Browning/Duke Realty, a joint venture between two Indianapolis-based commercial real estate developers, has seen robust activity during the first half of the year in its AllPoints Midwest and AllPoints at Anson industrial developments located in Plainfield and Whitestown, Indiana, respectively.
This activity has resulted in 783,892 square feet of new leases and the start of four new industrial buildings. Leases signed in the first six months of 2018 brought three AllPoints at Anson buildings to 100 percent occupancy and filled more than half of another building in the industrial park. New developments include one build-to-suit project and one 100 percent preleased building.
To meet ongoing demand for move-in ready space, the joint venture is announcing the construction of two new speculative projects. This month construction commences on a 495,888-square-foot warehouse in AllPoints Midwest in the Indianapolis International Airport submarket, and a 149,072-square-foot industrial facility in AllPoints at Anson, which is located in the northwest submarket, just off I-65, the main connector route between Indianapolis and Chicago. Both of these buildings will be completed during the first quarter of 2019 and are available for pre-leasing.
Transactions signed since the beginning of the year include pre-leases by Decks Direct for 95,812 square feet and Lanter Delivery Systems for 53,240 square feet in All Points at Anson 2. Brian Seitz, Managing Director of JLL, represented Decks Direct, while Brad Williams, Senior Vice President with Colliers, represented Lanter Delivery.
Also at AllPoints at Anson, Polymer Technology Systems signed a long-term lease for a 134,500-square-foot, build-to-suit facility. Other transactions in the industrial park include a 130,841-square-foot lease with Royal Interpack Midwest, Inc. which brought AllPoints at Anson 19 to full occupancy and a 369,499-square-foot lease with Kuehne + Nagel which raised occupancy in AllPoints at Anson 8A to 52 percent. Royal Interpack Midwest was represented by Andrea Hopper & Jimmy Cohoat of Colliers International. Polymer Technology Systems was represented by Todd Vannatta of Cushman & Wakefield. Kuehne + Nagel was represented by Mark Writt of CBRE.
In addition to the 495,888-square-foot facility under construction in AllPoints Midwest and the 149,072-square-foot building being built in AllPoints at Anson, 338,805 square feet is available for immediate occupancy in AllPoints at Anson 8A.
