UK Land Estates has spent more than £6m over last few years on improving estate, while retail development has cost a further £1.75m.
Six new units on a growing industrial estate are beginning to fill up – with Greggs and a bike shop earmarked as tenants.
Teesside Industrial Estate in Thornaby has lined up the bakery chain for a new parade of shops on Fleck Way – opposite the Anson Farm pub on the A174 – while a bike shop is to take a double unit.
Site owner UK Land Estates has spent more than £6m over the last few years on improving the estate while the retail development has cost a further £1.75m.
Connect Property North East is joint agents with @retail in Newcastle on these lettings.
Andrew Wilkinson, director of Connect Property North East, said: “Three out of the six units are under offer, two are shortly going under offer and there is interest in the last one.
“It’s too early to name any of the retailers except Greggs.”
Unit six, which has an external seating area outside and is the largest property on the parade, is where the new Greggs will open in early September.
Units four and five are under offer by a “bike shop”, according to the agent’s plans.
UK Land Estates, which has owned the estate since 2004, wants to develop more amenities for the growing number of workers at the site.
In April, Tim Whitty, development director of UK Land Estates, said: “Shops on an industrial estate work well.”
A new entrance into the estate from the A174 has been built and the parade of shops was created from a derelict old building.
There is also pedestrian access from residential estates nearby.