Founded 1989 | ||
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Industry Industrial real estate development Area served Atlanta
Chicago
Cincinnati
Dallas
South Florida
Los Angeles
Memphis
Northern New Jersey Website www.brookfieldlogisticsproperties.com Headquarters Atlanta, Georgia, United States Subsidiaries Industrial Property Fund VI, LLC, Eurindustrial N.V., IDI Services Group, LLC Profiles | ||
Industrial Developments International (IDI) is a privately held real estate investment trust (REIT). In 2013, the company was valued at $1.8 billion, with nearly 7 million square feet under development in nine states and ownership or interests in millions of square feet of investment grade assets. In addition to leasing and investment services, IDI also constructs industrial facilities in the U.S., Canada and Mexico.
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History
IDI was established in 1989 in Atlanta by Henry "Greg" Gregory and a few partners, including former president and chief executive officer Timothy Gunter. The company started with $35 million in investments from Japan-based parent company, Kajima, and a bridge loan from First Union National Bank, now Wells Fargo. IDI was one of the first companies to approach industrial development from a national standpoint to meet customers' needs.
In 2013, IDI was acquired by Brookfield Asset Management, Inc. (BAM). In 2014, IDI and Gazeley, a European industrial real estate company, were co-branded by Brookfield as IDI Gazeley Brookfield Logistics Properties.
Services
IDI offers development, investment management, property management and leasing services. IDI has developed approximately 115 million square feet of industrial space, with projects ranging from 80,000 square feet to more than 1 million square feet throughout North America. Projects include buildings for Mitsubishi Electric Cooling & Heating, Speedway Distribution Center and Riverside Business Center in Atlanta. In 2013, the company had about 7 million square feet in development throughout nine states. IDI's specific development offerings include the following: multimarket program planning, design, market research and site selection, site review, LEED/Sustainable design consulting and construction management.
Locations
IDI is headquartered in Atlanta and has eight offices across North America including Memphis, Chicago, Cincinnati, Southern California, Dallas, South Florida and Northern New Jersey.