Three new tenants move into Key Industrial Park in Melbourne's Keysborough
Three new tenants have moved into Frasers Property Australia’s Key Industrial Park in Melbourne’s Keysborough.
The tenants are driveline products manufacturer Dana Australia, Licensing Essentials and hardware supplier Pinnacle Diversity.
Key Industrial Park is nearly 100 hectares of Industrial 1 zoned land with major frontages to Greens Road, Perry Road. It is Melbourne's South East benchmark in industrial development and provides access to EastLink and all other major road networks and proximity to the main port, airport and CBD.
Leading driveline products manufacturer, Dana Australia, has signed a seven-year lease for a 10,000 sqm facility comprising 8,972 sqm warehouse and 1,028 sqm office plus 100 car spaces.
Licensing Essentials has also entered into a seven-year lease for 8,120 sqm space comprising 7,720 sqm warehouse and 400 sqm office.
Pinnacle Diversity committed to a five-year lease. The company will supply and distribute home hardware products from its 7,242 sqm premises comprising 6,842 sqm warehouse, 400 sqm office.
“We are very pleased with the level of activity at The Key Industrial Park with all three companies committed to leases prior to practical completion,” said Anthony Maugeri, general manager Southern Region C&I for Frasers Property. “The lack of land and quality warehouse facilities in Melbourne’s South-East has helped us secure the most recent deals,”
Dana was a pre-commitment with Frasers Property speculatively building two tenancies adjoining this building. These buildings were both leased prior to completion. Dana and Licensing Essentials recently moved in and Pinnacle Diversity is expected to move in soon.
The three new tenancies are located on Hudson Court.
The deals were negotiated by Ben Fahey and Andrew Hanna from Frasers Property, Kosta Finn from Savills, Danny Green from Cushman Wakefield and Matt Ellis from JLL.
The Key Industrial Park has been developed to accommodate purpose built facilities for Adairs, Symbion, AstralPool, BIC Oceania, TriMas, Early Settler, Rinnai, Sealy, Miele & DANA.
