Industrial Developments International

Industrial Developments International (IDI) is a privately held real estate investment trust (REIT). In 2013, the company was valued at $1.8 billion, with nearly 7 million square feet under development in nine states[1] and ownership or interests in millions of square feet of investment grade assets.[2] In addition to leasing and investment services, IDI also constructs industrial facilities in the U.S., Canada and Mexico.[2]

IDI
Industry Industrial real estate development
Founded 1989 (1989)
Headquarters Atlanta, Georgia, U.S.
Area served
Website www.brookfieldlogisticsproperties.com

History

IDI was established in 1989 in Atlanta by Henry "Greg" Gregory and a few partners, including former president and chief executive officer Timothy Gunter.[3][4] The company started with $35 million in investments from Japan-based parent company, Kajima, and a bridge loan from First Union National Bank, now Wells Fargo.[4] IDI was one of the first companies to approach industrial development from a national standpoint to meet customers' needs.[5]

In 2013, IDI was acquired by Brookfield Asset Management, Inc. (BAM). In 2014, IDI and Gazeley, a European industrial real estate company, were co-branded by Brookfield as IDI Gazeley Brookfield Logistics Properties.[6]

Services

IDI offers development, investment management, property management and leasing services. IDI has developed approximately 115 million square feet of industrial space, with projects ranging from 80,000 square feet to more than 1 million square feet throughout North America.[4] Projects include buildings for Mitsubishi Electric Cooling & Heating, Speedway Distribution Center and Riverside Business Center in Atlanta.[7] In 2013, the company had about 7 million square feet in development throughout nine states.[8] IDI's specific development offerings include the following: multimarket program planning, design, market research and site selection, site review, LEED/Sustainable design consulting and construction management.[9]

Locations

IDI is headquartered in Atlanta and has eight offices across North America including Memphis, Chicago, Cincinnati, Southern California, Dallas, South Florida and Northern New Jersey.[5]

References

  1. "Logistics firm signs lease for 117,181 square feet in Olive Branch". The Commercial Appeal. 2013-05-06. Retrieved 2013-06-25.
  2. 1 2 3 "IDI Makes Waves with 35,236 SF Lease at Miramar Centre". CityBizList. 2013-05-09. Retrieved 2013-06-25.
  3. "Developer, conservationist Gregory retiring from IDI". Atlanta Business Chronicle. 2007-12-10. Retrieved 2013-04-20.
  4. 1 2 3 "Thinking Big". National Real Estate Investor. 2000-04-01. Retrieved 2013-04-21.
  5. 1 2 "IDI reaps big rewards from fundamental vision". National Real Estate Investor. 1996-02-01. Retrieved 2013-04-20.
  6. "Brookfield Announces Creation of New Brand for $3.5 Billion Global Logistics Property Platform". Reuters. 2014-05-28. Retrieved 2015-06-23.
  7. "Atlanta-based IDI Sees Strongest Level of Development Since Recession". CityBizList Atlanta. 2012-07-27. Retrieved 2013-04-23.
  8. "IDI celebrates strong start to 2013; Cincinnati, Memphis and Chicago markets remain strong". Midwest Real Estate News. 2013-04-18. Retrieved 2013-04-23.
  9. 1 2 "IDI: Development". IDI. Retrieved 2013-04-22.
  10. "IDI's Leasing Activity Surpasses 3.3 Million Sq. Ft. in First Half of 2011". National Real Estate Investor. 2011-08-30. Retrieved 2013-06-25.
  11. "IDI Secures More Than 2 Million Square Feet of Leases in Q1: Quarter Saw Memphis and Philadelphia Markets Lead Volume in 2013". Yahoo. 2013-04-10. Retrieved 2013-06-25.

External links

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