CBRE’s Industrial team in Leeds has secured another key regional deal during lockdown. Acting for Leeds based property company Pullans, the team has completed the letting of a 25,450 sq ft warehouse to insulation and drylining distributor Markovitz at Unit 2, Freeway Park in Castleford, Wakefield. The unit was previously occupied by Debenhams.
Markovitz, a family run business which started in 1935 and now employing more than 250 staff, has leased the modern high quality warehouse unit on a 5-year term. The Castleford unit adds to the company’s expanding group of depots serving customers across Yorkshire, the North West and the Midlands.
The warehouse includes ground floor office space, a secure service yard, 3 ground floor loading doors and separate staff car parking provision.
Sitting on the main spine road through Wakefield Europort on the junction of Express Way and California Drive, the warehouse is in a prime location near to J31 of the M26 motorway, providing easy access to the region’s motorway network.
Sophie Angus, Associate Director, CBRE’s Industrial team said:
“Securing this deal to Markovitz demonstrates a positive sign of occupier commitment to growth and business expansion despite the current climate. The unit was let immediately following the vacation of the previous tenant, limiting any void period for our client and shows the strength and resilience of the industrial sector. The mid box industrial market remains positive across the region with a good level of activity in the face of challenging times.”
Bruce Strachan, Property Director, Pullans said:
“We are delighted to have been able to secure the letting to Markovitz, especially so in these uncertain times, it is a real demonstration of their confidence in the property and in its location – they have been a pleasure to deal with throughout the letting process.”
Mike Davies-Key, Regional Director, Markovitz commented:
“We’re very pleased to have secured a fantastic modern warehouse in a prime location for distribution. We’ve been looking in the area for some time and can’t wait to be trading in June. Whilst these are uncertain times, we continue to expand the business in new geographical areas.”