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Scholastic expands leases adjacent warehouse

Posted by Edgar Adams on 6 February 2023
Scholastic expands leases adjacent warehouse

Scholastic Australia has signed a 5 x 5 year lease on a warehouse complex at 4 Sylvania Way, Lisarow adjacent to their present premises in Railway Crescent.

Terms of the lease were not disclosed.

The property comprises a site area of 6.48ha IN1 zoned land, improved by two industrial buildings, each including warehouse, office and amenities totalling 9,953.7m². Building 1 has an area of 6,185.5 square meters* and building 2 has an area of 3,768.2 square meters*. Both buildings feature awnings over loading areas and are connected by way of a 534 square meter* breezeway

Commenting on the property Ben Curran from Colliers who negotiated the lease said, “this is a significant transaction for the Central Coast, retaining a Multi-national company and major employer in the area. Scholastic have been located in Lisarow for over 50 years and it is great to be able to assist with their growth strategy.

The building was originally built for Sylvania Lighting and most recently occupied by Interpod. A vast amount of works have been carried out to transform the premises from a workshop to suit Scholastic’s hi tech warehouse requirements.”

Author:Edgar Adams
Tags:Business News

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