Jenkins Shipping has taken a 5 year lease on a 141,500 sq ft Derbyshire warehouse.
The building, at Swadlincote, near Burton-on-Trent, Derbyshire, has been taken by logistics business Jenkins Shipping Group Limited at an annual rent of £5.75 a sq ft.
Jenkins Shipping has leased the Derbyshire premises to enable it to service a new contract.
James Clements, head of Knight Frank Midlands’ Logistics & Industrial said: “The previous tenant vacated the building five months ago so to have identified and agreed terms with another occupier so quickly is proof of the lack of Grade A accommodation available in the immediate market.”
The new warehouse has access to the A38 via Burton on Trent and the M42 at junction 11, six miles to the south.
Landlord Aberdeen Standard Investments was represented by Knight Frank and JLL. Jenkins Shipping Group was represented by CBRE.