Logicor’s Bentall Business Park hits 100% occupancy with North-East 3PL

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KG Distribution and SIA Automotive have both taken space at Logicor’s 629,000 sq ft Bentall Business Park in Washington, Tyne and Wear.

The North-East site is now fully let following the signing of the two new leases on three industrial units.

Units 13 and 14, totalling 12,000 sq ft, have been let to K&G Distribution as a new depot for its expanding business while Unit 12, comprising 7,100 sq ft has been occupied by SIA Automotive, a Nissan supplier that required additional space.

Richard Phillips, Portfolio Director at 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.”

Bentall Business Park was let by Naylors Gavin Black and Cushman & Wakefield.

Richard Scott, Partner at Cushman & Wakefield’s Newcastle office, said: “These deals, bringing the estate to 100% 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, added: “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, County Durham.

Logicor are sponsors of the Logistics Manager Top 50 Service Providers, which begins its countdown of the fastest-growing 3PLs in the UK on 30 November.  Contact olly.filmer@akabomedia.co.uk for sponsorship details.

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