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IDI Services Group has landed a contract to manage and lease 2.65 million square feet of industrial space for San Antonio-based USAA.
The management and leasing subsidiary of national real estate developer IDI already manages 1.813 million square feet of space for USAA in Memphis, and the new contract will bring a total of 4.464 million square feet of USAA-owned property under IDI management.
I think a lot of people didn't know that IDI had a third-party arm," says Jeff Jackson, senior director of leasing. "This really was a huge deal for us to put us on the map and get it out there that we can do third-party management."
The buildings involved in the new contract include: 1.135 million square feet at 4880 Tuggle; 400,000 square feet at 3399 East Raines; 400,000 square feet at 3530 East Raines; 433,260 square feet at 5510 Holmes; and 283,500 square feet at 5540 Holmes.
The Raines buildings, located in Centerpoint Industrial Park, are occupied by Technicolor and Philips,...