Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MEMPHIS-Industrial Developments International Inc. has signed two new leases in the local market, bringing its total activity for the year to one million square feet. Smiths Medical signed for 239,863 square feet at Crossroads Distribution Center, while Jacobson Cos. agreed to a 118,800-square-foot lease expansion there.

Smiths Medical, which provides medical devices for hospital, emergency and related environments, is consolidating a previous 109,575-square-foot facility in Southaven, MS and a San Diego distribution center in Building A at Crossroads. Henry Stratton with Colliers Wilkinson Snowden represented the tenant in lease negotiations.

Jacobson Cos., a third-party logistics provider, will add space at Crossroads Building F to a 504,104-square-foot lease signed earlier this year, bringing its total occupancy to 622,904 square feet. Brian Fogelberg and Jim Mercer with CB Richard Ellis represented the tenant.

“The IDI-designed LEED specifications at Crossroads were key to both tenants’ decisions to expand and relocate their distribution center operations here,” says Tim Moore, vice president of leasing with Atlanta-based IDI. “The companies will receive significant cost savings over the term of their lease as a direct result.”

IDI also leased 96,000 square feet to Bunzl Distribution Mid-Central at Airways Distribution Center in June. The company has developed and acquired 134 million throughout the US, Canada and Mexico.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.