Doug Johnson, IDI's senior vice president and regionaldevelopment officer, tells GlobeSt.com that dirt work will start inthree to six months on Interstate Commerce Center South. "We're notin a big hurry," he says. "There's a lot of industrial productunder construction there now." But, he stresses that IDI intends tobuild.

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

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

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"This site has everything," John Leinbaugh, IDI's vice presidentof leasing, says in a press release. In addition to interstatefrontage, he points to its proximity to the Union PacificRailroad's intermodal facility in Dallas Logistics Hub and nearbyrestaurants and hotels.

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New product in the southern sector ranges from $3.25 per sf to$3.40 per sf. IDI hasn't set its quoted rate. "We've got a long wayto go," Johnson says, "but we're pretty confident we can meet themarket."

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IDI bought the corner for a one-off project from Don Valk ofDallas, who had Shawn Valk of Assured Realty Group, also Dallas,marketing it to a select few. "He had a price and it was reasonableto us," Johnson says. "We wanted something different from whateveryone else is doing." Pax Glenn of Glenn Commercial Real Estatein Dallas brokered the deal for IDI.

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