Published: 01 July 2009 12:00 AM
Industry Channel: Property
Cold Store Logistics has taken a warehouse at Easter Developments' Faverdale East Business Park in Darlington.
The company has taken a ten-year lease on Unit Four, which totals 100,000 sq ft. The steel portal frame facility boasts ten-metre eaves as well as three dock and three level access doors. It was marketed at £4 per sq ft though the deal was secured at a figure closer to £3.50 per sq ft.
The acquisition forms part of an aggressive expansion programme in agreement with Aldi Supermarkets, which has a contract with Cold Store Logistics to handle and repackage goods on its behalf. Sanderson Weatherall and King Sturge advised Easter Developments.
Also, data storage firm Capita Business Services has taken a ten-year lease on Unit One comprising 40,000 sq ft. The facility will be used for document storage and data centre facilities. Two units of 20,000 and 30,000 sq ft remain vacant. Both units are available for sale or to let.
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