10.04.2006 17:38:00

Herbalife Signs 129,600-SF Build-to-Suit Deal with IDI

IDI has signed a build-to-suit agreement with HerbalifeLtd. (NYSE: HLF) to develop a 129,600-square-foot distributionfacility at Chickasaw Distribution Center in the Southeast submarketof Memphis.

Herbalife signed a 10-year lease to occupy Building K at IDI'sChickasaw Distribution Center, a 4.6-million-square-footmaster-planned business park. The building, now under construction atthe park, will be Herbalife's regional fulfillment center. The companyis scheduled to occupy the space September 1. Mike McRoskey and FrankScott of Staubach Los Angeles and Andy Cates of Colliers WilkinsonSnowden represented Herbalife in the $6.3 million deal.

"Herbalife wanted to be in a modern distribution center in abusiness campus setting," said Tim Moore, vice president of leasing inIDI's Memphis development office. "As part of the agreement, Herbalifehas the sole right to expand on the adjacent land, which gives themthe capacity to double their space to about 260,000 square feet on thesite."

"We chose this site because we want to build a state-of the artdistribution and walk-in facility from the ground up for ourindependent distributors and employees", commented Tom Harms, vicepresident, U.S.A. operations at Herbalife.

Building K is under construction on the last remaining parcels ofdevelopable land at Chickasaw. "This basically completes IDI'sdevelopment at the site," Moore said. However, space for tenants withspace needs of up to 550,000 square feet is available for lease atbuildings D, G and J at the park.

Also in the Memphis market, IDI is developing Stateline BusinessPark, which will total 3.9 million square feet upon completion. Thepark offers tenants space options ranging from 9,600 square feet to784,240 square feet. In addition to the completed 257,976-square-footBuilding C and 784,240-square foot Building D, the park includes the241,164-square-foot Building A and the 409,176-square-foot Building E,both scheduled for completion in May 2006.

About Herbalife (www.herbalife.com)

Herbalife is a global network marketing company that sellsweight-management, nutritional supplements and personal care productsintended to support a healthy lifestyle. Herbalife products are soldin 61 countries through a network of more than one million independentdistributors. Herbalife Investor Relations http://ir.herbalife.com/

About The Staubach Company

The Staubach Company (www.staubach.com) is the market leadingglobal real estate advisory firm that delivers cost-effectivesolutions for the users of office, industrial and retail space. It hasextensive experience in strategic consulting, site selection,acquisition, disposition, construction consulting / projectmanagement, real estate administration, portfolio management,financing and capital solutions.

1,277 people in 60 offices throughout the Americas representStaubach's 2,400 clients. Staubach completed 5,600 transactionstotaling $21 billion and 290 million square feet during the fiscalyear ending June 2005.

Worldwide, the DTZ Staubach Tie Leung partnership has more than10,000 professionals delivering services and solutions tomultinational clients.

About IDI

In addition to its Memphis regional office, IDI operatesdevelopment offices in Atlanta, Chicago, Cincinnati, Dallas, FortLauderdale, Los Angeles and Philadelphia. IDI (www.idi.com) is anational, full-service industrial real estate developer based inAtlanta, providing strategically located properties throughout theU.S. to meet its tenants' distribution, warehouse andlight-manufacturing needs. In addition, IDI Services Group providescomprehensive property management, leasing and construction managementservices, currently managing 51 million square feet of property forIDI tenants. IDI has developed 102 million square feet of industrialspace worth $4.2 billion.

(HLFP)

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