HD Supply Facilities Maintenance, Ltd. Signs 229,308 SF Lease in Madison Business Center, Building A
Atlanta, February 26, 2014 – Industrial Developments International (IDI), a leading full-service industrial real estate company, announced today that HD Supply Facilities Maintenance, Ltd. (HD Supply), a supplier of maintenance, repair and operations products, has signed a 229,308-square-foot lease in Madison Business Center in Tampa, Fla. The deal fills the largest Class A vacancy in the Metro Tampa Bay market.
“HD Supply relocated to Madison Business Center to be closer to some of their major distribution end points, making them even more accessible to their centers of operation while providing more efficient logistics,” said Larry Dinner, vice president of leasing in IDI’s Florida office. “This lease is a testament to HD Supply’s growth and demonstrates the growing demand within the market.”
HD Supply plans to use this space as a center for the distribution of janitorial supplies. The 385,619 square foot building provides 30 foot clear heights, trailer storage and access to Tampa’s main thoroughfares. With this lease, Building A still has 156,311 square feet of space remaining, making it the largest Class A space available in the seven-county metropolitan area.
Madison Business Center is a 58 acre development located off U.S. Route 41, is in close proximity to Interstates 4 and 75, and provides convenient access to the Port of Tampa (6 miles), downtown Tampa (9 miles) and Tampa International Airport (15 miles). Delivered in 2008, Madison Business Center has 532,000 square feet developed to-date across two buildings. Three additional building sites are planned, ranging from 100,000 to more than 200,000 square feet.
Madison Business Center is one of the last industrial sites remaining for industrial development in the core East Tampa Distribution Market. The five-building-development totals nearly one million square feet.
Brian Rettig and Kevin Hoover from CBRE represented HD Supply while Rick Narkiewicz from CBRE represented IDI.
With nearly 7 million square feet currently under development, IDI is one of the largest privately-held real estate companies in North America focused exclusively on industrial property. The company, headquartered in Atlanta, Georgia, provides development, investments, property management and leasing services to corporations, property owners, investors, financial institutions and real estate service providers. IDI has ownership or interests in 48 million square feet of investment grade assets, with $2.9 billion in company-owned and joint venture assets.
Since the company’s founding in 1989, IDI has built a reputation for delivering superior quality properties and service. To date, IDI has developed and acquired 170 million square feet of industrial space and completed more than 700 industrial facilities in the U.S., Canada and Mexico. The company’s joint-venture investment portfolio, focused on building long-term value, holds more than 17 million square feet of assets and manages a portfolio of 67 million square feet. For more information on IDI, visit www.idi.com. You can also follow us on Facebook and Twitter.