its corporate headquarters and distribution centre,” Mr Greengarten said.

Storm of inquiry

Sector Property Group has signed up a six-month lease for its warehouse site at Huntingdale, south-east of Melbourne CBD, to house hail-damaged cars.

Colliers International’s Andrew Chrapot and Harry Larwill leased 26-28 Hargreaves Street to Wizard Automotive Systems Pty Ltd for $35,500 per month.

The Colliers International team said insurers and repairers urgently needed somewhere to house hail-damaged vehicles after recent severe weather.

“Within hours after storm damage we are inundated with requests for large spaces for short-term leases,” Mr Chrapot said.

Sector, which bought the 3290sq m property last year, plans to use the site to continue its The Base formula specialising in small-unit warehouses. It will develop two large warehouses with double-storey offices, then 18 strata offices, with construction due to begin late this year.

Fit for purpose

SAJ Fitness has leased a warehouse property in Melbourne’s Coburg North to open a gym.

The net leasing rate for the 460-square-metre property at 140 Gaffney Street is $40,000 per annum.

CBRE’s Guy Naselli, Renee Ferraro, Broderick Turmaine and Amanda Traficante negotiated the five-year deal plus options for the landlord, a private family from the area.

SAJ Fitness has several outlets across Melbourne and is looking to capitalise on the growing personal training market in the area, according to the agents.

Mr Naselli said the tenant was attracted to the building’s proximity to freeways and clear-span nature of the space which suited its business operations.

Two-week turnaround

New Y Trading (Aus) Pty Ltd has leased an industrial facility in Lidcombe.

JLL’s Marco Chiodo, David Lidgard and Mitch Whiteley negotiated the three-year lease of 5/44 Boorea Street on behalf of Rathdrum Properties Pty Ltd.

The deal was struck two weeks after the first inspection at a net rate of $125 per square metre.

The 1533-square-metre warehouse and office is in a business park. Nearby occupiers include Storage King, Tooheys and Bunnings.

The property has on-site parking and a truck marshalling area, a large on-grade roller door and office accommodation.

Short-term presents

An industrial facility in Moorabbin, in Melbourne’s south-east, has been leased to Universal Gift Traders on a short-term basis at a net annual rental of $240,000.

The owner of 42-46 Fairchild Street intends to occupy the the 2706-square-metre property in the future. Knight Frank’s Stuart Gill and Steven Salopek brokered the deal.

New edition

Foundr Magazine has moved its global headquarters to South Yarra.

Fitzroys’ Samuel Friend and Stephen Land negotiated the four-year lease of the 500-square-metre full-floor office at 60 Wilson Street with a further four-year term at $145,000 per annum.

The agents acted on behalf of a private single-investment landlord.

The first-level office has a dedicated ground-floor double-height foyer and three car spaces off Chapel Street.

Mr Friend said Foundr Magazine, an independent media and education company, was looking to move north from Prahran and to South Yarra – and to a larger office.

More than 50 inquiries were received from companies including a dance studio, fitness centre and law firm.

Here’s to new HQ

United Lifestyle Group has a new head office in Sydney’s CBD fringe.

The direct-to-consumer wine wholesaler has signed a four-year lease for a 303-square-metre creative space at 140 William Street, Woolloomooloo, moving from its former base on the same street.

The gross rent for the space in the recently refurbished complex is between $600 and $700 per square metre.