A warehouse in Birmingham has been let to a pharmaceutical firm.
The 16,500 sq ft Unit 4 on Hockley Industrial Estate has been taken on a ten-year lease by Klanza/MPharm with a five-year break clause.
The two-storey block has 22 parking spaces and is to be used as a distribution centre for pharmaceutical products.
The deal was brokered on behalf of the estate by commercial property consultancy Harris Lamb.
Tom Morley, a director in its agency team, said: "Industrial property throughout the Midlands remains in short supply, with those opportunities becoming available being snapped up very quickly.
"This estate is located just outside the city's new Clean Air Zone, a factor that has become a key consideration for occupiers since it was brought into force this summer.
"While there has been talk of a number of speculative new industrial schemes being earmarked for Birmingham and the wider Midlands area, the shortage of warehousing in the region remains a real issue. This particular estate is now at full capacity."
Harris Lamb acted as joint agency for the estate alongside Jones Lang LaSalle. Klanza/MPharm were advised by MBI Property.
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