US logistics operator Expeditors has agreed to lease Unit 2 North Point, a 62,500 sq ft speculatively built warehouse in Trafford Park.
B8 Real Estate acted for landlord Harbert European Real Estate Fund III on the deal, securing a 15-year letting.
North Point comprises two units, with Unit 1 pre-let to HSS Hire.
B8’s Paul Thorne said: “Expeditors have had a long-standing requirement in the market and we are delighted to have been able to secure them within the North Point scheme. The lease length and rental achieved reflect the demand for high quality new build premises within a prime industrial location such as Trafford Park.”
CBRE’s asset management team acts for Harbert at North Point. Director Howard Hill said: “With so much concern around the lack of good quality industrial buildings within the region at present, we take our responsibility to ensure that we can offer a high specification solution to potential occupiers very seriously, and that commitment has paid off.
“We are fortunate to have some established brands operating from the Trafford Park portfolio.”
B8 Real Estate is joint agents with Knight Frank. Expeditors was unrepresented on the deal.