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IDI to Develop 130,000-SF Regional HQ for Porsche Cars North America - Aug 6, 2008 -- IDI, a full-service industrial real estate company, has been selected by Porsche Cars North America (PCNA) to develop a 130,000-square-foot regional headquarters facility in Palmer Township, Pa., north of Allentown. PCNA, an importer of Porsche sports cars and Cayenne sports utility vehicles, has signed a 10-year lease with IDI for an initial 130,000 square feet which also gives the luxury car company the option to expand into an additional 32,000 square feet within the same facility.
IDI Opens Largest LEED-Certified Building in the Southeast - Jun 4, 2008 -- Crossroads Distribution Center Building F, an 800,308-square-foot warehouse and distribution center near Memphis, has received recognition as a LEED Silver-certified building by the U.S. Green Building Council (USGBC). It is the largest industrial space to receive LEED certification in the Southeast and the first certification for an IDI facility.
Bunzl Leases 83,107 SF in Salt Lake City - May 19, 2008 -- IDI, a full-service industrial real estate company, has closed an 83,107-square-foot lease in Salt Lake City with Bunzl Utah, a division of St. Louis-based Bunzl Distribution, a supplier of food-service supplies and packaging, and various cleaning and safety products.
Interstate Commerce Center Receives Foreign Trade Zone Status - May 12, 2008 -- The recent granting of Foreign Trade Zone status to 340 acres of prime industrial land in West Memphis, Ark., paves the way for a significant warehouse and distribution project planned by Industrial Developments International (IDI).
IDI Closes Two Leases in Dallas Totaling 260,000 SF - Apr 21, 2008 -- IDI, a full-service industrial real estate company, has closed a 185,825-square-foot lease with Maxxis International and a 74,000-square-foot lease with Honeywell International Inc. at Dallas/Fort Worth area business parks.
Candy Maker Leases 70,000 SF at Park West International - Apr 18, 2008 -- Perfetti Van Melle USA Inc., a subsidiary of the Italy-based candy and gum manufacturer, has signed a five-year lease with IDI to occupy 70,000 square feet of space at the developer’s Park West International business park in Hebron, Ky., south of downtown Cincinnati.
Whole Foods Leases 72,000 SF at IDI's Pompano Business Center - Apr 4, 2008 -- IDI, a full-service industrial real estate company, has closed a 10-year, 71,754-square-foot lease with Whole Foods, the upscale retailer of natural and organic foods. Building M at Pompano Business Center in Pompano Beach, Fla., will serve as Whole Foods’ new South Florida distribution center.
American Tire Signs Two Leases with IDI in Tampa and Miramar, Fla. - Mar 24, 2008 -- IDI, a full-service industrial real estate developer, has closed two leases totaling 291,659 square feet with American Tire Distributors at business parks in Tampa and Miramar, Fla. The distributor of tires, wheels and related products will use the facilities to distribute its products to retail dealers across South and Central Florida. Both leases take effect July 1.
Site Work Under Way at IDI's Latest Business Park in Northeast Atlanta - Mar 3, 2008 -- IDI, a full-service industrial real estate company, has started site work on its latest project in the Northeast Atlanta submarket – Jefferson Distribution Center, a master-planned business park in Jackson County, Ga. IDI will develop up to five buildings totaling 2.8 million square feet at the park.
IDI to Develop 3-MSF Park in Monroe County, Ga. - Feb 18, 2008 -- IDI, a full-service real estate company, has closed on the purchase of 257 acres of land in Monroe County, Ga., where it plans to develop four distribution facilities totaling up to 3 million square feet. IDI’s new business park, Meridian 75 Logistics Center, will allow IDI to serve the growing demand for distribution and warehouse space along the I-75 south corridor between Atlanta and Miami.
Treasure Coast Land Purchase Paves Way for 1.3 MSF Crossroads Business Center - Feb 15, 2008 -- IDI, a full-service industrial real estate company, has purchased 129 acres in Fort Pierce, Fla., for $17 million from St. Andrews Episcopal Church to accommodate its plans for a new business park called Crossroads Business Center. Located in Crossroads Park of Commerce, IDI’s business park will feature nearly 1.3 million square feet of Class-A warehouse and distribution space.
IDI to Start Construction on 2.1 MSF Speedway Distribution Center in North Fort Worth - Jan 28, 2008 -- Marking its entry in the North Fort Worth submarket, IDI plans to start construction in March on a 672,678-square-foot cross-dock distribution facility at Speedway Distribution Center. Phase one of IDI’s masterplanned business park, which is located just north of the Alliance area in the North Fort Worth submarket, will include four buildings totaling 2.1 million square feet.
