The Lebanon park is just off Interstate 65 at the State Road 32exit. The new MSI property will have space for a possible 40,000square foot expansion, says Jay Archer, VP of leasing with Duke.The new facility will be a 200-foot deep build-to-suit, with24-foot clear heights, four dock-high doors and one drive-in door,as well as 6,500 square feet of office. Groundbreaking on the siteis scheduled for May 2009, with completion expected in December2009.


Archer tells that the Indianapolis industrial marketis still doing well, though the size of the new developments hasshrunk from five years ago. He says his firm's20-million-square-foot portfolio in the local market is about 96%occupied. "We've continued to have good distribution growth. Therewas a lot of building done in 2006 and early '07, but that slowedin '08, and we've been backfilling. We were seeing up to1.2-million-square-foot projects until late 2007, but the momentumthis year has been 100,000 square feet to 400,000 square feet,"Archer says.


The company has a few other projects going in the area,including a 553,000 square foot building going up at AllPointsMidwest in February 2009, and another 517,000 square foot buildingset for construction at AllPoints Anson, as well as a $38 million,300,000-square-foot facility going up for US Cold Storage Inc. hereat the Lebanon park, with a rail requirement opening up another 250buildable acres.

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