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Merrifield DC leased to RMA Automotive

Merrifield DC

CBRE says RMA Automotive, a major global supplier of vehicles, accessories and parts has committed to a lease for the 21,385 sqm DC at MAB Corporation’s and Gibson Property Corporation’s Merrifield Business Park.

CBRE notes this commitment demonstrates the success of speculative development strategies in Melbourne’s north.

The real estate investment firm’s Daniel Eramo and Joe Brzezek negotiated the lease for the super-prime grade facility at 19 Innovation Drive, Mickleham.

“This significant leasing transaction highlights the recent success of the speculative development market in Melbourne’s north, with the last three significant large scale speculative developments being either fully committed prior to practical completion, or shortly thereafter,” Daniel says.

“This new wave of large-scale speculative development through Melbourne’s north is creating opportunity for high-quality corporate tenants to service the demands of their growing businesses, and also strategically position their supply chain networks in the centre of Victoria,” he adds.

CBRE says the medium-term lease for the 19 Innovation Drive DC was signed before the facility was finished being built.

The DC features nine on-grade roller shutter doors, four recessed loading docks, 14.6 metre ridge height and super canopy with expansive hardstand, which allows for trucks to pass through and for marshalling.

Lydia Gabriel, Dexus Development Manager says the Merrifield Business Park was a core asset for the group.

“Positioned just off the Hume Freeway, 19 Innovation Drive provides exceptional supply chain benefits to Australia’s eastern seaboard with the ability to deliver to approximately 80 per cent of Australians within 12 hours,” Lydia says.

RMA Automotive, which provides expertly modified vehicles, fleet vehicles as well as accessories, parts, and after sales service and training will be surrounded by other companies such as Ford, Dulux, DHL and D’Orsogna in the estate.

For more information on CBRE, click here.

 

 

 

 

 

 

 

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