IDI Secures 100,144 SF Lease in Rock Run VIII for 100 Percent Occupancy

Black Horse Carriers, Inc. Expands Market Reach with Lease

ATLANTA, July 18, 2013– IDI, a leading full-service industrial real estate company, announced today that Black Horse Carriers, Inc., a third party logistics company, has signed a 100,144-square-foot lease at Rock Run VIII to bring the 352,500-square-foot building in Joliet, Ill. to 100 percent occupied. Menlo Logistics occupies the balance of the building with 252,356 square feet.  

Black Horse will use the space for storage, warehousing and distribution of automotive parts, retail and consumer products and food and bakery products. The company has several facilities in the area and, as it expands, has relocated some of its operations to Rock Run VIII. It will take advantage of the building’s location to increase logistic efficiency, as well as the capacity and flexibility in the number of doors and trailers available.

“The Rock Run Business Park combines modern functionality with a strategic location in the I-80 market, creating opportunities for logistical efficiencies for tenants serving the Chicago market and beyond,” said Jeff Lanaghan, vice president of leasing for IDI. It was the initial, and is currently the largest, park on I-80 and spawned the entire I-80 market segment. It is almost a market unto itself.”

Rock Run Business Park is located at the Houbolt Road interchange on I-80 just one mile east of the intersection of I-80 and I-55. The park has approximately 3.7 million square feet in twelve buildings.

Rick Daly with Darwin Realty represented Black Horse in the deal, while Mike Fonda and Hugh Williams with Avison Young were the landlord listing agents.

Since the market began improving from the Great Recession in mid-2011, IDI has started or delivered more than 12 million square feet of development in 11 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.

About IDI
With nearly 6 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 31 million square feet of investment grade assets, with $1.4 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 151.1 million square feet of industrial space and completed more than 595 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 16 million square feet of assets and manages a portfolio of 55 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