Memphis, March 16, 2011
IDI, a leading full-service industrial real estate company, today announced the renewal of a 434,900-square-foot lease by Priority Fulfillment Services at Airways Distribution Center, Building B. The renewal marks the largest lease for IDI in Memphis since 2009.
Priority Fulfillment Services (PFS) is a comprehensive end-to-end e-commerce solutions provider, including logistics services. The company has used the space at Airways Distribution Center since 2004 to serve their clients.
AirwaysDistribution Center is located at 8474 Marketplace Drive in Southaven, MS. It is a master-planned, Class-A business park strategically located two miles from Memphis International Airport, less than one mile from two I-55 interchanges and six miles from I-240. The Center features six buildings for a total of 664,828 square feet.
"We have had an excellent tenant relationship with Priority Fulfillment Services for the past seven years and we are thrilled they decided to renew with us," said Tim Moore, vice president of leasing in IDI's Memphis office. "We are looking forward to serving PFS for years to come."
Wyatt Aiken of Commercial Advisors represented Priority Fulfillment Services in the renewal. IDI was represented by Tim Moore.
About Priority Fulfillment Services
Priority Fulfillment Services’ parent company PFSweb (Nasdaq: PFSW) develops and deploys comprehensive end-to-end eCommerce solutions for Fortune 1000, Global 2000 and brand name companies, including interactive marketing services, global fulfillment and logistics and high-touch customer care. The company serves a multitude of industries and company types, including such clients as P&G, LEGO, Carter's, AAFES, Riverbed, InfoPrint Solutions Company, Hawker Beechcraft Corp., Roots Canada Ltd. and Xerox.
About IDI
Atlanta-based IDI (www.idi.com) is a leading, full-service real estate property company with a singular focus on industrial real estate. IDI provides unmatched development, investment, property management and leasing services supported by eight market-focused offices. IDI’s state-of-the-art warehouse, distribution and light-manufacturing facilities enable clients to enhance employee productivity, reduce operational costs and achieve global supply-chain efficiencies. To date, IDI has delivered more than 63 world-class business parks, and developed and acquired 134 million square feet of space in the U.S., Canada and Mexico for a growing roster of international clients.
|
|
|
