North property development and investment company Opus North has completed two deals at the 360,000 sq ft Opus Park in Stockton-on-Tees.
Opus Park, developed on the site of the old MFI factory site on Teesside, has been transformed into a modern, industrial warehouse complex with unit sizes up to 150,000 sq ft. It is in the heart of Stockton’s Preston Farm Industrial Estate, adjacent to the A66.
Unit 2B, comprising 18,000 sq ft, has been let to Howden Timber, while Unit 4B, comprising 36,000 sq ft, has been bought by car dealers S Jennings for an undisclosed sum. S Jennings are converting the unit to open a Kia dealership, which will open this month.
Opus North bought the 16.5-acre site after MFI announced that it was to close its Stockton factory. Opus North director Andrew Duncan said: “These deals, in a challenging economic climate, is a ringing endorsement of the quality of the development.”