American Express Renews 224,650 SF at Weston Business Center - Jan 25, 2008 -- American Express Travel Related Services Co. has signed a multi-year renewal of its lease at IDI’s Weston Business Center in Weston, Fla. The company has occupied the entire 224,650-square-foot Weston Building B for the past 10 years.
IDI Closes 124,280-SF Lease with Propulsion Technology - Jan 25, 2008 -- IDI has closed a 10-year lease at Building D in its Miramar Centre Business Park with Propulsion Technology International LLC, a provider of engine component repair and overhaul services to airlines and engine shops worldwide. The lease takes effect July 1, 2008.
Alston & Bird Leases 82,416 SF from IDI - Nov 14, 2007 -- IDI, a full-service real estate development firm, has closed an 82,416-square-foot lease with law firm Alston & Bird at WestPoint at Riverside in Lithia Springs, Ga. Atlanta-based Alston & Bird will occupy the newly constructed WestPoint Building B at 2600 West Point Drive in a 10-year lease that takes effect February 1, 2008. The law firm will use the WestPoint building as a records storage facility.
IDI Closes 301,320-SF Lease with Mizuno USA - Nov 1, 2007 -- Mizuno USA has closed a 301,320-square-foot lease with IDI at Hamilton Mill Business Center in Buford, Ga. The 10-year lease takes effect February 1, 2008. A manufacturer of sporting apparel and equipment with U.S. headquarters in Norcross, Ga., Mizuno will use Hamilton Mill Building I for storage, assembly and distribution of its products.
Royal Caribbean Leases 267,250 SF from IDI - Oct 23, 2007 -- Royal Caribbean Cruises Ltd. has signed a 267,250-square-foot lease with IDI, a full-service real estate development firm, at Weston Business Center in Weston, Fla. Royal Caribbean will occupy all of Weston Building F in a long-term lease that takes effect immediately.
Brook Electrical Leases 162,419 SF from IDI in Chicago - Oct 11, 2007 -- IDI has closed a 162,419-square-foot lease with Brook Electrical Supply Co. at 880 South Rohlwing Road in Addison, Ill., in suburban Chicago. The company, a distributor of electrical equipment, signed a 10-year lease to occupy the space beginning January 1, 2008.
Golf Tournament Will Benefit Three Charities - Oct 4, 2007 -- IDI will hold a Charity Golf Classic October 30 to benefit children’s health and literacy. Presented by the Corporate and Atlanta regional offices of IDI, the event has already raised more than $90,000 for The Study Hall at Emmaus House, Children’s Healthcare of Atlanta at Hughes Spalding and The Parker Jackson Legacy Lacrosse Cup.
IDI Breaks Ground on First Project in Canada - Oct 2, 2007 -- Marking its entry into the Canadian industrial real estate market, IDI has broken ground on a 24-acre site in Woodstock, Ontario, on which it will develop two warehouse/distribution facilities totaling 457,482 square feet.
IDI Leases 112,890 SF to Gulfstream Aerospace in Savannah - Sep 27, 2007 -- Gulfstream Aerospace Corp. has signed a five-year lease with IDI to occupy 112,890 square feet of warehouse and office space at Crossroads Business Center. A manufacturer of business jet-aircraft, Gulfstream is in the process of implementing a multi-phase, $400-million expansion of its manufacturing and service facilities in Savannah. The company is a subsidiary of Falls Church, Va.-based General Dynamics.
Three Spec Buildings Near Completion in Houston - Aug 30, 2007 -- IDI, a full-service real estate developer, plans to complete its first three speculative warehouse/distribution buildings in the Houston market in December. Located in IDI’s master-planned Greenspoint Business Center in the North Houston submarket, the projects include facilities of 244,550 square feet, 106,698 square feet and 54,818 square feet.
IDI Starts Construction on 556,600-SF Facility in Nashville - Aug 22, 2007 -- IDI, a full-service industrial real estate developer, has begun site work on its first project to date in the Nashville market – a 556,600-square-foot distribution facility at Wilson Commerce Center. In all, plans call for the development of four buildings totaling up to 1.8 million square feet at IDI’s master-planned business park, which is located in the Wilson County industrial corridor of Nashville off Interstate 840.
