New era for property family's agency
Leading Western Sydney property specialist Jon Orsborn has joined LJ Hooker Commercial in a rejuvenation of the family-owned agency’s management.
Mr Orsborn, a former Director of Industrial at Colliers South-West who has transacted over $1 billion in commercial sales and leased in excess of 1.5 million square metres of space, has become a part-owner of LJ Hooker Commercial Bankstown, continuing his association in a market where he has concentrated for 14.5 years.
The industrial specialist has a matchless sales and leasing record in the region, including:
· Mirvac’s purchase of owner-occupant Clorox’s warehouse and office space over a 37,720sqm site in Gow Street, Padstow, for $30.175m plus GST;
· The sale of Lincoln Electrics main warehouse facility at 35 Bryant Street, Padstow which offered a 36,000sqm warehouse on a site of 60,000sqm.
· The lease of Stockland’s new office and warehouse facility at Chipping Norton to Orora Packaging with a warehouse of 9,582sqm;
· Lease on behalf of Qube of a 18,000sqm high clearance warehouse and hardstand in at the Moorebank Intermodal facility.
Mr Orsborn joins the helm of the company alongside existing uncle and nephew directors, Paul and Tim Byrne.
“LJ Hooker Commercial Bankstown is one of the original commercial and industrial specialists in the area; an agency in which institutions through to high net worth investors and mum and dad operators have helped build their property wealth,” said Mr Orsborn.
“Joining a well-established, boutique team with deep-rooted market knowledge and relationships with long-standing clients – many of whom I have also worked with – is rare opportunity and I’m looking forward to taking the agency forward in its next chapter.”
Mr Orsborn’s move coincides with veteran property professional Geoff Byrne’s retirement as a co-Director of LJ Hooker Commercial Bankstown after nearly 20 years with the long-standing local specialists.
Paul Byrne said: “Tim, I and the rest of the team would also like to thank Geoff for his contribution to our office over the last two decades. We’re thrilled he’s been able to move into retirement and enjoy the fruits of the agency he’s helped build. I personally know he’s very happy to hand over his reins to someone of Jon’s calibre, happy to watch him, and his son Tim, enjoy a similar, long-term career as he has had.”
Paul said the Bankstown market was one of the most resilient in the city’s South-West.
“It’s under-pinned by a continual under-supply of stock – a result of contemporary development controls in a marketplace with a healthy proportion of post-World War II industrial (buildings),” said Paul.
“Infrastructure additions add to this appeal with the CBD to Bankstown metro rail and WestConnex improving both passenger and logistics movements in the area, creating greater efficiencies for businesses.”
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