Flooring distribution firm signs lease deal for office in Melbourne's Dandenong

Wholesale flooring distributor Premium Floors Australia has signed a lease on its newest warehouse and head office in Melbourne's Dandenong.

The property is located at 81-87 South Park Drive and the company has signed on a seven-year lease. 

CBRE’s James Jorgensen and Stephen Adgemis, along with Andrew Loudon from Crabtrees Real Estate, brokered the deal on behalf of Scaunich Investments Pty Ltd.

“Premium wanted a property that reflected its corporate image, and after an exhaustive search of the market, 81-87 South Park Drive was identified as an ideal option,” Andrew Loudon of Crabtrees Real Estate said.

Jorgensen said the property’s location and size were the main drawcards.

“Despite reasonably high vacancy levels in the south-east, there remains little choice available for tenants looking to buy/lease buildings circa 5,000 sqm,” Jorgensen said.