Kirk Armour and David Prell with CB Richard Ellis represented IDI in the deal, while George Cibula, Richard Daly and Joe Bronson with Darwin Realty represented the tenant. "They looked at a variety of sites and it was a fairly competitive go-around," Jeff Lanaghan, VP of leasing with IDI, tells GlobeSt.com. "This site had highway frontage, and they like Aurora for its good labor pool and the city's willingness to work with them." As part of the deal, the city assembled an incentive package for Freudenberg, including a 10-year tax abatement of up to $1.5 million and a waiver of 75% of building permit fees during construction.

The building will be developed on a 28.5-acre site at IDI's Prairie Point West Business Park, at 2188 Diehl Rd. The last facility developed at the park was a 363,000-square-foot spec building that IDI completed in June, directly to the west of Freudenberg's site. The building remains vacant and available for a similar lease rate as in Freudenberg's deal.

Freudenberg is expected to move by September 2009 to its new North American headquarters, which will house 375 jobs in its manufacturing, distribution and administrative operations. The building is expandable by an additional 110,000 square feet, Lanaghan says. It will offer 32-foot clear heights, 40 truck dock doors, parking for 350 cars and stalls for as many as 90 trucks.