IDI Logistics Announces Built-to-Suit Distribution Center for AmerisourceBergen

Lease will add 10th building to Crossroads Distribution Center

ATLANTA (June 12, 2015) – IDI Logistics, a leading global investor and developer of logistics warehouses and distribution parks, announced today that they will develop and lease a built-to-suit distribution center for AmerisourceBergen in Olive Branch, Miss., part of the Memphis market. AmerisourceBergen, a global healthcare solutions leader, is expanding its supply chain to increase efficiency and improve product access that will ultimately enhance patient care. The company is also growing its presence in Shakopee, Minn. and Newburgh, N.Y. as part of this supply chain expansion.

“We have collaborated with AmerisourceBergen on six facilities in the past across multiple U.S. markets and this latest project represents the tremendous partnership between us. We’re proud to be able to provide the space that will meet their specific needs to enhance their operational efficiency,” said Tim Moore, Market Officer in IDI Logistics’s Memphis office. "Our global network along with our local market knowledge enables our customers to grow their business throughout North America and beyond.”

When complete, the building will bring the size of Crossroads Distribution Center to 10 buildings spanning 5.2 million square-feet. Construction on the new facility is expected to start in the summer of 2015 and will take approximately 18 - 24 months to complete. Other tenants in Crossroads Distribution Center include Milwaukee Electric Tool, General Electric and Smiths Medical.

This announcement is part of AmerisourceBergen’s ongoing investment in the distribution network and IT systems that handle nearly 35 percent of all pharmaceuticals sold and distributed throughout the country. The new distribution centers are part of AmerisourceBergen’s commitment to creating an efficient healthcare and pharmaceutical distribution network. IDI Logistics’s extensive network of properties and professionals throughout North America provided AmerisourceBergen with the local market knowledge and industry expertise to deliver the right space for their needs. IDI Logistics has 16 market offices across North America, Europe and China.

Patrick Burke and Jacque Beeson with CBRE Memphis and Bob Zwengler with CBRE Philadelphia represented AmerisourceBergen.

For further information please contact:

IDI Logistics
Reed Barrickman
404-479-1626
reed.barrickman@idilogistics.com

About IDI Logistics
IDI Logistics (Brookfield Logistics Properties) is one of the world’s leading investors and developers of logistics warehouses and distribution parks with 60 million square feet of premier assets under management and additional prime land sites to develop another 55 million square feet of distribution facilities near major markets and transport routes in North America.