JV to Open 708 KSF IN Warehouse
- Nov 08, 2017
A joint venture between Duke Realty and Browning will open AllPoints Midwest 8, a 708,230-square-foot warehouse, marking the JV’s eight building in AllPoints Midwest, its industrial park in Plainfield, Ind. The state-of-the-art facility is 100 percent leased and scheduled for delivery in May 2018.
“We are pleased that we are able to meet our tenant’s needs with a new, first-class build-to-suit facility in a readily accessible location and deliver it in the time frame they need,” Mark Hosfeld, vice president of leasing and development of Duke Realty’s Indiana operations, said in a prepared statement. CBRE’s Terry Busch and Seth Kelly represented the tenant in the lease.
Room for more growth
The cross-loaded bulk distribution facility is expandable to 1,046,528 square feet as well as divisible at 338,580 square feet. The property’s features include:
- 36-foot clear height
- 72 dock doors equipped with levers, bumpers, seasls and lights
- two drive-in doors
- 128 car parking spaces
- 72 trailer parking spaces
Located on approximately 44 acres at the intersection of County Road 900/Smith Road and AllPoints Parkway, west of Ronald Reagan Parkway, AllPoints Midwest 8 offers convenient access to Interstate 70 and to CSX intermodal rail facility. Indianapolis International Airport and FedEx Hub are nearby.
Of AllPoints Midwest’s roughly 1,000 acres suitable for the development of more than 13.5 million square feet of space, Browning and Duke Realty have delivered seven buildings totaling more than 5.2 million square feet, all fully leased. More than 300 acres of land are still available for future development. Back in October, Duke Realty discussed plans to acquire an industrial portfolio consisting of 3.4 million square feet of properties and two soon-to-be-developed land parcels, from Bridge Development Partners LLC.
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