Logicor’s 629,000 sq ft Bentall Business Park in Washington, England is now fully let with two new leases recently signed on the three remaining industrial units.
Units 13 and 14, totalling 12,000 sq ft have been let to K&G Distribution as a new depot for their expanding business based in the North West of England. Unit 12, comprising 7,100 sq ft has been occupied by SIA Automotive, a Nissan supplier who required additional space.
Located in the North East of England, Bentall Business Park was let by local agents, Newcastle firm Naylors Gavin Black and Cushman & Wakefield’s Newcastle office.
Richard Phillips, Portfolio Director, Logicor, said: “Bentall Business park is one of the largest assets within Logicor’s Multi-Let Industrial portfolio. We are delighted to mark the scheme as fully let and look forward to helping local businesses grow. It has truly been a great team effort from our fantastic agents Richard Scott of Cushman & Wakefield and Chris Donabie of Naylors Gavin Black to secure these new tenants.
“Richard and Chris will remain as our retained agents at Bentall and are also appointed to market our scheme on South West Industrial Estate in Peterlee.”
Richard Scott, Partner at Cushman & Wakefield’s Newcastle office, said: “These deals, bringing the estate to 100 per cent occupancy, underline the strength of the North East industrial market despite macro economic uncertainty as well as the continued demand from businesses looking to expand in the area.”
Chris Donabie, Partner at Naylors Gavin Black, adds: “Earlier this year we [also] let 78,000 sq ft at Bentall Business Park to an existing tenant to enable the expansion of their operation. We are seeing similar levels of interest on the remaining units on Logicor’s scheme in Peterlee, benefitting from the ongoing refurbishment programme on their vacant stock.”
Logicor will shortly commence the marketing of its 73,000 sq ft warehouse on Swan Road at North West Industrial Estate in Peterlee.