(Indianapolis, Ind. – April 13, 2017) Browning/Duke LLC, a joint venture between Browning Investments and Duke Realty, announces that it has executed a long-term lease agreement for a 251,080-square-foot, build-to-suit design, manufacturing, warehouse and showroom for Facility Concepts, Inc. (FCI). FCI, a designer and manufacturer of commercial furniture for the education, entertainment, food service, hospitality and retail industries. The new warehouse is being built to FCI’s specifications on a 17-acre site that fronts Interstate 65 in AllPoints at Anson, Browning/Duke Realty’s 616-acre industrial park which is located in Whitestown, Indiana just northwest of Indianapolis on I-65 North at SR 267.
“This build-to-suit warehouse will provide the space we need to accommodate our continued growth plus enable us to improve the efficiency of our operations in Indiana,” said Ken Weaver, President and CEO of Facilities Concepts. “We appreciate the benefits of locating in a master-planned park with architectural standards and amenities such as walking paths for our employees. We are confident that Browning/Duke Realty will deliver a building custom designed for our needs within our desired time frame.”
“We are pleased that FCI has chosen Browning/Duke Realty to develop its new facility,” said Mark Hosfeld, Vice President of Leasing and Development for Duke Realty’s Indiana operations. “Our proven track record of delivering modern, build-to-suit facilities in a short period of time, coupled with having land available for development in a highly desirable location, were strong factors in FCI’s decision to work with us on this project.”
“AllPoints at Anson has so much to offer companies looking for industrial space in the Indianapolis metro area,” said Mark Susemichel, Senior Vice President of Development for Browning. “The park offers immediate access to I-65, is well-served by public transportation, is located near vibrant, growing communities with strong pools of workers and is adjacent to a host of convenient amenities. These advantages helped drive FCI’s decision, as well as several other companies, to choose AllPoints at Anson in recent months, fueling the construction of four additional, new warehouse/distribution facilities.”
In addition to the build-to-suit for FCI, Browning/Duke Realty has either started or delivered nearly 1.5 million square feet of new space in AllPoints at Anson in the past 12 months. Among the new buildings in AllPoints at Anson are a 283,500-square-foot build-to-suit warehouse for a major truck part manufacturer and a 242,512-square-foot warehouse that is partially leased to Telamon Corporation with 130,841 square feet still available. Another recently built facility at AllPoints at Anson is an 18,000-square-foot building that is occupied by REGO-FIX. Browning/Duke Realty sold the company 4.69 acres in the park for the development of their US headquarters. The Browning/Duke Realty team also recently completed AllPoints at Anson 8A, a 708,304-square-foot speculative bulk distribution building, which can be divided for multiple tenants or expanded to more than 2 million square feet.
“Since nearly all of Browning/Duke Realty’s properties in the Indianapolis metro area are fully leased, we have limited options to offer potential tenants looking for available, high-quality warehouse space,” said Susemichel. “While our team is poised to deliver a state-of-the art, build-to-suit facility in a 9 or 10-month timeframe, there are some companies that have more immediate needs. We want to be positioned to accommodate those clients as well, so we elected to embark on a speculative project.”
“The town of Whitestown is pleased to welcome FCI, as well as all the companies that have recently moved into AllPoints at Anson,” said Dax Norton, Whitestown Town Manager. “AllPoints at Anson is an ideal location for businesses that want to be located on the route between Indianapolis and Chicago and need ready highway access. The benefits of the park, along with our business-friendly approach, have resulted in job opportunities and an improved economy for our residents.”
“Boone County continues to be a first choice of companies looking to relocate or expand their operations because of our strong workforce and quality of life,” said Molly Whitehead, Executive Director, Boone County Economic Development Corporation. “We are pleased to have FCI join the other businesses that have chosen Boone County and AllPoints at Anson for their operations, and look forward to welcoming other companies to this rapidly growing industrial hub.”
FCI’s new facility will be located on Perry-Worth Road next to Telamon’s recently completed build-to-suit facility and will front I-65. The building will include a prominent glass entry, 32′ clear height, 20 – 9′ x 10′ dock doors, two 12′ x 14′ drive-in doors, clerestory windows, a TPO energy-efficient roofing system and parking for 180 automobiles. A 15,000-square-foot office will be incorporated into the building, as well as 5,000 square feet of showroom space.
Ryan Baker of Cushman and Wakefield represented FCI in the transaction.
Parties interested in leasing and build-to-suit opportunities in AllPoints at Anson are invited to contact Duke Realty at 317.808.6000 or Browning Investments at 317.344.7300.
About Facility Concepts, Inc.
FCi is a privately owned manufacturer of commercial furniture, fixtures, and equipment in Indianapolis, IN. The company designs, engineers, and builds commercial furnishings, fixtures, and decor for the restaurant, hospitality, retail, entertainment, and education industries. With a strong emphasis on American manufacturing, FCI houses five vertically-integrated and state-of-the-art U.S. manufacturing facilities in Indianapolis, Fishers, and Peru, IN and Lake Wales, FL.
About Browning We forged our reputation by helping others establish theirs. Structuring complicated deals and never shying away from big projects have made us a mid-size commercial development, construction and management firm that overachieves. From distinctive skyline-changing towers and iconic headquarters to a diversified portfolio that includes market-leading industrial, mixed-use, healthcare, life science and higher education projects, we’ve been breaking new ground since 1977. To learn more, visit: www.browninginvestments.com.
About Duke Realty
Duke Realty Corporation owns and operates approximately 139 million rentable square feet of bulk distribution and medical office real estate in 21 major U.S. metropolitan areas. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. 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.