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ATLANTA-Locally based IDI is investing an estimated $60 million in two new spec bulk distribution buildings totaling 1.11 million sf at the Hamilton Mill Business Center in the Northeast/I-85 submarket in Buford. All total, IDI has developed 108 million sf of industrial product in the past 17 years valued at $4.7 billion.

IDI has broken ground on a 303,815-sf building (Building D) and is four months away from completing its largest industrial project developed so far in metro Atlanta, an 870,480-sf distribution facility (Building I). Area construction sources tell GlobeSt.com the buildings are probably going up at a hard construction cost of $45 to $55 per sf, or an estimated aggregate total of $60 million.

An IDI representative tells GlobeSt.com his firm "generally doesn't disclose construction costs…but your numbers are in the ball park." IDI plans to develop, in future phases, up to 13 buildings totaling four million sf at Hamilton Mill. Based on a current average hard construction cost of $50 per sf, that would make IDI's estimated investment in the 13 structures at about $200 million, according to local construction sources familiar with comparable industrial projects.