03.12.2007 11:00:00
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Prime Distribution Services Plans 1.2 Million Square Foot Corporate Headquarters and Distribution Facility -- the First at AllPoints Midwest Development in Plainfield, Indiana
Prime Distribution Services, Inc. (PDS), a third-party logistics company
that provides warehousing, cross docking, packaging, and multi-vendor
freight consolidation, announced that it is consolidating and expanding
its Indianapolis operations into a 1.2 million-square foot building at
AllPoints Midwest, a joint venture development between Browning
Investments and Duke Realty Corporation (NYSE:DRE) in Plainfield, Ind.
PDS will move into Building 1, a 646,380-square foot industrial building
being developed by Browning/Duke LLC at AllPoints Midwest in March 2008,
from its current locations on the west side of Indianapolis. Building 1
is scheduled for completion in December 2007. A 554,040-square foot
expansion to Building 1 will be completed in October 2008.
With a total of 1.2 million square feet, it the largest lease in the
state this year and one of the largest lease transactions entered into
in Central Indiana.
"We welcome PDS as our first tenant at
AllPoints Midwest,” said Charlie Podell,
Senior Vice President of Duke’s Indiana
Industrial business. "Convenient access to the
CSX intermodal facility, I-70, and the Ronald Reagan Parkway make
AllPoints Midwest attractive to a distribution company such as PDS. We
certainly look forward to the continued growth of AllPoints Midwest and
the jobs and economic growth that will come.” "PDS’s move to
AllPoints Midwest is confirmation that our development will be a
powerful draw for businesses seeking the best location, interstate
access points, and site flexibility in Plainfield,”
said John Hirschman, Director of Real Estate Development at Browning
Investments. "It’s
very rewarding to have our vision for AllPoints Midwest becoming a
reality so quickly. We appreciate the hard work Plainfield officials and
staff have devoted to AllPoints Midwest – the
success of the project has depended on Plainfield’s
extension of the Ronald Reagan Parkway, which is currently nearing
completion.”
Duke and Browning officials also praised the Town of Plainfield,
Hendricks County, Hendricks County Economic Development Partnership, and
the Indiana Economic Development Corporation for their
cooperation and support in assisting PDS’s
expansion plans, as well as significant new infrastructure improvements
supporting AllPoints Midwest, including the extension of the Ronald
Reagan Parkway and other road and utility infrastructure projects.
The Indiana Economic Development Corporation offered PDS up to $225,000
in performance-based tax credits based upon the company’s
job creation plans. The City of Plainfield will provide the company with
property tax abatement. The Hendricks County Economic Development
Partnership and the Indy Partnership assisted in the effort.
PDS currently operates out of three buildings in the Indianapolis area,
including two near the Indianapolis International Airport and one on
Rockville Road. The new facility at AllPoints Midwest will allow them to
consolidate their operations in one building. The company currently
employs 188 people, with plans to add an additional 48 people within
three years.
"We are excited about the prospect of housing
all of our operations in one single state-of-the-art building,”
said Rex DeLay, Vice President of PDS. ”The
operating efficiencies and our ability to build new technology will
enable us to service our customers more efficiently, improve our
distribution capabilities, reduce costs, and enhance the satisfaction of
our employees.” "The Indianapolis region is building a
reputation as a logistics hub, and AllPoints Midwest will play an
important role in the growth of our TDL industry,”
said Gordon Hendry, Interim President and CEO of the Indy Partnership. "And
the Partnership is pleased to have assisted PDS expand its operations at
AllPoints Midwest.”
JRA Architecture, LLC was the architect for Building 1 and will serve as
the architect for the expansion. Mike Lubbers with NAI Olympia Partners,
Ltd. represented PDS. John Hirschman of Browning Investments and Jay
Archer of Duke Realty represented Browning/Duke LLC in the transaction.
AllPoints Midwest is being developed as one of the premier modern bulk
distribution parks in the Midwest. The park includes 920 acres of land
to be improved with more than 12.5 million square feet of modern bulk
distribution space. As Plainfield, Indiana’s
newest and largest modern bulk distribution park, AllPoints Midwest
offers unparalleled intermodal transportation opportunities and an
efficient and cost-effective alternative to overcrowded distribution
centers located in Chicago and other Midwestern markets. For more
information, visit: www.allpointsindiana.com About Prime Distribution Services
Founded in 1990, PDS is an industry leader in providing cost effective
national distribution programs that can assist vendors through
warehousing, cross docking, packaging, and multi-vendor freight
consolidation. PDS services include nationwide LTL consolidation
programs servicing some of the nation’s
largest retailers. The company’s headquarters
are in Indianapolis, with major distribution centers in Mesquite, Texas
and Stockton, Calif.
About Browning Investments
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 14 million square feet of space. To learn more,
visit: www.browninginvestments.com.
About Duke Realty Corporation
Duke Realty Corporation specializes in the ownership, construction,
development, leasing, and management of office, industrial, medical
office, and retail real estate. It is the largest publicly traded,
vertically integrated office/industrial real estate company in the
United States. The company owns, manages, or has under development more
than 129 million rentable square feet in 22 major U.S. cities. Duke,
which controls more than 7,600 acres of land for over 112 million square
feet of future development, also provides nationwide real estate
solutions through its national development division. Duke Realty
Corporation is publicly traded on the NYSE under the symbol DRE and was
recently added to the S&P MidCap 400 Index. To learn more, visit www.dukerealty.com.
About NAI Olympic Partners
NAI Olympia Partners is the premier commercial real estate brokerage
firm in the state of Indiana, committed to Indianapolis yet connected to
the world. NAI Olympia provides commercial real estate brokerage
services for Buyers, Sellers, Tenants, and Landlords, along with
providing strategic information and advisory consultation to
institutional owners, lenders, corporations, and individuals. With a
network of 375 NAI offices in 55 countries, its local and global
clientele have the opportunity to build on the power of its network, by
utilizing state-of-the-art technology, systematic real estate solutions,
and local knowledge.
To learn more, visit www.naiolympia.com.
Editor’s note: Please contact Duke
Corporate Communications for renderings of the building or site plans.
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