The deal, brokered by chartered surveyors Sanderson Weatherall LLP, has seen the the sale of two units, totalling 195,000 sq ft, on a total site area of approximately 11 acres, to Independent Investments Ltd.
Independent Investments Ltd now has full control of the adjacent and currently vacant 125,000 sq ft workshop, which will be brought to the market shortly by Sanderson Weatherall.
We were delighted that Independent Investments Ltd instantly saw the potential of the facility at Wilton and by doing so we were able to deliver a very clean and uncomplicated deal for our client.
He added: "The final piece in the jigsaw, to enable the transaction to take place was the letting of the former one acre stockyard to wood processing company AW Jenkinson Forest Products, a deal that has also seen them sign a long term lease with Independent Investments Limited.
Independent Investments Ltd has bought two units totalling 195,000sq ft at the Teesside site for an undisclosed sum.
Independent Investments Ltd now has full control of the adjacent and vacant 125,000sq ft workshop, which will be brought to the market shortly by Sanderson Weatherall.
Nigel Mackenzie, of Independent Investments Ltd, added: "We are very excited about the prospects for Wilton and Teesside which we think will see an influx of new occupiers for our vacant space.