For Duke Realty’s Charlie Podell succeeding at commercial real estate has been about building relationships.
And, as Podell says, it was a long-standing relationship that played a big part in convincing Regal Beloit Corporation to choose the Browning/Duke Realty-developed AllPoints Midwest bulk industrial park in Plainfield, Ind., for its new 376,000-square-foot facility.
“We at Duke have been familiar with Regal Beloit for years,” said Podell, senior vice president of Indiana operations with Duke, during a recent phone call with Midwest Real Estate News. “In fact, 15 years ago Regal Beloit was in one of our other business parks. We are excited to get them back in a facility that is partly owned and managed by us.”
Regal Beloit, a manufacturer of electrical and mechanical motion control products, has chosen Browning/Duke Realty to build its new regional distribution center and logistics headquarters in AllPoints Midwest. That bulk industrial park is being co-developed by Browning and Duke.
Regal Beloit’s 376,000-square-foot facility is being built on a 25.8-acre site at the industrial park. Construction is scheduled to wrap up by the end of this year.
Podell said that the move makes sense for Regal Beloit for several reasons. First, the industrial park features good ingress and egress and connects to several major highways and roads. It is near the Avon intermodal yard and the Indianapolis International Airport.
Timing was important, too, Podell said. Regal Beloit needs to be in its new facility by Nov. 1. Browning/Duke Realty was able to promise the right delivery date. This is largely because Browning/Duke Realty boasted a functional, shovel-ready site that was available in AllPoints Midwest.
“This is a big win for us,” Podell said. “It helps us with momentum as we are trying to develop the rest of this business park.”
AllPoints Midwest includes 958 acres of land with a planned 13.6 million square feet of bulk distribution buildings.