Monday, May 10, 2010

IDI’s Meridian 75 Logistics Center Accepted Into GRAD Sites Program


ATLANTA, GA, May 10, 2010 – IDI’s Meridian 75 Logistics Center (bottom left phto) , a planned 2.9 million square foot business park, 15 miles north of Macon, Ga. in Monroe County, was recently accepted into the Georgia Ready for Accelerated Development Sites Program (GRAD Sites Program).

The GRAD Sites Program designates a group of properties as ready for industrial development. The Program was developed by Georgia Allies, a public-private partnership founded in 2006 to promote Georgia’s economic development.

The GRAD designation for an industrial site indicates that it has been pre-reviewed, pre-qualified and approved for development by Business Facility Planning Consultants, a third party consultant that works with the state. Currently, only seven sites in the state of Georgia have been approved to receive this designation, including IDI’s Tradeport East Business Center in Savannah.


“For companies with large industrial facility requirements, it can take months or even years for the site to receive zoning approval, entitlements and for infrastructure and grading to be completed,” said Lisa Ward, (top right photo)  Vice President of Leasing for IDI’s Atlanta market office.

 “Meridian 75 Logistics Center actually exceeds the requirements of GRAD, in that we have fully graded two pad-sites with at-grade visibility to I-75, which can accommodate in excess of 2 million square feet of facilities.

"This puts IDI’s development cycle at least nine months ahead of other sites that have not made this investment up-front,” continued Ward.

Contacts:

Kim Hardcastle, Jackson Spalding for IDI, 404-214-0693, khardcastle@jacksonspalding.com
Charlotte Marie DuPre, Jackson Spalding for IDI, 404-214-3555, cdupre@jacksonspalding.com

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