Wednesday 13 April 2011

Glendenning. Relocation at $100 psm

Steel-Line Garage Doors has moved from Arndell Park to Glendenning after signing a three-lease, with a three-year option, for a 1946-square-metre industrial facility, at a rent of $100 net per square metre. The company will use the facility for its production and distribution business. Marcel Elias and Paul McGlynn, of Colliers International, negotiated the deal. Steel-Line has been operating across Australia since 1979. In April 2007, Steel-Line was acquired by the private equity firm Crescent Capital whose aim is to build Steel-Line to be the leading provider of vehicular access products and systems.

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