IDI Inks 183,000-Square-Foot Deal at Bolingbrook Corporate Center West

Lease with Art Van Furniture brings Bolingbrook West II to 100 percent occupied

CHICAGO, April 15, 2013 – IDI, a leading full-service industrial real estate company, announced today that Art Van Furniture Inc. has signed a 183,500-square-foot lease at Bolingbrook West II in Bolingbrook, IL. Art Van Furniture, America’s largest independent furniture and mattress retailer, will use this facility to house its distribution for new stores planned to open in the Chicago market.

“As Art Van Furniture expands outside of the Michigan, we are confident Bolingbrook West II will help them build long-term value as they move into new markets,” said Jeff Smith, vice president of leasing and development for IDI’s Chicago office. “Combined with the amenities of the building and the image it projects, it is strategically positioned in the Chicago market and provides a convenient location for customers.”       

Bolingbrook West II is one of two buildings located in the I-55 submarket and provides direct access to the Chicago area. Combined, the two buildings offer 896,100 square feet of distribution space and Bolingbrook West II is currently 100 percent leased with OHL occupying 269,590 square feet.

Mark Moran of NAI Hiffman represented Art Van Furniture and Ben Cremer and Mike Robbins of NAI Hiffman were the landlord listing agents. Jeff Smith represented IDI in the deal.

IDI has nearly 7 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 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. Valued at $1.5 billion, IDI has ownership or interests in 28 million square feet of investment grade 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 591 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 the company manages a portfolio of 53 million square feet.