Kirk Armour and David Prell with CB Richard Ellis representedIDI in the deal, while George Cibula, Richard Daly and Joe Bronsonwith Darwin Realty represented the tenant. "They looked at avariety of sites and it was a fairly competitive go-around," JeffLanaghan, VP of leasing with IDI, tells "This site hadhighway frontage, and they like Aurora for its good labor pool andthe city's willingness to work with them." As part of the deal, thecity assembled an incentive package for Freudenberg, including a10-year tax abatement of up to $1.5 million and a waiver of 75% ofbuilding permit fees during construction.


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


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

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