IDI Buys 250 Acres in SW Atlanta, Plans 650,000-SF Industrial Facility
- Jan 31, 2012
IDI, a leading full-service industrial real estate company, has recently announced its purchase of 254 acres of land in the I-20 West submarket of Atlanta; the company’s immediate plan is to start construction on Building A, a 650,000-square-foot speculative building at Riverside Business Center.
IDI’s longtime plans for the Riverside Business Center include five buildings totaling 1.2 million square feet, with warehouse and industrial space ranging in size from 75,000 to 650,000 square feet. According to an official release, pad-ready sites will also be available for build-to-suit opportunities.
Currently there are two commercial sites on the property—at the intersection of Thornton Road and Riverside Parkway—which IDI plans on marketing for retail and commercial uses. The location offers great access to I-20, I75 and I-85 and is within close proximity to Downtown Atlanta and the Hartfield-Jackson International Airport.
According to an official release, the company is highly familiar with the I-20 West submarket, given the fact that, for the past decade, nearly 40 percent of its Georgia leasing activity took place in the area. “IDI has a long history of success with properties in the I-20 West submarket as this location is ideally positioned for companies seeking to add a key location to their supply chain,” said Lisa Ward, vice president of leasing for IDI’s Atlanta market office. “The I-20 West submarket is relatively healthy with very few class-A buildings over 500,000 square feet available currently. As such, we are excited to deliver a new, class-A, IDI-quality property to the marketplace and about the opportunities provided in this submarket.”