(Indianapolis, Ind. – Nov. 8, 2012) Browning/Duke Realty today announced the completion of Regal Beloit Corporation’s (NYSE: RBC) new regional distribution and logistics headquarters in AllPoints Midwest, a bulk industrial park being developed jointly by the two companies in Indianapolis’ southwest submarket. The 376,000-square foot building, which is LEED® New Construction registered, was delivered September 30, four weeks ahead of the targeted delivery date of November 1, 2012. The build-to-suit facility was also delivered on budget.
“We have officially moved into our new facility and are extremely pleased with the finished product. The building provides us with everything we wanted in a state-of-the-art logistics center and, as promised, was fully operational by November 1,” said Linda Shaw, Regal’s Vice President of Customer Care and Logistics. “Duke Realty’s construction team worked diligently to ensure that our new building met our specifications and was ready for occupancy by our designated deadline. Their construction capabilities, shovel-ready site and commitment to delivering promises all worked together to provide us with a first-class, energy-efficient facility in the timeframe and location we wanted.”
“Delivering Regal’s new headquarters on time and on budget was a commitment our team took very seriously and worked very hard to meet,” said Charlie Podell, Senior Vice President of Duke Realty’s Indiana operations. “We are pleased that we were able to provide Regal with a first-class facility in their desired location and within the established schedule and budget.”
AllPoints Midwest is one of the newest and largest modern bulk distribution parks in the Indianapolis area. AllPoints Midwest, which is being jointly developed by Duke Realty and Browning, includes 958 acres of land with a planned 13.6 million square feet of bulk distribution buildings. The park offers unparalleled intermodal transportation opportunities in the Midwest. Located near the Indianapolis International Airport, Interstate 70 and CSX railroad’s Avon intermodal yard, AllPoints Midwest companies will benefit from improved shipping speed and reliability, avoid the Chicago intermodal rail bottleneck, and be served with intermodal rail service to and from most major markets.
“Regal’s new facility in AllPoints Midwest gives it high-quality, efficient space and puts it in a submarket with multiple transportation options,” added Dennis Dye, Executive Vice President with Browning. “We look forward to duplicating the successful experience that Regal had in getting a build-to-suit facility delivered quickly in AllPoints Midwest with other companies.”
In seeking LEED New Construction certification for Regal’s new facility, numerous green practices and features were incorporated into its construction. Sustainable characteristics of Regal’s building include:
- Energy management, including high-efficiency heating, ventilation and air-conditioning systems.
- A construction waste management program to divert more than 75 percent of waste from the landfill.
- Water-efficient plumbing fixtures.
- Use of regionally manufactured and recycled materials.
- Use of only certified wood products recognized by the Forest Stewardship Council.
- Specifying low-VOC (volatile organic compounds) emitting construction materials to improve indoor air quality and occupant health.
- Highly reflective roof surfaces for a reduction in heat island effect caused by development.
About Regal Beloit
Regal Beloit Corporation is a leading manufacturer of electric motors, mechanical and electrical motion controls and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal Beloit’s common stock is a component of the S&P Mid Cap 400 Index and the Russell 2000 Index.
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 15 million square feet of space. To learn more, visit: www.browninginvestments.com.
About Duke Realty
Duke Realty owns and operates approximately 142 million rentable square feet of industrial and office assets, including medical office, in 18 major U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.