Occupier buys site after warehouse pre-lease campaign
A major TradeCoast hardstand site once owned by developer and investor Gib Group then fund manager, Fife Capital, has sold to an occupier with plans for a major office/warehouse.
The Pinkenba parcel – 38 Radio Street (shaded red, image, top) – is collecting $18.85 million from dry chemical logistics provider, Natrio.
On 2.51 hectares opposite Brisbane Airport, it had been available for lease since July – as a whole, for c12,000 square metres, accessed from 14 roller doors, or in parts from 4000 sqm.
The two levels of offices – up to 1000 sqm, would be A-grade.
There are also 108 car parks (story continues below).
Natrio is set to develop a larger bulky goods facility with c14,800 sqm.
Gib Group sold the asset to Fife for $8.2m in 2016.
CG Property Group’s Mark Gilbride and Michael Callow brokered the latest off-market deal.
Subscribe to our newsletter at the bottom of this page.
