A 39,847 sq ft industrial building in Darlington has been let to flooring specialist, the CreateCity Group.
The Shildon based company, which operates the Franks The Flooring store brand amongst others has taken a lease on Unit 1 Roundhouse Road at Faverdale East Business Park in Darlington.
The deal was completed by the Newcastle office of Cushman & Wakefield and joint agents Naylors Gavin Black on behalf of IPIF (Industrial Property Investment Fund) and was agreed and completed within four weeks. Connect Property North East acted for the tenant.
The unit is located on the established Faverdale Industrial Estate and has close links to J58 of the A1 motorway. It had undergone an extensive refurbishment earlier this year.
CreateCity Group will be using the unit as warehousing for their expanding business.
Richard Scott, Partner in Cushman & Wakefield’s Logistics & Industrial team in Newcastle said: “We are delighted to have been able to secure a strong local occupier for the unit at Faverdale. The fact the transaction was completed within four weeks and during lockdown is evidence of the strength of North East industrial market even in uncertain economic times.”
John Gods, from CreateCity, said: “We’re pleased to have been able to open a new warehouse in Faverdale. It’s location just off the A1 is perfect and provides us with more space for our products as we continue to expand our operations.”
