The last remaining tenancy in a new A-Grade industrial development at Richlands, in Brisbane’s southwest industrial corridor, is up for lease.

The tenancy at 18 MacGregor Place offers 3,650sq m of space, consisting of 3,445sq m of warehouse space and 205sq m of corporate grade office space on a 13,773sq m parcel of land

The other tenancy in the Richlands development, Tenancy 1, consisting of 4,031sq m, has already been leased prior to construction completion of the project.

The site at 18 MacGregor Place was sold to Clarence Property on a fund through in in 2021 with the 7,681sq m industrial facility subsequently being built.

The space is Tenancy 2 is being marketed for lease by Mark Clifford and Ned Jefferies of Knight Frank.

Features include excellent internal clearance of 9.5 metres to 12.2 metres, three container height electric roller doors and ESFR sprinkler systems fitted throughout the warehouse.

Mr Jefferies said the tenancy had appealed to a range of tenants including warehousing and logistics users, due to its quality and location.

“It’s a highly functional warehouse space and also offers a concrete hardstand area for efficient truck manoeuvrability, container set down and external storage,” he said.

“The property offers exceptional business exposure to the busy Boundary Road and is close to transport networks including the Ipswich Motorway, Centenary Highway, Logan Motorway and the Brisbane CBD.

“Richlands has long been home to some of the country’s largest warehousing, logistics and manufacturing companies.

“It is a proven industrial hub that benefits from being located on the doorstep to the major roads, allowing it to service all parts of the ever-growing South East Queensland region.”

Mr Clifford said tenant demand in Brisbane’s industrial market continued to be strong.

“We have seen significant take-up of industrial space over the last three years, especially in speculatively built product,” he said.

“With 46 per cent year on year take up in the Southwest corridor and no new speculative starts at the end of 2022, space is becoming increasing tight in this area.”

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