IDI TO DEVELOP $30 MILLION BUILD-TO-SUIT INDUSTRIAL FACILITY

AURORA, ILL. — Atlanta-based IDI will develop a build-to-suit facility for Weinheim, Germany-based Freudenberg Household Products within its Prairie Point West Business Park, which is located at 2188 Diehl Rd. in Aurora. Freudenberg has signed a 10-year lease for the 525,000-square-foot building. Situated on a 28.5-acre parcel, the new facility will serve as Freudenberg’s North American headquarters, and will include space for the company’s manufacturing, distribution and administrative operations. The $30 million building will include a 35,000-square-foot office component, as well as 32-foot clear ceiling heights, 40 truck dock doors, parking for 350 cars and 30 truck stalls, which is expandable to 90. The city of Aurora is finalizing an incentives package for the project that includes a 10-year tax abatement of up to $1.5 million and a waiver of 75 percent of building permit fees during construction. George Cibula, Richard Daly and Joe Bronson of Darwin Realty & Development Corp. represented Freudenberg Household Products; Kirk Armour and David Prell of CB Richard Ellis represented IDI in the transaction. Freudenberg Household Products plans to move into its new facility by September.