708,230 SF building slated for delivery in May 2018.
(Indianapolis, Ind. – November 6, 2017) Browning/Duke Realty, a joint venture (JV) between Browning and Duke Realty, two of Indianapolis’ largest commercial real estate companies, announces that AllPoints Midwest 8, its new 708,230-square-foot warehouse is 100 percent leased. Scheduled for delivery in May 2018, the state-of-the-art building will be the JV’s eighth building in AllPoints Midwest, its industrial park in Plainfield located just west of Ronald Reagan Parkway and Indianapolis International Airport.
“We are pleased that we are able to meet our tenant’s needs with a new, first-class build-to-suit facility in a readily accessible location and deliver it in the time frame they need,” said Mark Hosfeld, Vice President of Leasing and Development of Duke Realty’s Indiana operations. “Late last year we elected to construct a building pad on the site in preparation for a client with an aggressive timeline. By having this pad already in place, we are well-positioned to meet our client’s requirement for a completed warehouse in spring of 2018.”
“AllPoints Midwest offers companies engaged in warehousing and distribution unparalleled advantages,” said Mark Susemichel, Senior Vice President of Development for Browning. “At AllPoints Midwest, companies benefit from superior highway access, proximity to the airport, a growing base of retail and healthcare amenities, various housing options, quality schools and public transportation service to the park via the Central Indiana Regional Transportation Authority (CIRTA), all of which are helping attract and ensure workforce availability, accessibility and stability.”
AllPoints Midwest 8 is being built on 44.09 acres at the intersection of County Road 900/Smith Road and AllPoints Parkway west of Ronald Reagan Parkway. The precast concrete building will include 36′ clear height, a TPO energy-efficient roofing system, LED lighting, a 140′ truck court, 120 trailer parking spaces and 80 – 9′ x 10′ dock doors equipped with levelers, bumpers, seals and lights. An adjacent 17-acre parcel provides the flexibility to expand the building by another 338,580 square feet.
One of the largest modern bulk distribution parks in the Indianapolis area, AllPoints Midwest, which is being jointly developed by Browning and Duke Realty, includes 958 acres which will support approximately 13.6 million square feet of space. To-date, Browning/Duke Realty has delivered seven buildings totaling more than 5.2 million square feet, all of which are 100 percent occupied.
The tenant in AllPoints Midwest 8 was represented by Terry Busch and Seth Kelly with CBRE in the transaction. The JV was represented by Mark Susemichel and John Cohoat with Browning and by Kate Ems and Mark Hosfeld with Duke Realty.
More than 300 acres of land are available in AllPoints Midwest for future development. Interested parties are invited to contact Duke Realty at 317.808.6000 or Browning Investments at 317.344.7300.
Founded in 1977, Browning remains one of the premier development companies in Indianapolis and is engaged in the acquisition, development, construction, leasing, management, ownership and disposition of investment real estate properties, primarily in the Indianapolis metropolitan area. In total, Browning has developed and constructed more than 25 million square feet of space of bulk industrial space. Browning can also be followed on Twitter, LinkedIn and YouTube.
About Duke Realty
Duke Realty Corporation owns and operates approximately 144 million rentable square feet of industrial assets in 21 key U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.