gfxdave99 Posted January 12, 2007 Share Posted January 12, 2007 http://www.globest.com/news/821_821/indianapolis/152086-1.html Subaru Leases 282,000 SF NW of Indianapolis By Danielle Anderson WHITESTOWN, IN- Subaru of America Inc. has leased 282,000 sf of a recently developed 501,000-sf distribution facility in this northwest suburb of Indianapolis. The company, which has a manufacturing plant in nearby Lafayette, will use the location as both a regional parts distribution center and a repackaging center. Subaru’s outpost should be operational by April 1, according to landlord ProLogis. Dan Meador, ProLogis vice president and Indianapolis market officer, says several factors made the building a viable option for Subaru. The configuration was a good match for the company’s needs, and the building also provides future expansion opportunities and visibility from Interstate 65, he says. “It offers tremendous value from a branding perspective.” Located at 5300 Performance Way, the 501,000-sf facility is owned through a joint venture of ProLogis and Browning Investments. It was completed at the beginning of March 2006 and is expandable by 500,000 sf. ProLogis continues to market the balance of the 501,000-sf facility to potential users. Financial terms of the Subaru deal were not released, but the asking rate for the facility is $3.25 per sf, Meador says. There are no immediate expansion plans for the facility, Meador says, adding that the potential 500,000 sf will be used to accommodate tenant growth. One of the largest providers of industrial space in Indianapolis, ProLogis currently has more than 11.2 million sf owned, managed or under development in the market. Although the company does not currently have anything under construction here, Meador says ProLogis and Browning have plans to deliver a 947,333-sf spec building in AirTech Park in Plainfield this summer. On Jan. 1, Ozburn-Hessey Logistics, a third-party logistics provider, took occupancy of an 812,000-sf distribution facility in AirTech Park. That facility also was developed by the ProLogis and Browning JV. If everything seems under control, you're just not going fast enough. - Mario Andretti Link to comment Share on other sites More sharing options...
BrownBoy Posted January 13, 2007 Share Posted January 13, 2007 Maybe they will start carrying crazy nice parts like in the JDM? Link to comment Share on other sites More sharing options...
D0WNxSH1FT Posted January 13, 2007 Share Posted January 13, 2007 My guess... Since the 07 Camry is being built at the Indiana plant they are placing parts distributors close by. That is the Toyota "Just-in-time" supply chain. It has been like that since the 70's. Link to comment Share on other sites More sharing options...
red beast Posted January 13, 2007 Share Posted January 13, 2007 WOW! subaru leases 282,00 Subaru Foresters NorthWest of Indianopolis? thats a lot of lesbians. Link to comment Share on other sites More sharing options...
SLegacy99 Posted January 13, 2007 Share Posted January 13, 2007 thats a lot of lesbians. Well they do account for 1 - 5% of the U.S. population. Link to comment Share on other sites More sharing options...
Sponge Posted January 22, 2007 Share Posted January 22, 2007 ^not in Indiana...LOL My vB Gallery Link to comment Share on other sites More sharing options...
SC GT Posted January 22, 2007 Share Posted January 22, 2007 Well they do account for 1 - 5% of the U.S. population. And 72% of all Subaru owners. Link to comment Share on other sites More sharing options...
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