IDI Expands Crossroads Distribution Center with Addition of Two Buildings

Scheduled for Q4 2013 delivery, Building D to be 430,212 SF and Building L to be 241,994 SF

ATLANTA, May 15, 2013 – IDI, a leading full-service industrial real estate company, announced today that it plans to expand its Crossroads Distribution Center in Olive Branch, Miss. Building L is scheduled to be 241,994 square feet with construction expected to be complete in October while Building D will be 430,212 square feet, delivering in December. Currently, Crossroads Distribution Center consists of seven buildings totaling 3,241,011 square feet and primarily serves the Memphis market.

Building D is designed for LEED Core and Shell certification with a 420 foot building depth, cross dock loading, 32 foot clearance and an ESFR sprinkler system. It is intended to fill the needs of mid-range tenants and provides shallower, more divisible cross-dock options. Building L is also designed for LEED Core and Shell certification and will feature 320 foot building depth in a rear loading design, 32 foot clearance and an ESFR sprinkler system. It will be designed as a shallower, front parked building featuring single side loading with a higher parking ration and is targeted for tenants needing as little as 50,000 square feet of space. With the construction of Building L, Stateline Road will be extended approximately one mile from Polk Lane to Forest Hill Irene Road.

“Tenants come in all shapes and sizes. Crossroads Distribution Center has buildings suited for smaller and larger, bulk tenants and the addition of Buildings D and L provide additional options,” said Tim Moore, vice president of leasing for IDI Memphis. “Each tenant has specific needs and our goal for every customer is to provide them with long term value in a building that fits their distribution and logistics needs.”

Buildings A (452,743 square feet), B (267,843 square feet), C (234,660 square feet), E (801,900 square feet), G (869,892 square feet) and F (800,308 square feet) are existing and, with the exception of Building G, are 100 percent leased. Fully developed, Crossroads Distribution Center will contain approximately 7 million square feet of Class A distribution buildings across 475 acres.

“In addition to the unique benefits of buildings in the Crossroads Distribution Center, the development is located in a market with a proven labor base, readily available tax incentives and access to transportation infrastructure,” added Moore. “As the Memphis market continues to grow, IDI is primed to serve the needs of our customers.”

IDI has nearly seven 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.

About IDI
With nearly seven 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 36 million square feet of investment grade assets, with $1.8 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 149 million square feet of industrial space and completed more than 589 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 31 million square feet of assets and the company manages a portfolio of 55 million square feet.