IDI Closes Leasing at 141 Knowlton Way in Savannah, GA

Atlanta, GA,  July 26, 2010 – IDI, a leading full-service industrial real estate company, has signed two new leases in the Savannah market totaling 75,040 square feet.

The leases, for 43,800 square feet and 31,240 square feet, bring 141 Knowlton Way in IDI’s Crossroads Business Center (top left photo) to full occupancy. Gulfstream Aerospace Corporation occupies the remaining 122,890 square feet in the building.

The Parrott Group’s distribution arm, Velocity Services South, LLC, the warehouse and distribution service provider for three Ashley Furniture HomeStores located in South Carolina and Georgia, signed the 43,800-square-foot lease in Suite 300 of 141 Knowlton Way.

The Parrott Group is scheduled to open its fourth Ashley Furniture HomeStore in Savannah in September 2010 and will use the space for storage and distribution of home furniture and accessories sold at their retail storefronts.

Store Supply Warehouse, LLC, a wholesaler of store fixtures and supplies to small, independent retailers, signed a 31,240 square-foot lease in Suite 200 of 141 Knowlton Way.

 The space will serve as the company’s new East Coast distribution center and will allow for ground transportation delivery to the majority of the company’s customer base within a two-day timeframe.

“Both tenants cited location, space size, curb appeal and landlord responsiveness as reasons they chose 141 Knowlton Way,” said Lisa Ward, (top right photo)  vice president of leasing for IDI’s Atlanta market office, which serves Savannah.

“We are pleased to have provided each of our new tenants with Class-A space to serve their warehouse and distribution needs and are happy to see the building at full occupancy.”

Lisa Ward and Cliff Dales (lower right photo)  of Colliers Neely Dales were the listing agents for the property and represented IDI in both leases. Brett Chambless of Chambless Partners, Inc. represented Store Supply Warehouse in the lease transaction and Velocity Services South did not use any outside representation.

160,380 square feet remains available at Crossroads Business Center in 155 Knowlton Way.

More information can be found at http://www.storesupply.com/.

Contacts:

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