An industrial scheme at Hawleys Lane in Warrington has become fully occupied after property advisor JLL secured a 14,049 sq ft letting to Penlaw & Co, on behalf of Hermes Investment Management, the £35.3 billion manager.
The drywall distributor has taken a 10-year lease at £6.75 per sq ft to occupy Eagle Park’s final remaining unit. The firm will use the shed as a trade counter and for product storage.
The deal follows joint letting agents DHRE negotiating a 10-year lease at £6.50 per sq ft on a 16,521 sq ft unit. Second-hand car dealership Rix Motor Company will be taking the space for car preparation and storage purposes. Both are modern detached units with fully-fitted two-storey offices and their own fenced service yards.
Eagle Park comprises of 13 units across 14 acres. Occupiers at the estate include Bishopsgate, Relay Technical Transport, Retail Associates and Primeline Logistics.
Richard Johnson, director at JLL, said: “Eagle Park’s popularity is buoyed by its prime location, with great access to Manchester, Liverpool and the wider North West. The scheme being fully let demonstrates strong demand for high quality industrial space in the region.
“With more Grade A estates like this becoming fully occupied, including nearby scheme Taurus Park, it is important for landlords refurbish to a high standard where necessary modernize older stock, which can be a key differentiator in capturing demand.”