IDI Leases 443,010 SF to Peacock Engineering - Jul 27, 2007 -- Peacock Engineering Co., a leading provider of contract packaging services for the consumer food industry, has signed a 443,010-square-foot lease with IDI at Bolingbrook Corporate Center West in Bolingbrook, Ill., southwest of downtown Chicago. The Geneva, Ill.-based company will establish its largest packaging and distribution operation to date when it occupies the entire IDI-developed Building 1 at Bolingbrook Corporate Center West.
Four Leases with IDI Take 280,000 SF in Dallas - Jul 12, 2007 -- IDI has closed four leases totaling 279,970 square feet in the Dallas area, including a 105,000-square-foot lease with Jupiter Logistics Ltd. at IDI’s Beltline Trade Center, located just northwest of downtown Dallas.
IDI Enters Tampa Market with Plans for 1 MSF Business Park - Jul 9, 2007 -- IDI, a full-service industrial development firm, has begun construction on the company’s first project in the Tampa market – Madison Industrial Park, a master-planned business park that, upon final build out, will feature five buildings totaling more than 1 million square feet. Construction is now under way on 385,619-square-foot Building A and 147,197-square-foot Building E.
IDI Develops First 'Green' Speculative Industrial Building in Chicago to Meet LEED Standards - Jun 19, 2007 -- A distribution facility IDI is developing in Bolingbrook, Ill., will be the first industrial project constructed on a speculative basis in the Chicagoland market to incorporate high-performance, energy-efficient specifications designed to achieve Leadership in Energy and Environmental Design (LEED) certification. Structural steel and pre-cast walls are already up at the 102,936-square-foot building located at 175 E. Crossroads Parkway in IDI’s Bolingbrook Corporate Center. The building is scheduled for completion in September.
IDI/Rockefeller Group Sign 444,000-SF Lease with Kuehne + Nagel - Jun 14, 2007 -- Kuehne + Nagel Inc., an international logistics company, has signed a five-year lease with a joint venture of IDI and Rockefeller Group Development Corporation (RGDC) to occupy 443,803 square feet in 324 Half Acre Road at Rockefeller Group Foreign Trade Zone/8A. The facility is located off Exit 8A of the New Jersey Turnpike in Cranbury, New Jersey.
Caterpillar Logistics Services Leases 160,660 SF from IDI - May 24, 2007 -- IDI, a full-service real estate development firm, has leased 160,660 square feet of space to Caterpillar Logistics Services Inc. at Southgate Commerce Center in Montgomery, Ill., southwest of downtown Chicago. Cat Logistics will use the facility to provide supply-chain logistics services to its parent company, Caterpillar Inc., which has a manufacturing facility across the street from Southgate Commerce Center.
IDI Acquires 668,248-Square-Foot Distribution Building - May 3, 2007 -- IDI, in a joint venture with institutional investors advised by JPMorgan Asset Management-Real Estate, has purchased a 668,248-square-foot bulk distribution building from Lauth Property Group. Located in Greenwood, Ind. – about 10 miles south of downtown Indianapolis – the newly constructed, Class-A SouthPoint One facility is available for immediate occupancy.
MP Equipment Leases 30,000 SF from IDI at Hamilton Mill - Apr 23, 2007 -- IDI, a full-service real estate development firm, has leased 30,000 square feet of space to MP Equipment Company Inc. at Hamilton Mill Business Center. MP Equipment, a food-processing equipment company, will occupy Hamilton Mill Building B and use the space for distribution, light assembly and office (8,727 square feet).
IDI Announces Promotions and New Employees - Apr 4, 2007 -- IDI has made several promotions and new hires at its corporate office in Atlanta and its regional offices across the U.S.
Carolina Logistics Leases 400,596 SF from IDI - Mar 9, 2007 -- Carolina Logistics has signed two separate leases with IDI to occupy a total of 400,596 square feet at the Golden Triangle distribution center in Carlisle, Pa., southwest of Harrisburg.
IDI Leases 65,400 SF to Firestone Metal Products - Mar 2, 2007 -- Firestone Metal Products has signed a long-term lease with IDI to occupy 65,400 square feet of space at Miramar Business Center. A manufacturer of architectural metal products, Firestone Metal Products will occupy the building in second-quarter 2007.
IDI Acquires 125 Acres at Tradeport East in Liberty County, Ga. - Feb 7, 2007 -- IDI, a national full-service real estate development firm, has acquired 125 acres in Liberty County, Ga., from the Liberty County Development Authority (LCDA). The acquired land is located at Tradeport East Business Center, which is 30 miles south of the Port of Savannah and provides direct access to Interstate 95.
