IDI vice president of leasing in the company's Atlanta regionaloffice Lisa Ward tells GlobeSt.com that the project is expected tocost in excess of $120 million. "We are currently marketing theproject for build-to-suit or speculative space," Ward says. "Weanticipate that space will attract large warehouse- ordistribution-type tenants."

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The company plans to begin construction in the third quarter onthe park's first building, an inventory facility of about onemillion sf. The rest of the park will feature a variety ofbuild-to-suit and inventory space, with individual spaces rangingfrom 30,000 sf to 1.1 million sf.

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The park is located about 50 miles northeast of Atlanta on 225acres at the intersection of Interstate 85 and Georgia Highway 82.The area has seen strong demand for distribution space with largetenants such as Sears Logistics with 773,000 sf, Haverty's with610,000 sf, Progressive Lighting with one million sf and the HomeDepot with 546,000 sf. Ward says IDI will move forward withadditional buildings in the park as demand for the space dictates.IDI anticipates the project will have a total build-out of five toseven years.

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"This is an excellent location for regional distribution," saysWard. "The site fronts Interstate 85 at a full interchange and itis located in the largest bulk distribution market in metroAtlanta, where vacancy rates for bulk space are only about 8%."

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The project is IDI's second in the Northeast Atlanta submarket.The company has also developed seven buildings with 2.8 million sfat Hamilton Mill Business Center. There are 47 acres of land leftto develop at Hamilton Mill Business Center. "We don't anticipatemuch overlap between the two projects," Ward says. "JeffersonDistribution Center will be a replacement park for first generationspace."

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