This article is from the Australian Property Journal archive
COOK Medical has expanded its presence in Brisbane Technology Park after leasing 735 sqm of office space at 85 Brandl St.
CBRE’s Michael Skarparis and Mel Pikos negotiated the group’s new five-year lease deal, which adds to the company’s existing presence in Eight Mile Plains.
Cook Medical delivers healthcare business solutions and makes 16,000 products that serve hospitals across 135 countries.
“They were rapidly outgrowing their existing building and needed to make a lease decision quickly. 85 Brandl St fitted their size requirement to a tee so their decision making process was relatively short.
“Cook Medical saw a fantastic opportunity to add to their existing footprint within Brisbane Technology Park as they currently own and occupy the adjoining office building at 95 Brandl St,” Skarparis said.
The new lease deal was secured at a gross annual rental of approximately $315,000 + GST and includes 17 on site car parks. The deal included a market level incentive.
Pikos said there is strong activity from the medical industry and businesses that supply them, with recent deals to Cook Medical, Henry Schein Halas, and Integria Healthcare.
Australian Property Journal
