Rockspring and Caisson Investment Management have bought the 10-acre Morton Way Business Park, Darlington, County Durham, for more than £4m.
The 106,000 sq ft park, which was developed and sold by Morrisons, includes both industrial and workshop space and is around 70% occupied.
It is the latest acquisition by the Rockspring and Caisson joint venture that is seeking to build a £100m sheds portfolio.
James Ward, head of the northern region at Caisson Investment Management, said: “Morton Park represents a great opportunity. It is a site with potential to achieve full occupancy and become a strong hub for start-up and growth businesses.”
Connect Property North East has been appointed as letting agent.