Terumo Medical Leases 128,988 SF at Stateline Business Park - Dec 12, 2006 -- In its sixth lease signing at Stateline Business Park in less than six months, IDI has closed a 128,988-square-foot lease with Terumo Medical Corp. A leading manufacturer of medical devices and supplies, Tokyo-based Terumo Medical will move from two Memphis-area facilities to Stateline Building E.
IDI Leases 63,646 SF to Snugz/USA - Nov 22, 2006 -- Snugz/USA Inc. has signed a long-term lease with IDI to occupy 63,646 square feet of space at Building II of the Landmark at Salt Lake City Business Park. With the lease, which begins Nov. 15, the 213,334-square-foot facility is 100% leased.
Aerospace Products International Leases 172,188 Square Feet at Stateline Business Park - Nov 7, 2006 -- Continuing its successful leasing efforts at Stateline Business Park, IDI has closed a 172,188-square-foot lease with Aerospace Products International Inc. (API) at Building E of the master-planned business park.
IDI Closes 543,512-SF Lease with GSI Commerce - Oct 27, 2006 -- GSI Commerce Inc. has reached an agreement with IDI to occupy the entire 543,512-square-foot Building F at IDI’s Park South at Richwood business park in Richwood, Ky. A leading provider of e-commerce solutions, GSI Commerce will establish its fifth fulfillment center in Kentucky at Park South.
IDI Nears Completion on 1.8-MSF Pompano Business Center, Plans New Park - Oct 24, 2006 -- IDI has begun construction on its final building at Pompano Business Center – the 123,062-square-foot Pompano Building M. With the completion of the facility in April 2007, IDI will have developed 13 buildings totaling 1.8 million square feet.
ITT Leases 96,588 SF at IDI's Stateline Business Park - Oct 23, 2006 -- IDI has closed a 96,588-square-foot lease with ITT Corp. at Stateline Business Park. ITT will occupy Building A of the master-planned park, which is located in Southaven, Miss., about 1.2 miles from I-55.
IDI Closes 19,789-Square-Foot Lease with Johnson Controls - Oct 12, 2006 -- Johnson Controls Inc. has signed a long-term lease to occupy 19,789 square feet of space at IDI’s Miramar Centre Business Park. Johnson Controls, a provider of energy and security systems for buildings, will occupy Building H beginning Nov. 1.
IDI Starts Construction on 1 MSF at Stateline Business Park - Sep 25, 2006 -- IDI has started construction on two distribution facilities at Stateline Business Park that will provide users with space options ranging from 48,000 square feet to 740,000 square feet.
Imation Opens New Distribution Facility at Stateline Business Park - Sep 5, 2006 -- Imation Corp (NYSE: IMN), a worldwide leader in removable data storage, has opened its new Southaven, Miss., distribution center. Through its 364,000-square-foot facility, Imation will serve its customers nationwide.
Imation Opens New Distribution Center at Stateline Business Park - Sep 5, 2006 -- Imation Corp. (NYSE: IMN), a worldwide leader in removable data storage, has opened its new Southaven, Miss., distribution center. Through its 364,000-square-foot facility, Imation will serve its customers nationwide.
IDI Closes 51,037-SF Lease with Medical Supply Company - Aug 17, 2006 -- Medical Specialties Distributors LLC (MSD) has signed a seven-year lease to occupy 51,037 square feet of space at Building II in IDI’s Hanover Corporate Center in Hanover Park, Ill., west of Chicago.
Sysco Buys Distribution Center from IDI for $19.7 million - Jul 21, 2006 -- IDI has closed on the sale of a 169,960-square-foot distribution building and an adjacent 4-acre parcel of land to Sysco Corp. for $19.7 million. Sysco, a food supplier with headquarters in Houston, purchased Building P at IDI’s Pompano Business Center, which is located in Pompano Beach, Fla., near both I-95 and the Florida Turnpike.
IDI Announces New Executive Appointments - Jul 21, 2006 -- IDI has filled several management positions to accommodate its continued growth nationwide.
Four Leases with IDI Take 645,000 Square Feet in Chicago - Jul 20, 2006 -- IDI has closed four leases totaling 645,000 square feet in the Chicago area, including a 146,538-square-foot lease with NYPRO Inc. at Turnberry Lakes International Business Park in Roselle, Ill.
IDI to Develop 352,000-SF Build-to-Suit for HUDD - Jun 29, 2006 -- IDI has signed a build-to-suit agreement with HUDD Distribution Services to develop a 352,000-square-foot build-to-suit facility at Rock Run Business Park, located about one mile east of the intersection of Interstates 55 and 80 in Joliet, Ill.
