Henry Boot Developments, the company behind the 200-acre Markham Vale commercial park in North Derbyshire, has announced the scheme's first occupier.
Industrial Ancillaries Ltd, an engineers' merchant currently located on Britannia Road in Chesterfield will relocate to 33,600 sq ft of premises on the new development when their building is completed towards the end of this year.
The company, which employs 22 people, is one of the largest stockists of hydraulic, pneumatic and instrumentation products in the UK, serving customers in the domestic, European and global markets.
The relocation to Markham Vale is part of expansion plans which will enable Industrial Ancillaries to extend its product portfolio to over 30,000 items from stock.
It will be the most significant move in the company's history which was started in 1969 by Ray Harper from a single office in the centre of Chesterfield.
Jamie Dennis, managing director of the firm, said: "The move will be very significant as it coincides with our fortieth anniversary.
"We have grown very consistently over the past four decades, and have more ambitious plans which our current premises can't accommodate.
"Markham Vale can offer us ideal premises with the right combination of warehouse and office space, and, in addition, the development's location just off the M1 is convenient for our customers, and will really help with our logistics."
Ben Ward, development surveyor at Henry Boot Developments, said: "We are delighted to be making this announcement so early on in the development's build schedule.
"Industrial Ancillaries are a local company who need more room to grow their business and want to do so in high grade premises in a convenient location. We have worked very closely with them in order to ensure that all of their requirements for trading are met.
"As well as providing a wide range of speculative premises, Markham Vale will also assist companies who require design and build solutions to meet their operational needs, and it's this flexibility that is proving so attractive to businesses."
The first tranche of development includes the Green Giant - a 585,500 sq ft industrial/distribution unit that boasts a eco-friendly features, along with a 100,000 sq ft unit, also suitable for warehousing and distribution.
A series of terraced office units, ranging from 3,000 sq. ft will also be built in the initial phase.
Richard Harris of King Sturge, the appointed agent, said: "We are in talks with some very major players who see a wealth of benefits in locating a distribution facility in such a prime location.
"Equally, there is a good deal of interest from the local market who also require the easily accessible, high quality premises that Markham Vale offers."
Source: Nottingham Evening Post
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