And that burgeoning success has seen the Tees Advanced Manufacturing Park (TeesAMP) scoop a prestigious industry award.
Middlesbrough Mayor Andy Preston has hailed it as a major success story for the town, and a symbol of its drive to become a ‘go-to' destination for modern business.
The Middlesbrough development has attracted national and international interest since it opened last summer, with discussions for a proposed second phase currently ongoing.
The state-of-the-art accommodation on the town's Riverside Park has seen 14 of 15 high-specification units snapped up totalling 180,000 sq ft.
It's a success story that helped TeesAMP beat off stiff competition to scoop the Commercial Development of the Year category at this year's InsiderNE Property Awards.
In their citation, the judges say: "[TeesAMP] will bring advanced manufacturing businesses to the Tees Valley, something that made this the stand-out commercial development with the judges."
TeesAMP has been led by developer Chaloner Group, with a second phase set to provide flexible building opportunities to further attract innovative manufacturing companies to the region.
Chaloner Group Chief Executive Geoff Hogg said: "There was huge interest in TeesAMP from the manufacturing sector from outset and we're delighted to have almost the whole site leased already.
"We expect the remaining unit to be taken in the near future, which will then enable us to start work on phase two of the development."
Middlesbrough Mayor Andy Preston said: "TeesAMP is just the latest addition to a proud manufacturing heritage, and it speaks volumes about Middlesbrough's drive and ambition.
"Top business are coming here because it's simply the best place to be, and they're bringing jobs and long-term prosperity with them.
"That's been rightly recognised with a hugely well-deserved award - and this is just the start."
TeesAMP has been funded by £12.5 million from Middlesbrough Council, £7.65 million from the Tees Valley Mayor and Combined Authority and £2.3 million from the SSI Taskforce, the body set up to support regeneration after the closure of the SSI steelworks, and substantial private investment.
