Avison Young Secure Letting at Infinity Park, Monkton Business Park
Avison Young, acting on behalf of Washington-based Hellens Group, has secured the letting of Unit B, Infinity Park, Monkton Business Park South, Hebburn, South Tyneside.
Unit B which comprises 16,469sq ft (1,530sq m) is one of 3 units developed at Infinity Park, Monkton Business Park. LV Logistics, part of the LV Group of Companies, has signed a 10year FRI lease of the industrial warehouse unit.
Monkton Business Park is superbly located within the Tyneside conurbation giving easy access to the A1 and A19 corridors as well as the national trunk road network.
Gavin Cordwell-Smith, chief executive of Hellens Group, comments: “We are hugely proud of our work in developing Monkton Business Park and its capacity to deliver the units needed for companies like LV to grow. We look forward to welcoming them to site.”
Phil Hood of LV Logistics adds. “The new warehouse is part of LV’s planned, continuing growth across its UK operations. We’ve already had firm enquiries for storage from our existing customers and we believe the Infinity Park site allows us to offer real quality and value to them as an integral part of our wider logistics service”
Adam Lawson, Surveyor, Avison Young, joint letting agents with HTA Real Estate says “We are delighted to have secured LV as tenants in this high-quality industrial warehouse unit. This letting highlights that the industrial market in the northeast remains robust, even in turbulent economic times.”