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US firm Expeditors signs up for speculative Trafford Park unit

US-based global logistics firm Expeditors will occupy a new speculatively built warehouse unit in Trafford Park.

The company has secured the 62,500 sq ft Unit 2 North Point on a 15-year lease after having a “long-standing requirement in the market”.

The speculative North Point scheme comprises two units, with Unit 1 pre-let to HSS Hire.

Paul Thorne from agent B8 Real Estate, which let the unit on behalf of Harbert European Real Estate Fund III, says: “Expeditors has had a long-standing requirement in the market and we are delighted to have been able to secure it within the North Point scheme.

“The lease length and rental achieved reflect the demand for high quality new build premises within a prime industrial location such as Trafford Park.”

Howard Hill of CBRE Asset Management, which is working in conjunction with joint agents Knight Frank and B8 Real Estate, adds: “With so much concern around the lack of good quality industrial buildings within the region at present, we take our responsibility to ensure that we can offer a high specification solution to potential occupiers very seriously, and that commitment has paid off.

“We are fortunate to have some established brands operating from the Trafford Park portfolio.”