15 Mar IDI Logistics Nominated for Prestigious Real Estate Award
Passaic Logistics Center is a finalist for Best Industrial & Logistics Project
(ATLANTA, GA – March 15, 2023) IDI Logistics, a leading developer and manager of logistics real estate, has been honored as a finalist at the MIPIM Awards 2023 in Cannes, France. The awards celebrate the very best of the real estate industry worldwide. IDI Logistics’ Passaic Logistics Center in Passaic, New Jersey has been nominated for Best Industrial & Logistics Project.
Completed in 2022, the Passaic Logistics Center is a modern, strategically located last-mile distribution facility in New Jersey that transformed an abandoned, polluted 8-acre land site into a premier logistics campus containing a Class-A warehouse with professional landscaping that enhances the surrounding area.
“IDI Logistics is very pleased with the outcome of Passaic Logistics Center. We were able to take a contaminated site and redevelop it into a clean, attractive, and economically successful facility. The project will provide walkable jobs to the community for decades to come,” said Mark Saturno, Chief Executive Officer at IDI Logistics. “Getting community support and enthusiasm for the project required building a deep relationship with the City of Passaic. We are thrilled that the City trusted IDI with the opportunity and they have been so happy with the outcome.”
Passaic Logistics Center was 100% pre-leased before completion to a major home improvement retailer and will provide dozens of jobs to an economically disadvantaged community. The Passaic City Council President called the results, “a dream come true.”
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