Doug Johnson, IDI's senior vice president and regional development officer, tells GlobeSt.com that dirt work will start in three to six months on Interstate Commerce Center South. "We're not in a big hurry," he says. "There's a lot of industrial product under construction there now." But, he stresses that IDI intends to build.

"It's a great location and we wanted to get into that market," Johnson says, adding he's been scouting the corridor for a site that would differentiate IDI's project from all others. He says the location at the interstates' kissing point and frontage on both will be the dealmaker for tenants as it was for him. The hard-corner site has roughly 1,350 feet of frontage on each interstate.

IDI's project is in the engineering, design and permitting stage so the all-in development cost is pending, according to Johnson. Macgregor Associates Architects of Atlanta is designing a 520-foot wide cross-dock. Johnson says the building can be divvied into three tenant spaces.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.