Browning/Duke Realty, a joint venture between the two Indianapolis-based developers, has announced that it will build a new 599,870-square-foot building in AllPoints at Anson, its development northwest of Indianapolis along Interstate-65 in Whitestown, Ind.
The building will be the only available bulk warehouse facility in the northwest submarket, and the only speculative development in the Indianapolis metro area with the flexibility for expansion to 1.1 million square feet.
“Interest in industrial facilities in the northwest submarket is strong, but the availability of large blocks of space has been non-existent,” said Charlie Podell, senior vice president of Duke Realty’s Indiana operations. “At AllPoints at Anson, occupancy is currently 100 percent, which has limited our ability to meet prospective tenants’ needs or to offer an alternative to existing tenants that have grown and need additional space. This new building will allow us to accommodate tenants that need 300,000 to 1.1 million square feet in a state-of-the-art industrial facility.”
“Though some speculative industrial development is going on in the city, no other bulk warehouse buildings are planned in the northwest submarket,” added Dennis Dye, executive vice president with Browning. “AllPoints at Anson’s location on I-65 is ideal for businesses that want to be close to Indianapolis, yet need ready access to Chicago. With the uptick in the economy, more and more companies have expressed an interest in opening a location on the northwest side of Indianapolis.”
The 570′ x 1,050′ precast concrete building will have 32′ clear height, 60–9′ x 10′ dock doors with the capability for another 60 doors, 50′ x 60′ dock bays and 50′ x 50′ interior bays. Parking spaces for 148 cars will be incorporated into the site, as well as a 61-trailer staging area. Construction began earlier this month, with completion scheduled for January 2013.