IDI Issues Two Leases Totaling Over 49,000 Square Feet
Dallas (January 24, 2005) -- IDI, a national full-service industrial real estate development firm, has signed two recent leases in Dallas; a 36,427-square-foot lease with YKK AP America at Valwood West Business Park, and a 12,270-square-foot lease with Cobra Wire & Cable at Plano Business Park.
YKK AP America, a manufacturer of aluminum building products, will use the space to store, ship, receive and assemble architectural products.
Cobra Wire & Cable will move into Plano Business Park and will use the space for storage and light assembly. Cobra is an independent producer of insulated wire and cable products, and related items.
John Leinbaugh, vice president of leasing for IDI’s Dallas/Fort Worth region, represented IDI in the transactions with Richard Carlson with The Carlson Group representing YPP AP America and Andy Kampen with Banner Commercial representing Cobra Wire & Cable.
IDI’s Dallas region has developed more than 8 million square feet of industrial space and has six business parks in Texas: America’s Business Park, Arlington Commerce Center, DFW Trade Center, Plano Business Park, Pinnacle Industrial Center and Valwood West Business Park. In addition to Dallas, IDI has regional development offices in Atlanta, Chicago, Cincinnati, Fort Lauderdale, Los Angeles and Memphis.
IDI (www.idi.com) is a national, full-service industrial real estate developer based in Atlanta, providing strategically located properties throughout the U.S. to best meet tenants' distribution, warehouse and light-manufacturing needs. Since the company was founded in 1989, IDI has grown from assets of $89 million to more than $498 million in wholly owned assets and another $846 million in joint venture assets. Company gross revenues have grown from $3.2 million in 1989 to more than $187 million as of 2004, year-end. IDI has developed close to 99 million square feet of industrial space worth over $3.2 billion.