IDI Secures 176k SF Lease in Park West Building N2, Brings Building to 100 Percent Occupancy

Perfetti Relocating to Better Serve Company’s Distribution Needs

ATLANTA, July 31, 2013– IDI, a leading full-service industrial real estate company, announced today that it has secured a 176,000-square-foot lease at Park West Building N2 in Hebron, Kentucky bringing it to 100 percent occupied. Perfetti Van Melle USA Inc. is relocating within Park West from Building L2 to Building N2, which provides cross-docking to better serve the company’s distribution needs. Perfetti is a leading candy manufacturer with the brands including Airheads and Mentos.

“We pride ourselves in serving the needs of our tenants and helping them build long-term value. This lease is an example of that commitment,” said Jeremy Kraus, vice president of leasing for IDI. “The logistical advantages of Park West International are hard to beat – there is access to a strong workforce and distribution network, including DHL’s super hub at the Cincinnati/Northern Kentucky International Airport.”

iHerb.com occupies the remaining 211,200 square feet in Building N2. The Park West International complex contains 18 buildings with 6.1 million square feet of distribution space across approximately 400 acres. The property is located in a Foreign Trade Zone area, within 5 miles of the Greater Cincinnati/Northern Kentucky International Airport and 15 minutes from Downtown Cincinnati.

Josh Young of Cushman & Wakefield | Cincinnati Commercial, REALTORS® represented Perfetti in the deal and Doug Armbruster represented IDI.

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.

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