Rail Designation to Drive Lebanon Park
With permission from InsideINdianaBusiness.com
The Lebanon Business Park in Lebanon, Indiana has cleared a key hurdle as it looks to spark further development efforts. The CSX Select Site designation suggests the park is pre-positioned to meet manufacturers' rail and logistics needs. The designation covers 250 undeveloped acres in the park that could be directly served by rail, which park leaders say will reduce the time needed to build facilities and bring products to market. CSX partnered with Lebanon beginning in 2010 on a $4 million rail spur at the park.
The Lebanon Business Park was first developed in the late 1990s. The 1,250-acre development has grown to include 17 buildings spanning nearly 8 million square feet of industrial, manufacturing and distribution space. It bills itself as the only rail-serviced business park in central Indiana.
Indianapolis-based Duke Realty Corp. (NYSE: DRE) Vice President of Leasing and Development Mark Hosfeld says the designation will allow the site to "reduce the time and risk involved in delivering additional rail-served facilities in the park."