The 400,000-sf property is let to logistics group Eddie Stobbart on a 20-year lease dating from 2000. The tenant has a break option after 15 years of the term. Stobbart will continue to use the distribution unit as a key feature of its northern logistical network.
Jonathan Peasgood, of GVA Grimley Leeds office, said: "This is the third disposal undertaken by GVA Grimley on behalf of the German company and concludes a very successful sales programme."
Last year IBI sold a City fringe office building: St Marks House, Shepherdess Walk, London N1, for £9.05 million ($15 million).
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