IDI Gazeley Announces New Crossroads Distribution Center Buildings

829,920 SF Building I Expected Completion November 2017; Building J slated for mid-2018

ATLANTA (May 12, 2017) – IDI Gazeley, a leading global investor and developer of logistics warehouses and distribution parks, today announced that Crossroads Distribution Center, Building I is under construction and will be delivered in November 2017 to the greater Memphis logistics market. The next facility, Building J, is slated to be 1,085,000 SF and is scheduled to start construction mid-2018. Crossroads is currently home to 11 buildings totaling more than 6 million square feet of logistics space.  IDI Gazeley is Memphis’ leading industrial developer with over 27 million square feet developed in the market.

“Crossroads Distribution Center is a proven distribution location and a logistics asset for companies seeking the highest quality, state-of-the-art buildings to serve their supply chain needs,” said Tim Moore, Senior Vice President and Regional Director for IDI Gazeley’s Midwest Region. “With approximately 200 acres remaining in Memphis, as the demand continues to grow, so will our presence in this competitive market.”  

Building I will be located within a sustainable, master-planned business park at the northwest corner of Kirk Road and Forest Hill Irene Road in Olive Branch, Mississippi. It is close to all modes of transportation in the Mid-South and is ideally situated for regional distribution. Building I will incorporate state-of-the-art features including a Ductilcrete® floor slab and paving, 36-foot clear height, R-19 roof insulation, and a white TPO roof. Tax incentives are also available from the local municipalities to provide a further benefit to locating within Crossroads Distribution Center. Jones Lang LaSalle will be the listing agent for Crossroads I.

For further information, please contact:

IDI Gazeley
Reed Barrickman
404-479-1626
reed.barrickman@idigazeley.com

Jackson Spalding for IDI Gazeley
Mary Claire Keane
404-214-3559
mkeane@jacksonspalding.com

IDI Gazeley
IDI Gazeley is one of the world’s leading investors and developers of logistics warehouses and distribution parks with 50 million square feet of premier assets under management and additional prime land sites to develop another 45 million square feet of distribution facilities near major markets and transport routes in North America, Europe and China. IDI Gazeley is a portfolio company of Brookfield Asset Management.

For more information, please visit our website at www.idigazeley.com

Mediaverzoeken

Noord-Amerika
Reed Barrickman
+1.404.479.1626
reed.barrickman@idigazeley.com

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

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