IDI Chicago Office Adds First Tenant in Canada
Ancra International Expands with Move into Woodstock Facility
WOODSTOCK, Ontario, May 16, 2012 – IDI, a leading full-service industrial real estate company, welcomed its first tenant in a Canadian facility on April 16 when Ancra International, Ltd. moved into its Commerce Way Business Park located in Woodstock, Ontario, Canada. IDI’s Chicago market office signed the lease with Ancra for 26,004 square feet, almost doubling the company’s current operational space.
“IDI’s facility exceeded our expectations for a distribution center,” said Brian Larocque, managing director for Ancra Canada. “Increasing our space gives us room to continue to expand our business, and we’re very pleased with our decision to move.”
Ancra occupies a portion of Woodstock Building A in Commerce Way Business Park at 520 Beards Lane in Woodstock, Ontario, Canada. Ancra is the first tenant in Woodstock Building A, and marks IDI’s first-ever tenancy in a Canadian business park. The company supplies cargo restraint systems for airlines, trucking and military use and will use the space for product distribution.
“We are thrilled that Ancra has decided to expand operations at Commerce Way Business Park,” said Jeff Smith, vice president of leasing and development for IDI’s Chicago market office. “We look forward to more positive growth in the greater Toronto area in the future.”
Kyle Hanna of CBRE represented Ancra, and Ron Jansen and Justin Lavoie of Colliers International represented IDI in the transaction.
IDI’s Commerce Way Business Park features two existing industrial facilities totaling 457,482 square feet. The business park, which was developed in 2007, is located between the Waterloo region and London at the confluence of two of Ontario’s largest thoroughfares, Highway 401 and Highway 403.The development represents IDI’s first venture into a Canadian market.
About Ancra International, Ltd.
Ancra International, headquartered in Hawthorne, CA, is a world-class designer and manufacturer of cargo restraint systems and related components and assemblies serving the commercial vehicle market and other industries. Its heritage as a product innovator is underscored by the fact that Ancra holds 71 domestic and foreign patents and 51 product trademarks. Each product is made from only the finest materials with attention given to every engineering detail. All component parts and materials are selected for performance and durability to offer customers the most cost-effective and reliable solutions to their needs. In 1996, Ancra was acquired by The Heico Companies. Heico companies have aggregate sales of more than $2.7 billion, and are an exceptional resource of professional services.
IDI is a real estate company focused exclusively on industrial property. The company, headquartered in Atlanta, Georgia, provides development, investment and property management and leasing services supported by eight, strategically located U.S. market offices. Valued at $1.8 billion, IDI is among the largest privately-held logistics property companies in North America with ownership or interests in 33 million square feet of investment grade assets.
Since the company’s founding in 1989, IDI has built a reputation for delivering superior quality properties and service. To date, IDI has developed and acquired 134 million square feet of industrial space and completed more than 500 industrial facilities in the U.S., Canada and Mexico. The company’s investment portfolio, focused on building long-term value, holds more than 22 million square feet of assets and the company manages a portfolio of 50 million square feet.