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Case Study Office Leasing: Sydney North

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By Dan.R Walker and Michael Arcus

100 Arthur Street, North Sydney

Challenge

Re-positioning and leasing of a large amount of vacant office space with minimal downtime and strong covenants.

Strategy

  • Promote the building upgrades and major improvements including the Co-Lab third space, full time concierge, foyer upgrades and the end-of-trip and wellness facilities
  • Target occupiers looking to upgrade their office space and provide their staff with a prime workplace to improve retention and attraction
  • Target occupiers from locations outside of North Sydney as an excellent alternative to their current location.

Result

  • Transacted with four tenants in the month of June 2021 alone
  • Totalling nearly 3,000 sqm in the A grade building
  • Rents achieve ranged from $720/sqm to $850sqm
  • Attracted occupiers from locations outside of North Sydney including the CBD fringe

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Testimonial

“Dan Walker and Michael Arcus continue to provide us with a great level of service and a dedication to delivering results on our behalf at 100 Arthur Street, North Sydney. It has come as no surprise that they have been able to achieve some outstanding results, having leased nearly 3,000sqm in the month of June alone. They are a pleasure to work with and I look forward to the Colliers and CLA Real Estate partnership growing into the future.”

Yean Cheng
Vice President, Asset & Investment Management
CLA Real Estate

Related Experts
Dan.R Walker | Colliers | Sydney North

Dan.R Walker

Director | Office Leasing

Sydney North

+61 2 9004 5827
+61 413 597 677
Email

Dan Walker is a property professional with 16 years of real estate experience and an enviable track record in office landlord representation, asset repositioning and tenant brokerage. Dan prides himself on excellent client service and delivering exceptional outcomes for all stakeholders.

Dan leads the Office Leasing team in key North Shore markets including North Sydney, St Leonards, Chatswood and Macquarie Park.

Dan commenced his career in residential real estate, and immediately gained a passion for property. After selling many properties within his initial core area, Dan was offered a position by the newly formed McGrath Estate Agents Central Coast with Mat Steinwede. Dan worked directly under Mat whilst perfecting his skills and expertise in all areas including negotiation, mindset, and six star client service. Following a successful 4 years, Dan relocated to Sydney and entered the commercial property arena.

Completing his first commercial leasing transaction within his first week and following a six month knowledge building period in a boutique commercial firm, Dan was fortunate enough to be offered a position with the market leading Colliers International Sydney CBD Office Leasing team.

In his first year, Dan brokered over 50 transactions within the Sydney CBD, and was recognised for these efforts by being awarded the highly sought after Rookie of the Year award.

Prior to his current role in Sydney's North, Dan was involved in the appointment and leasing success of prime grade commercial office assets throughout the Sydney CBD on behalf of major onshore and offshore funds and institutional clients, with involvement in over 50,000sqm of leasing transactions in iconic Sydney office buildings including Grosvenor Place, Gold Fields House & Piccadilly Tower.

Dan lives in Sydney with his wife and two dogs and enjoys exercising outdoors, music, travel, and discussing economics and business both locally and globally.

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Michael Arcus | Colliers | Sydney North

Michael Arcus

Director | Office Leasing

Sydney North

+61 2 9004 5834
+61 438 550 967
Email

In 2005 I commenced my property career with DTZ Property working in the lower North Shore Market in Industrial, sales and leasing.   

In 2006 I joined CBRE in office leasing where I worked with major institutional and private owners focussing on new and existing metropolitan projects. I was made Senior Negotiator in Leasing in 2008.

In 2010 I joined Colliers International based in North Sydney in which I look after the Metropolitan Leasing. I specialise in working with tenants in the market finding office accomodation and working with owners promoting their office space.

 

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