IDI to Develop 870,480-SF and 303,815-SF Buildings for Lease or Sale at Hamilton Mill Business Center - Jun 28, 2006 -- With its largest building at Hamilton Mill Business Center already 100% leased, IDI is now proceeding with plans for 870,480- and 303,815-square-foot facilities at the park.
Two Leases Absorb 170,000-SF at IDI's Hamilton Mill Business Center - Jun 19, 2006 -- In separate lease signings at Hamilton Mill Business Center, Global Equipment Co. has leased the remaining 129,600 square feet of space at Building M and The RiteScreen Company will occupy 40,187 square feet at Building B. Hamilton Mill is located in Buford, Ga., in the Northeast/I-85 industrial submarket of Atlanta.
BellSouth Leases 132,738-SF from IDI in Fort Lauderdale - Jun 15, 2006 -- Two separate divisions of BellSouth Corp. have signed leases totaling 132,738 square feet at IDI business parks in Miramar, Fla., southwest of Fort Lauderdale. Also, American Standard Inc. has signed a lease to occupy 45,200 square feet of space.
Exel Leases 178,200 SF from IDI in Dallas - Jun 14, 2006 -- Global logistics company Exel Inc. has signed a long-term lease with IDI to occupy 178,200 square feet of space at Building E in Pinnacle Industrial Center.
IDI Closes 64,947-SF Lease with Uniform Advantage - Jun 6, 2006 -- Uniform Advantage has signed a 64,947-square-foot lease with IDI at CampCreek Distribution Center. The Weston, Fla.-based supplier of national medical uniform brands – including UA Scrubs, Happy Scrubs, Landau Scrubs, Dickies Medical, Fashion Seal and Cherokee Scrubs as well as UA Chef uniforms – will operate an order fulfillment center out of Building D at CampCreek and move its inventory of products to the facility.
IDI to Develop 1.35-MSF Facility at Exit 8A in Central New Jersey - Jun 1, 2006 -- Responding to rising demand among big-box space users, IDI is developing a 1.35-million-square-foot distribution facility in the Exit 8A submarket of Central New Jersey. The project, Middlesex Center, is being built off Davidsons Mill Road in South Brunswick, N.J., near the 8A exit of the New Jersey Turnpike.
IDI Enters Houston Industrial Market, Starts Construction on 1.2-MSF Business Park - May 26, 2006 -- Expanding its presence in Texas, IDI has purchased 103 acres of land where it will build up to eight inventory/distribution buildings totaling 1.2 million square feet. The site marks IDI’s entry into the Houston industrial market.
IDI Closes Three Leases in Dallas - May 4, 2006 -- The Dallas regional office of IDI has closed three leases totaling 143,320 square feet at Valwood West Business Park, Skyline Trade Center and Main Street Distribution Center.
Madison Warehouse Signs 393,095-SF Lease with IDI - Apr 28, 2006 -- Madison Warehouse Corp. has signed a long-term lease with IDI to occupy 393,095 square feet of space in Building 7 at Rock Run Business Park, located about one mile east of the intersection of interstates 55 and 80 in Joliet, Ill.
IDI Closes 303,800-SF Lease with Acme - Apr 25, 2006 -- Further expanding its operations in Chicago, Acme Distribution Inc. has signed a long-term lease to occupy the entire 303,800-square-foot Building 3 at IDI’s Prairie Point Corporate Park. The park is located west of downtown Chicago in Naperville near Interstate 88.
IDI Closes 303,800-SF Lease with Acme - Apr 25, 2006 -- Further expanding its operations in Chicago, Acme Distribution Inc. has signed a long-term lease to occupy the entire 303,800-square-foot Building 3 at IDI’s Prairie Point Corporate Park. The park is located west of downtown Chicago in Naperville near Interstate 88.
Herbalife Signs 129,600-SF Build-to-Suit Deal with IDI - Apr 10, 2006 -- IDI has signed a build-to-suit agreement with Herbalife Ltd. (NYSE: HLF) to develop a 129,600-square-foot distribution facility at Chickasaw Distribution Center in the Southeast submarket of Memphis.
IDI Announces New Employees and Promotions - Apr 7, 2006 -- IDI announces several promotions and new hires at its Corporate headquarters in Atlanta and its regional offices throughout the United States.
Cummins Signs 603,586-SF Build-to-Suit Deal with IDI - Mar 17, 2006 -- IDI has reached an agreement with Cummins Inc. to develop a 603,586-square-foot build-to-suit facility at Park South at Richwood business park in Boone County, Ky., south of Cincinnati.
