News
SHOPPING SPREE
July 27, 2011
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| IDI is about to go on a $500M shopping spree. IDI's Lisa Ward told more than 200 attendees at a recent Atlanta industrial market event that the company's investment management group has already raised $400M and plans to add another $200M or more by the end of the year to buy core assets and value-add opportunities and fund build-to-suit opportunities throughout the US. Lisa's comment came during an industrial panel discussion at the Atlanta Commercial Board of Realtors HQ. Already, IDI is pursuing spec development, including a major distribution facility in California's Inland Empire and a 200k SF warehouse in Salt Lake City that's already 40% leased, Lisa says. Rents also are on the rise for IDI, which did some ?ugly deals? during the depths of the recession just to get paying customers in the spaces. |
