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D-A Lubricant moving from Indianapolis to Lebanon

Scott Olson
January 5, 2011
Keywords
Boone County, Commercial Real Estate, Construction, Development/Redevelopment, Distribution & Logistics, Distribution centers, Duke Realty Corp., Economic Development, Government & Economic Development, Headquarters Relocations, Industrial Parks, Lebanon, Mixed-Use, Real Estate & Retail, Real Estate Investment Trust, Real estate deals, Transportation, Distribution & Logistics, Warehousing
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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.
 


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  • D-A clean up your mess
    AnnJune 10, 2011 6:15 PM
    The City needs to hold them accountable for the oil spill which occurred at that sites some years ago and was never remediated. This leaves the neighborhood with one more brownfield.
    Reply to CommentFlag Comment
  • Great Corporate Citizen Gone For Good
    frequent flyerFebruary 1, 2011 5:42 PM
    It's too bad the city couldn't sell them on the indianapolis location any better. Those are high-quality jobs marching off to a different county and did i see $15 million as the figure to be spent on the new building? Seems like the city doesn't want jobs and improvements letting this one go.
    Reply to CommentFlag Comment
  • Great Corporate Citizen Gone For Good
    frequent flyerFebruary 1, 2011 5:42 PM
    It's too bad the city couldn't sell them on the indianapolis location any better. Those are high-quality jobs marching off to a different county and did i see $15 million as the figure to be spent on the new building? Seems like the city doesn't want jobs and improvements letting this one go.
    Reply to CommentFlag Comment
  • Cleanup
    BobJanuary 5, 2011 5:19 PM
    Sorry to see them go... but didn't anyone else have an issue with their storage tanks being feet away from the source of 1/3rd of the city's drinking water? (yes, the open canal is our drinking water).

    Really, how bad would a major spill have been?!?
    Reply to CommentFlag Comment
  • Environmental Assessment
    PaulJanuary 5, 2011 2:18 PM
    What responsibility, if any, does D-A have with respect to any environmental issues that may remain at the site once they have re-loctaed to greener pastures?
    Reply to CommentFlag Comment
  • Not unexpected
    TomJanuary 5, 2011 1:42 PM
    D-A really outgrew their W.29th St. space years ago - and "landlocked" was invented to describe that location. Between the canal and Harding St., and from 29th down to Udell and Burton to the south... The real question will be whether someone redevelops the property, or allows it to deteriorate, like so many other former industrial/commercial sites in the area.
    Reply to CommentFlag Comment

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