Whole Foods Leases 72,000 SF at IDI's Pompano Business Center
Pompano Beach, FL (April 4, 2008) -- IDI, a full-service industrial real estate company, has closed a 10-year, 71,754-square-foot lease with Whole Foods, the upscale retailer of natural and organic foods. Building M at Pompano Business Center in Pompano Beach, Fla., will serve as Whole Foods’ new South Florida distribution center.
Harry Tangalakis, senior vice president in the Fort Lauderdale office of CB Richard Ellis, represented Whole Foods in the deal, and Larry Dinner, vice president of leasing in IDI’s Fort Lauderdale regional office, represented IDI. The food retailer will occupy its new space by June 1.
“This building, which is close to Interstate 95 and Florida’s Turnpike, provides a great location for Whole Foods to serve its South Florida stores,” Dinner said. “Whole Foods needed expanded distribution space, and Pompano Building M gives the company state-of-the-art space in a Class-A facility.”
Tenant improvements will include approximately 3,000 square feet of office space as well as a significant amount of refrigerated space.
Located just north of Fort Lauderdale at 2700 NW 19th Street, the 123,062-square-foot Pompano Building M is adjacent to both Florida’s Turnpike and Interstate 95, and provides convenient access to Interstate 75. The facility was built in 2006 and offers 30-foot clear height ceilings and Early Suppression Fast Response (ESFR) sprinklers. A total of 51,308 square feet remains available for lease in the building.
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 meet its tenants’ distribution, warehouse and light-manufacturing needs. To date, IDI has developed 115 million square feet of industrial space valued at $5.6 billion. IDI has development offices in Atlanta, Cincinnati, Chicago, Dallas, Fort Lauderdale, Los Angeles, Memphis and Philadelphia. Also, IDI Services Group (www.idisg.com) provides comprehensive property management, leasing and construction management services, currently managing more than 65 million square feet of property for IDI tenants, as well as for third-party owners such as pension funds and insurance companies.