IDI Closes Two Leases at Port Union at Union Centre - Mar 3, 2006 -- Door to Door Storage Inc. and KMT Waterjet Systems Inc. have signed leases with IDI totaling 52,000 square feet at Port Union at Union Centre industrial park in West Chester, Ohio, north of downtown Cincinnati. Both tenants will occupy Building D, which now has only 20,935 square feet of available space.
Dealer Tire Leases 80,580 SF from IDI at DFW Trade Center - Mar 2, 2006 -- IDI has closed an 80,580-square-foot lease with Dealer Tire LLC at Building F in DFW Trade Center, located in the Northwest Dallas industrial submarket. With the signing, Building F is 100 percent leased.
Robert Tardy to Direct National Leasing for IDISG - Feb 14, 2006 -- Robert M. Tardy, a 19-year real estate veteran, has been named vice president of national leasing and marketing at IDI Services Group (IDISG), the third-party leasing and property management subsidiary of IDI. Tardy, who will work out of IDI’s corporate headquarters in Atlanta, will oversee a third-party portfolio consisting of nearly 29 million square feet of space owned by 12 institutional investors and a long-term hold portfolio totaling 19 million square feet.
OfficeMax Leases Space at IDI's Prairie Point Corporate Park - Jan 31, 2006 -- OfficeMax Inc. has signed a lease with IDI to occupy 37,524 square feet in Building IV of Prairie Point Corporate Park west of Chicago. OfficeMax will use approximately 8 percent of the space for office and the remainder for document storage and as a retail mock center.
OH Logistics Signs 178,200-SF Lease with IDI - Jan 24, 2006 -- IDI has closed a 178,200-square-foot lease with Ozburn-Hessey Logistics at Pinnacle Industrial Center, located southwest of downtown Dallas. With the lease, the third-party logistics company will occupy half of the space in 356,400-square-foot Building E in February.
IDI Services Group Wins Management Assignments Totaling 593,076 SF - Jan 23, 2006 -- IDI Services Group (IDISG), the property management subsidiary of national real estate developer IDI, has been awarded management assignments in Fort Lauderdale and Cincinnati totaling 593,076 square feet.
IDI Closes 233,740-SF Lease with Siemens Maintenance Services - Jan 20, 2006 -- Siemens Maintenance Services has signed a lease with IDI to occupy 233,740 square feet of space in Building G at DFW Trade Center in Grapevine, Texas, northwest of Dallas. A division of Siemens Corp., one of the world’s largest electronics and engineering companies, Siemens Maintenance Services installs and maintains electro-mechanical equipment
Quiksilver Signs 683,200-SF Lease with IDI - Jan 16, 2006 -- IDI has closed a 683,200-square-foot lease with Quiksilver Inc. at Park Mira Loma South Building A. Quiksilver – which designs and produces clothing, shoes and accessories – signed a 10-year, $30-million lease to occupy 100 percent of Building A beginning July 2006.
Exel Leases 165,980 SF at IDI's Airways Distribution Center - Jan 9, 2006 -- Global logistics company Exel Inc. has signed a lease to occupy 165,980 square feet at IDI’s Airways Distribution Center Building D in Southaven, Miss. Exel now occupies five IDI buildings in the Memphis area totaling 1.1 million square feet. In addition, the lease brings the 2.7-million-square-foot Airways Distribution Center – located in the DeSoto County submarket of Memphis – to 100-percent occupancy.
IDI/RGDC Begin Construction on 680,000-SF Inventory Building in New Jersey - Dec 21, 2005 -- In a joint venture agreement, IDI and Rockefeller Group Development Corporation (RGDC) have commenced construction on a 680,000-square-foot inventory/distribution facility in the pivotal Exit 8A submarket of New Jersey. The building will be completed in August 2006.
Global Equipment Co. Signs 517,628-SF Lease with IDI - Dec 19, 2005 -- IDI has closed a 517,628-square-foot lease with Global Equipment Co. at Building M in Hamilton Mill Business Center, located in Buford, Ga. Global Equipment signed a long-term lease to occupy the space beginning in May 2006.
IDI Names Jay Mitchell Regional Development Officer - Dec 8, 2005 -- IDI has chosen Jay Mitchell to head up the Atlanta regional office as vice president and regional development officer. Mitchell – who currently is vice president of national leasing and marketing for IDI Services Group, the third-party leasing and property management subsidiary of IDI – will transition into the new role over the next several weeks. Mitchell replaces William B. Hare Jr., who resigned Nov. 30 to pursue other business interests.
