The 15-year lease rewards Panattoni’s decision to launch speculative development at the 1.7 million sq ft industrial park at junction 16 of the M1 motorway.
Two further speculative units of 430,000 sq ft sand 380,000 sq ft are under construction.
The 625,000 sq ft first phase let to Eddie Stobart Logistics.
All buildings are built to a BREEAM rating of ‘Excellent’ and have an EPC ‘A’ rating.
“Speculatively developing 1 million sq ft in one phase is testament to the importance of Northampton as a logistics location and the high level of occupier demand for the park,” said Oliver Bertram, Development Director for Panattoni.
Letting agents for Panattoni are Savills and Burbage Realty. 4PX Express was advised by Altus Group.