IDI Leasing Momentum Drives Construction in Chicago Market

Bolingbrook Corporate Center West and Rock Run Business Park set to be delivered in mid-2014

ATLANTA, February 7, 2014 – IDI, a leading full-service industrial real estate company, today announced two new developments in the Chicago market. Both facilities were quick-starts due to ongoing leasing momentum in the industrial sector. Rock Run Building 10, expected to be completed in mid-2014, is a 290,000-square-foot building and is already 75 percent preleased. Bolingbrook Corporate Center West 3, expected to be delivered in Q2 2014, will bring 602,820 square-feet to the I-80 market.

“In 2013, IDI’s Chicago office leased just under two million square feet and we expect that momentum to continue,” said Jeff Lanaghan, vice president of leasing in IDI’s Chicago market. “Our existing inventory space, combined with new developments, will help us meet market demand while providing tenants with the competitive advantages that comes with modern logistics space.”

Bolingbrook Corporate Center West 3, located in Bolingbrook, Ill., is being delivered in response to the demand for larger footprints. At 604,820-square-feet, the building will provide the largest contiguous new inventory space in the market. The super-bulk property will be LEED Silver-certified and is the only 36-foot clear space in the Bolingbrook submarket, providing operational efficiency for modern industrial operators who have required not just a horizontal increase in space, but also a vertical expansion.

Rock Run Building 10, located in Joliet, Ill., is being built on 15.1 acres as part of the larger Rock Run Business Park which is located at the Houbolt Road interchange on I-80, approximately one mile east of the intersection of I-80 and I-55. Strategically located in the I-80 market, the site offers access to Chicago and the central Midwest region. The park has approximately 3.7 million developed square feet in 12 buildings. A performance tire manufacturer pre-leased 214,600 square feet of Rock Run Building 10 in 2013.

About IDI
With nearly 7 million square feet currently under development, IDI is one of the largest privately-held real estate companies in North America focused exclusively on industrial property. The company, headquartered in Atlanta, Georgia, provides development, investments, property management and leasing services to corporations, property owners, investors, financial institutions and real estate service providers. IDI has ownership or interests in 48 million square feet of investment grade assets, with $2.9 billion in company-owned and joint venture assets.

Since the company’s founding in 1989, IDI has built a reputation for delivering superior quality properties and service. To date, IDI has developed and acquired 170 million square feet of industrial space and completed more than 700 industrial facilities in the U.S., Canada and Mexico. The company’s joint-venture investment portfolio, focused on building long-term value, holds more than 17 million square feet of assets and manages a portfolio of 67 million square feet.

Presseanfragen

Nordamerika
Reed Barrickman
+1.404.479.1626
reed.barrickman@idigazeley.com

Europa
Ged Brumby
Smithfield Consultants
+44 (0)20 7903 0674
gbrumby@smithfieldgroup.com

Rob Yates
Smithfield Consultants
+44 (0)20 7903 0625
ryates@smithfieldgroup.com