IDI Promotes Tim Gunter to President, David Birdwell to COO - Oct 27, 2005 -- To prepare for a smooth transition following his eventual retirement, IDI founding President and CEO Henry D. “Greg” Gregory Jr. has announced a second set of executive promotions, to take effect Jan. 1, 2006. Tim Gunter will be promoted to president, while David Birdwell, who is currently chief financial officer, will be promoted to COO. Gunter, IDI’s current COO, will assume the role of president from Gregory, who will remain CEO. Gregory made the announcements at a recent company-wide staff meeting and interactive broadcast.
IDI Announces New Hires In Philadelphia, Accounting Promotions In Corporate Office - Oct 26, 2005 -- Accounting Department promotions in IDI’s Corporate Office in Atlanta and new appointments in its Philadelphia development office highlight recent staffing changes at IDI, the Atlanta-based industrial real estate firm.
IDI Achieves 100% Pre-lease at Northpark 75 - Sep 30, 2005 -- MC Supply Inc. has signed a 76,625-square-foot lease with IDI at Northpark 75 business park in Kennesaw, Ga., north of Atlanta. MC Supply, a distributor of industrial containers, will occupy Building D, located at 4005 Royal Drive, in November. With this latest lease signing, the 176,500-square-foot Building D is 100% pre-leased. Harold M. Pitman Co. and Seagull Floors Inc. previously signed leases to occupy the building, which is scheduled to be completed in mid-October.
IDISG Wins 1.1-Million-SF Management Assignment - Sep 30, 2005 -- IDI Services Group (IDISG), the property management subsidiary of national real estate developer IDI, has been awarded an assignment to manage two distribution facilities totaling 1.1 million square feet for Dividend Capital Trust. IDISG will manage the 544,000-square-foot DCT 100 Interstate South building in the Eagles Landing area of South Atlanta and the 540,000-square-foot Clorox Distribution Facility in Dallas, Texas.
Spectrum Plastics Signs 53,055-SF Lease with IDI - Sep 23, 2005 -- IDI has closed a 53,055-square-foot lease with Spectrum Plastics at Stateline Business Park in Southaven, Miss., just south of Memphis. Spectrum Plastics is scheduled to occupy Building C at the business park on November 1. The company – an affiliate of IPS Industries Inc. and a supplier of plastic shopping bags, restaurant take-out bags and industrial plastics – will use the space for storage and distribution.
IDI Closes 160,100-SF Lease with Food Service Supplier - Sep 12, 2005 -- Edward Don & Company, a distributor of food service equipment and supplies, has signed a 15-year lease with IDI to occupy 160,100 square feet of space at Miramar Business Center in Miramar, FL. The food service company, which is scheduled to occupy Miramar Building B in January, plans to use 20,000 square feet of the warehouse facility for office space and the remainder for distribution and storage.
Cincinnati Machine Leases 51,600 SF from IDI - Sep 6, 2005 -- Cincinnati Machine LLC has signed a 51,600-square-foot lease with IDI at Park West International, a 16-building business park in Hebron, Ky. A global supplier of machine tools and manufacturing systems, Cincinnati Machine will move into Building Q in October and make the building its world headquarters. It will use the space for warehousing, distribution, technical support and call center functions.
Kao Brands Signs 351,000-SF Lease with IDI - Aug 11, 2005 -- Kao Brands Company has signed a 351,000-square-foot lease with IDI at Port Union at Union Centre in metro Cincinnati. Kao Brands will move into building F, the largest spec building ever constructed in the Cincinnati area consisting of 697,500 square feet, at year end and will use the space for warehousing and distribution.
IDI Launches Philadelphia Regional Office - Jul 13, 2005 -- Announcing its eighth development office in 16 years, IDI today also names Frank J. Petkunas as its newest vice president and regional development officer. Petkunas will head up the company’s regional office now established in Philadelphia.
IDI Signs 237,927 SF at Shawnee Ridge - Jul 1, 2005 -- IDI, a national full-service industrial real estate development firm, has signed two leases in Shawnee Ridge Business park: 200,000 square feet to Enovation Graphic Systems and 37,927 square feet to Abatement Technologies.
IDI Closes 75,000-SF Lease with Elliott Electric - Jul 1, 2005 -- IDI, a national full-service industrial real estate development firm, signed a 75,000-square-foot lease with Elliott Electric Supply in the developer’s Main Street Distribution Center. Elliott Electric Supply will use the space for storage, warehousing, distribution and sales of their electrical materials and lighting fixtures.
