05-09-14 - US FIRM SECURES NORTHSIDE DIGS

PHIL BARTSCH

MINING-related tenants are continuing to tap into Brisbane’s industrial leasing market with one of the latest deals secured by a US-based firm expanding its local operation.

Mercer Valve Co Inc has taken a four-year lease with a four-year option on a 1279sq m office/warehouse at 12/210 Robinson Rd, Geebung.

The leasing rate has not been disclosed but the property was being marketed for $140/sq m plus GST and outgoings. Nick Whinnett and Lawrence Temple from Raine & Horne Commercial negotiated the deal.

“We’re noticing an increase in inquiry from a number of US-based mining-related and agricultural companies for large industrial leases from 1000sq m to 5000sq m,” Mr Temple said.

The Geebung property is a modern facility comprising 250sq m of office space over two levels and a 1029sq m warehouse with more than 10m internal clearance, three phase power supply and access via five container-height roller doors.

Mercer Valve Co Inc is a privately owned, US-based company specialising in the production, installation and servicing of high pressure oil and gas safety release valves.

It is relocating from a 317sq m office/warehouse unit at Pritchard Rd, Virginia, where it launched its Australian operations in 2011 but has quickly outgrown.

Mr Whinnett said Mercer Valve Co Inc had looked for the right property.

Source: The Courier Mail, 05-09-14

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