CSX Select Site Designation Awarded to Duke Realty’s Lebanon Business Park
August 09 2016 - 12:21PM
CSX today announced that a portion of the Lebanon Business Park in
Lebanon, Indiana, has been designated a CSX Select Site.
Select Sites are development-ready properties along
the CSX network where standard land use issues and comprehensive
due diligence items have been previously addressed. These
properties are pre-positioned to meet manufacturers’ needs, which
significantly reduces the time required to construct facilities and
ultimately bring products to market.
“Since 2010 when we partnered with the City of
Lebanon and constructed a spur to bring rail service directly into
the park, we have been looking to strengthen our position as the
only master-planned business park in the area to offer rail
service,” said Mark Hosfeld, Vice President of Leasing and
Development for Duke Realty in Indiana.
“Thanks to CSX’s proactive approach to addressing
land use considerations and due diligence items, we’ll now be able
to reduce the time and risk involved in delivering additional
rail-served facilities in the park.”
The $4 million investment in the rail spur was made
a reality through a public-private partnership between the City of
Lebanon and Duke Realty.
“Lebanon Business Park’s designation as a CSX
Select Site further enhances the steps Duke Realty and the City of
Lebanon have taken over the years to make this a premier
rail-served development site,” said Mayor Matt Gentry.
“The CSX Site Select program allows Boone County to
compete globally and meet the needs of potential clients in a way
many business parks cannot,” said Molly Whitehead, Executive
Director of the Boone County Economic Development
Corporation. “This designation compliments the infrastructure
already in place and helps us take advantage of even more
opportunities.”
First developed in the late 1990s, the Lebanon
Business Park is located 25 miles northwest of downtown
Indianapolis near Interstate 65. The 1,250-acre masterplan has
grown to include nearly 8 million square feet of industrial,
manufacturing and distribution space in 17 buildings. The CSX
Select Site designation applies to 250 undeveloped acres in the
southwest portion of the park, which could be directly served by
rail.
“We are thrilled to add the Lebanon Business Park
site to CSX’s Select Site program. Direct rail service provides a
real competitive advantage to many businesses, and the combination
of site readiness and Boone County’s commitment to economic growth
are key factors in attracting new jobs and investment to the area,”
said Adam Hess, Industrial Development Director for CSX
Transportation.
CSX introduced the Select Site program in 2012 to
better serve new or existing customers on its network. CSX partners
with The Austin Company, a nationally-known site selection
consulting firm, to screen candidate sites and assist communities
with the application and certification process.
“When standing on the property, it feels like rural
Indiana. Yet, when looking on a map, the site is located in an
established industrial park in Greater Indianapolis,” said Jonathan
Gemmen, Director, The Austin Company.
To receive CSX Select Site designation, the
location must meet a rigorous list of criteria, including
infrastructure and utility availability, environmental reviews,
appropriate zoning and entitlement, rail serviceability, proximity
to highways or interstates, and other attributes. Once certified,
the sites are featured on a new user-friendly web portal that
includes press releases, promotional materials and direct marketing
to site selection professionals.
To learn more about CSX Select Sites online, visit
www.csxselectsites.com
About CSX
CSX, based in Jacksonville, Florida, is a premier
transportation company. It provides rail, intermodal and
rail-to-truck transload services and solutions to customers across
a broad array of markets, including energy, industrial,
construction, agricultural, and consumer products. For nearly 190
years, CSX has played a critical role in the nation’s economic
expansion and industrial development. Its network connects every
major metropolitan area in the eastern United States, where nearly
two-thirds of the nation’s population resides. It also links more
than 240 short-line railroads and more than 70 ocean, river and
lake ports with major population centers and farming towns alike.
More information about CSX Corporation and its subsidiaries is
available at www.csx.com. Like us on Facebook
(http://facebook.com/OfficialCSX) and follow us on Twitter
(http://twitter.com/CSX).
About Duke Realty
Duke Realty Corporation specializes in the
ownership, management and development of bulk distribution and
medical office real estate. The company owns and operates
approximately 137 million rentable square feet in 21 major U.S.
metropolitan areas. Duke Realty is publicly traded on the NYSE
under the symbol DRE and is listed on the S&P MidCap 400 Index.
More information about Duke Realty Corporation is available at
www.dukerealty.com. Duke Realty also can be followed on
Twitter, LinkedIn, Facebook and YouTube.
Rob Doolittle, CSX Transportation
(202) 626-4939
Rob_doolittle@csx.com
Helen McCarthy, Duke Realty
(317) 708.8010
helen.mccarthy@dukerealty.com
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