IDI Makes Waves with 35,236 SF Lease at Miramar Centre
IDI, a leading full-service industrial real estate company, announced the company has signed a 35,236-square-foot lease with Mercury Marine at Miramar Centre Business Park Building C.
Mercury Marine, a division of Brunswick Corporation (NYSE: BC), provides engines, services and parts for recreational, commercial and government marine applications. The company’s new space at Miramar Centre will be used as the distribution headquarters serving Latin America and as a training center.
“As we continue to expand into the Latin American market, Miramar Centre provides us with a strategic distribution location to help us best serve our customers,” said Kevin Grodzki, president of global sales and marketing at Mercury Marine. “Additionally, Miramar provides us with the needed space to train our customers and access to a strong workforce in South Florida. Having a new, state-of-the-art facility makes our training more effective and reflects the quality of our products.”
To date, IDI has developed seven buildings totaling 800,000 square feet at Miramar Centre Business Park. The company has broken ground on a new building, Building B, for an additional 304,420 square feet in the park.
“We were among the first industrial real estate companies to re-invest in the South Florida market following the recession and that investment has paid off for both us and our tenants,” said Larry Dinner, vice president of leasing for IDI’s Florida office. “As the market continues to strengthen, we look forward to continuing to build long term value at Miramar and our other properties in the market for our customers and the community.”
Harry Tangalakis of CBRE represented Mercury Marine and Larry Dinner represented IDI in this deal.
IDI has nearly seven million square feet under development in nine states and has been the first to market with new inventory space in several cities, taking the lead as the industry moves out of the recession
With nearly seven million square feet currently under development, IDI is one of the largest privately-held real estate companies in North America focused exclusively on industrial property. The company, headquartered in Atlanta, Georgia, provides development, investments, property management and leasing services to corporations, property owners, investors, financial institutions and real estate service providers. IDI has ownership or interests in 36 million square feet of investment grade assets, with $1.8 billion in company-owned and joint venture assets.
Since the company’s founding in 1989, IDI has built a reputation for delivering superior quality properties and service. To date, IDI has developed and acquired 149 million square feet of industrial space and completed more than 589 industrial facilities in the U.S., Canada and Mexico. The company’s joint-venture investment portfolio, focused on building long-term value, holds more than 31 million square feet of assets and the company manages a portfolio of 55 million square feet. For more information on IDI, visit www.idi.com.