IDI Services Group Secures 2,152,592 Square Feet Under Contracts - May 10, 2005 -- IDI Services Group, the property management subsidiary of national real estate developer IDI, has been awarded three new property management assignments. IDI Services Group (IDISG) will manage a 1,452,500-square-foot portfolio, consisting of six buildings located in Suwannee, Ga., for the Estate of James Campbell. Verra Coppedge, senior real estate manager in the Atlanta regional office of IDISG, played a key role in obtaining the assignment.
IDI Announces Promotions, New Hires - May 6, 2005 -- Atlanta-based IDI, an industrial real estate development firm, announces the following new positions, promotions and additions to its staff at the corporate office in Atlanta and at its regional offices throughout the U.S.
IDI Services Group Secures 2,152,592 SF to Manage - May 5, 2005 -- IDI Services Group, the property management subsidiary of national real estate developer IDI, has been awarded three new property management assignments.
IDI Closes an Additional 390,620 Square Feet with PFSweb - Apr 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.
IDI leases 69,875 square feet to Harold M. Pitman Company for 69,875 square feet - Apr 11, 2005 -- IDI, a national full-service industrial real estate development firm, has leased 69,875 square feet in its Northpark 75 business park located at 4005 Royal Drive, Kennesaw, Ga., to the Harold M. Pitman Company.
IDI Negotiates 464,000 Sq. Ft. with Tyco Healthcare Group - Apr 4, 2005 -- The Chicago district office of IDI, Inc. will develop a 205,200-square-foot, build-to-suit expansion facility for Tyco Healthcare Group, LP and has signed a 259,200-square-foot renewal lease with Tyco for its existing facility at IDI’s Rock Run Business Park, said Jeff Smith, vice president of leasing and development of IDI. The expanded facility, totaling 464,400 square feet, will occupy 23.5 acres at 3901 Rock Creek Boulevard in Chicago’s southwest suburban Joliet, Illinois.
Aetna Life Insurance Leases 114,830 Square Feet from IDI - Mar 29, 2005 -- IDI, a national full-service industrial real estate development firm, has signed a 114,830-square-foot lease with Aetna Life Insurance in Pompano Business Center.
ABB Inc. Signs 51,800-Square-Foot Lease with IDI - Mar 21, 2005 -- March 21, 2005 – IDI, a national full-service industrial real estate development firm, has leased 51,800 square feet of space at Miramar Business Center to ABB Inc. as the headquarters for its Turbo Propeller Division.
IDI Acquires 580,000-Square-Foot Industrial Building Near Chicago - Mar 9, 2005 -- IDI, Inc., an Atlanta-based, national real estate firm, has purchased an industrial building located at 2015 Baseline in Montgomery, IL, a growing community located just south of Aurora and approximately 40 miles west of downtown Chicago, said Jeff Lanaghan, vice president of leasing and development in the company’s Chicago district office. The 580,894-square-foot building is fully occupied by two prominent tenants, Eby-Brown Company and Caterpillar Logistics, Inc. The seller was Meritex Developments, Inc. of Minnesota.
IDI Closes 39,700-Square-Foot Lease with MMI - Feb 15, 2005 -- IDI, a national full-service industrial real estate development firm, has leased 39,700 square feet of space to MMI at Miramar Business Center.
Priority Fulfillment Leases 167,600 Square Feet From IDI - Jan 24, 2005 -- IDI has leased 167,600 square feet to Priority Fulfillment Services, Inc., at Airways Distribution Center. Priority Fulfillment Services already occupies 434,900 square feet in the building.
IDI Issues Two Leases Totaling Over 49,000 Square Feet - Jan 24, 2005 -- IDI, a national full-service industrial real estate development firm, has signed two recent leases in Dallas; a 36,427-square-foot lease with YKK AP America at Valwood West Business Park, and a 12,270-square-foot lease with Cobra Wire & Cable at Plano Business Park.
Mobile Storage Leases 32,000 Square Feet from IDI - Jan 11, 2005 -- IDI, a national full-service industrial real estate development firm, has leased 32,000 square feet of warehouse space at Southpoint C in the South Atlanta/Airport sub-market to Mobile Storage Depot, LLC.
Champion Exposition Leases 140,375 Square Feet from IDI - Jan 4, 2005 -- IDI, a national full-service industrial real estate development firm, has signed a 140,375-square-foot lease in Westfork to Champion Exposition Services.
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