Monday, April 15, 2013

IDI Secures More Than 2 Million Square Feet of Leases in Q1




                                    Middlesex Center Building II, Philadelphia, PA

ATLANTA, GA – IDI, a leading full-service industrial real estate company based in Atlanta, announced today it surpassed 2 million square feet (2,566,084 square feet) in leasing since January 2013.

Tim Gunter
New leasing activity occurred in eight U.S. markets this year, with the largest lease in Philadelphia at Middlesex Center Building II totaling 751,450 square feet.

 “Our 2013 numbers for leases are promising, with this being one of the strongest quarters in IDI’s history,” said Tim Gunter, IDI’s President and Chief Executive Officer.

“More importantly, we believe this marks hard proof of a resurgence in our industry. Every region is seeing activity and IDI is motivated to continue to be an industrial leader and grow our portfolio all while providing our customers with quality buildings that offer long-term value.”

Bollingbrook West II, Bollingbrook, IL
 The Memphis market, which was IDI’s most active market in 2012, continued that trend in the first part of 2013 with two industrial property leases totaling 788,148 square feet. 

Trane U.S., Inc. renewed its 373,644-square-foot lease at the Stateline H facility while The TJX Companies, Inc. signed a new 414,504-square-foot lease at Chickasaw D.

 Focusing on a wide range of industrial real estate services from investments to property management, IDI has also seen success in other markets such as Atlanta, Chicago, Cincinnati, Dallas, Ft. Lauderdale and Los Angeles.

Rock Run VI Business Park, South Chicago, IL
Several of these markets saw 100 percent lease-up at industrial facilities with tenants like Art Van Furniture at Bolingbrook West II in Illinois, Petco Animal Supplies Store, Inc. at Rock Run VI south of Chicago and a specialty retailer of high-quality products for the home at Middlesex Center Building II in Philadelphia.

 Currently, IDI has nearly 7 million square feet under development in nine states and has been the first to market with new inventory space in several cities, taking the lead as the industry moves out of the recession.

 For a complete copy of the company’s news release, please contact:

Matt Scofield
Jackson Spalding for IDI
404-214-3554

Colleen Murphy
Jackson Spalding for IDI
404-214-0934

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