AURORA, ILL. — IDI has sold a big-box, build-to-suit industrial property for approximately $25 million. The Class A facility was developed last year for Freudenberg Household Products as the company's American headquarters. The building comprises 525,000 square feet of industrial space and is located at 2188 Diehl Road. The facility is used for the production, storage and distribution of household products.
The buyer was Freudenberg Real Estate LP. As part of the agreement, IDI will expand the facility by 101,000 square feet. Construction is expected to be complete by the end of the year.
George Cibula, Rick Daley and Joe Bronson, all of Darwin Realty, represented the seller in the transaction. Kirk Armour and David Prell of CB Richard Ellis represented IDI.