IDI Closes an Additional 390,620 Square Feet with PFSweb
Atlanta (April 15, 2005) -- IDI, a national full-service industrial real estate development firm, has leased an additional 390,620 square feet of space to PFSweb, at Airways Distribution Center, Building D. PFSweb already occupies 602,500 square feet in an adjacent building.
An outsourcing provider of business-process and logistics solutions to manufacturers and retailers, PFSweb will use this newest space for management, customer service and distribution services.
Tim Moore, vice president of leasing for the Memphis region, represented IDI and Wyatt Aiken with Commercial Advisors represented PFSweb.
Located close to the Mississippi and Tennessee border, Airways Distribution Center is conveniently located near Interstate 55 and Memphis International Airport.
IDI Memphis has developed 13 million square feet of industrial space in the greater Memphis area and has seven business parks: Airways Distribution Center, Century Center Business Park, Chickasaw Distribution Center, Goodman Road Business Park, Memphis Distribution Center, Southpark and Stateline Business Park. In addition to Memphis, IDI has regional development offices in Atlanta, Chicago, Cincinnati, Dallas, Fort Lauderdale and Los Angeles.
IDI (www.idi.com) is a national, full-service industrial real estate developer based in Atlanta, providing strategically located properties throughout the U.S. to best meet tenants' distribution, warehouse and light-manufacturing needs. Since the company was founded in 1989, IDI has grown from assets of $89 million to more than $498 million in wholly owned assets and another $846 million in joint venture assets. Company gross revenues have grown from $3.2 million in 1989 to more than $187 million as of 2004, year-end. IDI has developed close to 99 million square feet of industrial space worth over $3.2 billion.