Toll has secured the last vacant speculative tenancy within Fraser Property Industrial's Braeside Industrial Estate, located south-east of Melbourne's CBD.

Positioned at 2 Beyer Road, Braeside, Toll’s 10,787 sqm high-clearance facility comprises 10,193 sqm and includes 591 sqm of office space.

The global logistics service will join GALE Pacific at the site, with the latter having leased the adjoining tenancy.

At a glance: 

• Toll Global Express has signed a lease deal for Fraser Property Industrial's Braeside Industrial Estate in south-east Melbourne.
• The deal means the 23-hectare estate, which comprises 62,000 sqm of prime modern industrial facilities ranging from 6,000 sqm to 14,500 sqm, is 100 per cent leased.
• CBRE Senior Directors David Aiello and James Jorgensen brokered the deal.

The deal means the 23-hectare estate, which comprises 62,000 sqm of prime modern industrial facilities ranging from 6,000 sqm to 14,500 sqm, is 100 per cent leased.

Frasers Property Industrial Southern Regional General Manager, Anthony Maugeri, said a mix of low vacancy rates, tight land supply, rental growth and strong tenant demand had driven global businesses and ASX listed companies into Braeside Industrial Estate. 

“Companies looking to take advantage of new infrastructure linkages, namely the Mordialloc Bypass will also significantly benefit from moving into the industrial park," he said.

“We are delighted to secure Toll in another Frasers Property Industrial development.

Source: Frasers Property Industrial 

"It is particularly pleasing when we work with repeat customers like Toll, whom we have previously developed for in Port Melbourne, Truganina, Altona and Melbourne Airport."

CBRE Senior Director David Aiello, who brokered the deal with James Jorgensen, said Frasers Property Industrial’s ability to act quickly and be flexible was "critical" to the deal.

"Toll required a facility that would cater to its all-weather loading activities, high volume of truck movements and parking," he said.

“Yet again, Fraser Property Industrial’s ongoing commitment to speculative development has paid off in a market that is facing a critical shortage of A-Grade warehousing options.

Source: Frasers Property Industrial

"They are market leaders when it comes to designing industrial facilities, which in this case with only slight modifications can accommodate almost all logistics users.”

Key features of the facility include a 34-metre super awning, corporate-grade mezzanine office, six roller shutter doors, and four recessed loading docks.

The property was designed to achieve a 5 Star Green Star Design & As Built v1.1 certified rating from the Green Building
Council of Australia.

Frasers Property Industrial has one site/opportunity remaining in the estate which has planning approval for circa 31,000 sqm of gross lettable area.

Braeside Industrial Estate has excellent linkages to and from the industrial park via a new signalised intersection on Governor Road, developed by Frasers Property Industrial.

The estate also has good access to the Monash and East Link freeways and will be a major benefactor of the under-construction Mordialloc Bypass, earmarked for completion in 2021.

Similar to this:

Ozito Industries takes the first tenancy in Frasers Property Industrial’s Dandenong South development

CEVA Logistics signs five-year lease deal for south-east Queensland facility

Berrinba industrial precinct experiences record demand