Browning/Duke Realty JV Signs 783,892 SF in New Leases, Starts Four New Buildings in First Half of 2018

All Points Midwest and AllPoints at Anson developments continue to attract companies looking for modern buildings, central U.S. location and direct highway access.

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 their AllPoints Midwest and AllPoints at Anson industrial developments located in Plainfield and Whitestown, Ind., respectively, resulting 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 JV 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.

“We are very pleased with the activity we’ve seen in our Indianapolis-area properties since the first of the year,” said Mark Hosfeld, Vice President of Leasing and Development for Duke Realty in Indiana. “Both AllPoints Midwest and AllPoints at Anson offer new, state-of-the-art industrial facilities complemented by superior highway access that connects companies with nearly 60 percent of the U.S. and Canadian populations in a one day’s drive.”

“As companies look to improve their distribution efficiencies, they have found that our AllPoints Midwest and AllPoints at Anson industrial developments offer facilities that are designed and built to improve material handling and storage efficiencies,” said Mark Susemichel, Senior Vice President of Browning. “In both of our industrial developments, our strategy has been to have ready-to-move-into space for businesses with immediate needs, plus be poised to deliver build-to-suit facilities in a relatively short time frame for clients with specific requirements. Our new speculative buildings will raise the amount of available space at AllPoints at Anson to 487,877 square feet and at AllPoints Midwest to 495,888 square feet.”

Transactions signed since the beginning of the year include preleases 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.

“Our community has benefited tremendously from the businesses that have chosen AllPoints at Anson for their operations,” said Dax Norton, Town Manager of Whitestown. “We continue to work closely with Browning and Duke Realty in showing potential customers the advantages a location in Whitestown can bring their business and workforce.”

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.

Parties interested in leasing or build-to-suit opportunities in AllPoints Midwest or AllPoints at Anson are invited to contact Duke Realty at 317.808.6000 or Browning at 317.344.7300.

About Browning

Browning changes skylines and communities by developing, building and managing game-changing commercial real estate projects. With a reputation for executing large transactions and complex projects, the firm’s diversified portfolio includes market-leading industrial, office, mixed-use, healthcare, life science and higher education projects. Established in 1977, Browning is based in Indianapolis. More information can be found at www.browninginv.com.

About Duke Realty

Duke Realty Corporation owns and operates approximately 150 million rentable square feet of industrial assets in 20 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.

 

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