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POMPANO BEACH, FL-Atlanta-based IDI has begun construction on the final building at Pompano Business Center, the 123,062-sf Pompano Building M.

With the completion of the building in April, Pompano Business Center will have 13 buildings with 1.8 million sf. “Pompano Business Center has been a very successful business park for IDI,” says Larry Dinner, vice president of leasing in IDI’s Fort Lauderdale office. “IDI’s buildings at Pompano are currently 100% leased and Building M will allow us to provide additional space for medium to large space users.”

Building M will accommodate users with space needs ranging from 25,000 sf to 123,062 sf. The building will feature 30-foot, clear-height ceilings and early suppression fast response (ESFR) sprinkler systems. The general contractor on the project is Current Builders and the architect is Horton Harley & Carter.

With the Pompano Business Center nearly complete and demand for industrial space in Broward County still strong, IDI is moving forward with plans for its next development, Rock Lake Business Center, to be constructed on 34 acres just north of Pompano Business Center. The project will include four buildings with a total of 450,000 sf. Construction is scheduled to begin in the third quarter 2007.

“Pompano Beach is a central distribution point between West Palm Beach and Miami and it has traditionally been one of the best industrial markets in South Florida,” says Scott Helms, vice president and regional development officer for IDI in Florida, “IDI’s ability to secure the 34 acres for development is crucial because there are virtually no sites remaining for development in Pompano Beach and very few sites available in Broward County.”

With the new construction, IDI is seeking to tap into the strong industrial market in Broward County. According to a CB Richard Ellis Q3 industrial market report, the county is experiencing a record-low vacancy rate at 3.2% with 1.5 million sf of positive absorption year-to-date and a $7.54 per sf average asking rental rate. In the Pompano Beach submarket, the vacancy rate is 3.2% with 250,000 sf of positive absorption year-to-date and a $7.17 per sf average asking rental rate, the report states.

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