Indianapolis-based D-A Lubricant Co. announced on Wednesday it’s moving its near-west side operations to Lebanon Business Park.
The company, which provides lubricating products to the commercial industry, said it will purchase a 23-acre site and has selected park developer Duke Realty Corp. to construct a 225,000-square-foot industrial facility for its operations.
D-A Lubricant said it planned to create 10 jobs and invest $15 million in the project.
Duke said it would receive about $13.5 million from the project, including $2 million for the land.
After nearly an 18-month search, D-A Lubricant selected Lebanon Business Park largely due to the availability of nearby rail service, company Chairman and CEO Mike Protogere said in a prepared statement.
“Duke Realty offered us a first-class business park that meets our transportation requirements, as well as the ability to deliver a building that’s exactly suited to our needs,” he said.
The city of Lebanon approved a $1.5 million tax-increment financing bond issue for land acquisition and construction costs to be repaid within 11 years.
D-A Lubricant also received a $300,000 cash grant from the city to have a rail spur extended to the building and a 10-year property-tax abatement from Boone County valued at about $100,000.
D-A Lubricant, now located at 1340 W. 29th St., said it has outgrown its existing facility and is unable to expand due to land constraints. The company’s 50 employees will relocate to the new building.
The facility will include a 13,000-square-foot office, a blending and processing area, a technical lab, a rail door and 11 dock doors.
Construction is slated to begin in early spring and finish in December.
Founded in 1919, D-A Lubricant manufactures products ranging from heavy-duty engine oils and transmission fluids to extreme-pressure gear lubricants, greases and hydraulic fluids. The company has distribution facilities in six states.
With 4 million square feet of rentable space, Lebanon Business Park is ranked as the sixth-largest industrial park in the Indianapolis area.