Great Bear Distribution has struck a major prelet with Henry Boot Developments and Derbyshire county council at the Markham Vale Business Park in Chesterfield.
The third party logistics provider has taken a 479,285 sq ft distribution unit in what is the biggest deal so far at the 200-acre business park, located at junction 29A of the M1.
A 15-year lease has been agreed at a rent of £4.75 per sq ft. The building will also include 13,500 sq ft of office space.
Work will start on site by autumn 2015 with completion due in spring of 2016.
The timing of the deal coincides with the forthcoming launch of Markham Vale North, which will accommodate units from 50,000 sq ft up to 600,000 sq ft. Enabling infrastructure works are due for completion in July.
JLL and Burbage Realty are joint letting agents at Markham Vale. Legat Owen advised Great Bear Distribution.
