Phase 1 – 155,000 sq ft (14,399 sq m) of new speculative industrial units from 11,195 sq ft (1,040 sq m) to 31,229 sq ft (2,901 sq m). Enterprise Zone with up to 5 years’ free business rates.
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Jade Business Park
Jade Business Park is a new speculative development providing a mix of detached and semi-detached industrial units completed to a high specification. The units range from 7 to 8m eaves height and all have quality first-floor office accommodation with designated car parking and loading yards. Access to the warehouse areas is via up and over electrically operated loading doors from the service yard.
The quality of the development has already lead to Sumitomo Electric taking a 50,000 sq ft unit, innovative modular housebuilder Corehaus taking a 20,000 sq ft unit and Power roll taking an 11,205 sq ft unit. Units 2, 3 and 7 are currently under offer leaving only unit 4 to let.
Situated just off the A19 next to Dalton Park the units are well located to serve County Durham, in addition to the Tyne & Wear and Teesside conurbations. Furthermore, access to Dalton Park means there is a wealth of amenities available to occupiers.
Jade Business Park is the only new speculative development in the whole of the North East LEP area in 2020. The buildings at Jade are brand new, under warranty and more energy efficient meaning they are more cost effective to occupy.
There is now only one unit available to let. Our first tenants Sumitomo Electric Wiring Systems Europe, part of a global Fortune 500 corporation company took occupancy of their 50,000 sq ft unit in the summer of 2020. Innovative modular housebuilder CoreHaus took occupancy of our 20,000 sq ft Unit 1 in January 2021. Solar power innovator Power Roll moved into their 11,205 sq ft unit in July 2021. Units 2, 3 and 7 are under offer.
JADE BUSINESS PARK PARTNERS