This article is from the Australian Property Journal archive
DIRECT Shoe Warehouse has walked to Silverwater’s Gateway Business Park, signing a five-year lease over a 120 sqm office space for its new headquarters.
CBRE’s Maria Mangcoy and Stephen Panagiotopoulos negotiated deal on behalf of landlord Ringmer Pacific, at $300 per sqm net.
The Sydney-based retail company, trading under the parent company of Austep Trading Pty Ltd, will move to the modern, fully refurbished office space within the prominent business precinct.
The Gateway Business Park, at 63-79 Parramatta Road, was built in 1989 and is home to several tenants including MSS Security, Hy-Tech Concrete, Mammaway and Citic Hic.
Mangcoy said the business park’s location close to Parramatta and surrounding industrial areas was instrumental in securing the deal.
“Gateway Business Park provides tenants coming out of industrial estates or those looking for a high parking ratio and good amenity with modern and affordable office accommodation situated in a highly exposed location with easy access to Parramatta Road and the M4 Motorway,” she said.
Australian Property Journal
