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Subaru Leases 282,000 SF NW of Indianapolis

WHITESTOWN, IN-The outpost, which is expected to be operational by April 1, will serve as the company's Midwest parts distribution center.

By Danielle Anderson | Updated on January 11, 2007

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.

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