An Asian food wholesaler behind Queensland’s Hanaromart grocery store chain has leased warehouse space south of Brisbane following its expansion.

KOZ Worldwide has signed up to occupy 7,626 square metres, including 500 square metres of office space, in an industrial facility at 278 Orchard Road in Richlands for 10 years, in a deal negotiated by Lachlan Hateley and Mark Clifford of Knight Frank.

At a glance:

• KOZ Worldwide, the distribution and wholesale arm behind Queensland’s Hanaromart grocery stores, has leased space in an industrial facility at 278 Orchard Road in Richlands to accommodate its expansion
• The Asian food wholesaler will occupy 7,626 square metres after relocating from two smaller premises in Archerfield
• A remaining 17,000 square metres of space in the facility is being marketed for lease by Knight Frank

The tenancy features six roller doors plus a large 20-metre-wide all-weather loading awning.

Hateley said the tenant had relocated to Richlands from two smaller facilities at Archerfield totalling approximately 3,500 square metres plus stock, which was held by a 3PL provider.

“KOZ Worldwide is consolidating its operations in this new facility,” he said.

“The tenant has leased this space to cater for the major expansion of both its wholesale business as well as its retail network, which currently consists of 15 shops, including several in Westfield Shopping Centres.

“The location of this property was one of its biggest attractions for the tenant – it’s situated in Brisbane’s prime southwestern industrial corridor and perfectly positioned to provide easy access to major business centres and national road networks.”

Hateley said industrial space with a tenancy size of 6,000 square metres to 8,000 square metres was limited in the southern corridor, providing tenants with few choices.

“This is a tight part of the market with limited choice for tenants,” he said.

“The tenant was attracted to the space at 278 Orchard Road due to the large all-weather loading awning plus the flexibility to cater for the tenant’s exact size requirement by installing a new tenancy wall to split what was an existing, much larger tenancy.”

The distribution centre at 278 Orchard Road has a total building area of circa 53,000 square metres and sits on a 11.26-hectare corner site.

The leasing deal is the third lease secured in the past nine months for the property, with Knight Frank co-ordinating a major leasing campaign at the estate over the past 12 months.

The previous two leases were to MCM Logistics, which is occupying 7000 square metres, and Flexitech Group, which has leased 6,500 square metres.

“A total of around 21,000 square metres has now been leased over the three deals, with 17,000 square metres remaining for lease, with the flexibility to be split the space,” said Clifford.

“As a result of its functionality, significant hardstand and dual street frontage, the property can be easily subdivided and can cater for a wide range of end user requirements, ranging from 7,000 square metres to 17,000 square metres tenancies.

“With significant interest from a number of additional tenants, and limited space in this southern corridor, we anticipate future leasing success for the asset imminently.”

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