IBJNews

Lauth's Eaglepoint fattens up on racing teams

Back to TopCommentsE-mailPrintBookmark and Share

The proximity of Lauth Group Inc.’s mammoth Eaglepoint Business Park in Brownsburg to Lucas Oil Raceway is making it an attractive destination for several drag-racing teams.

David Powers Motorsports, John Force Racing, Don Prudhomme Racing and Vance & Hines together occupy roughly 320,000 square feet of space at the park. But Vance & Hines’ presence will become much larger following its announcement in July that it will add 105,800 square feet by constructing a third building.

Lauth, an Indianapolis developer, began acquiring land in 1998 for the 400-acre business park south of Interstate 74 and East 56th Street, and north of U.S. 136. Eaglepoint attracted its first racing tenant in 2002, helping Brownsburg become a haven for numerous National Hot Rod Association teams.

Some tenants, including Santa Fe Springs, Calif.-based Vance & Hines, have become so entrenched at the park that they’re now growing operations.

The manufacturer of after-market motorcycle tailpipes and drag-bike team owner is building a manufacturing and distribution facility at Eaglepoint.

The building is expected to be finished early next year and will be Vance & Hines’ third facility at the park. The company moved to the park in 2004 and occupied 18,000 square feet before expanding another 22,000 square feet in 2007. In 2009, the company added a second building, that one totaling 66,000 square feet.

The expansions have helped Vance & Hines grow its employee numbers in Brownsburg from 12 to 85.

Its Harley-Davidson race team and some of its manufacturing operations are at Eaglepoint. Moving the race team from California to Indiana has substantially cut time on the road, said Paul Langley, Vance & Hines’ senior vice president.

“If we were based in the Midwest, the race team would have 32 to 34 travel days less per year, which is significant,” he recalled as the motive for the move. “And obviously, one attraction is that [Eaglepoint is] just a few miles from Lucas Oil Raceway.”

The raceway is owned by the California-based NHRA and annually hosts the Mac Tools U.S. Nationals, the most prestigious race on its schedule, over Labor Day weekend.

Lauth didn’t develop Eaglepoint with the raceway in mind, but instead was attracted to the property because of its easy access to nearby interstates, the area’s strong work force and Brownsburg’s business-friendly climate, said Mike Jones, a partner and executive vice president with the developer.

Eaglepoint boasts 16 buildings consisting of 3.2 million square feet. About 100 of the 400 acres remain to be developed.

Non-racing tenants include Federal Express, Sur La Table, Guitar Center, Life Science Logistics, Snyder’s of Hanover and TJX Home Goods.

But its stable of racing teams are among the biggest and best-known in the industry. Besides Vance & Hines, they include David Powers Motorsports (40,000 square feet), Don Prudhomme Racing (48,000 square feet) and John Force Racing (127,000 square feet).

In addition, O’Reilly Auto Parts has a 565,000-square-foot distribution center there. The drag strip formerly was called O’Reilly Raceway Park.

Lauth’s Jones likened Eaglepoint to Gasoline Alley near Indianapolis Motor Speedway, where several IndyCar teams are based.

“It’s the nearest industrial park to Lucas Oil Raceway in Clermont,” he said. “That was really the attraction [for the teams].”

The migration of teams to Brownsburg started in 2001 when Prudhomme was searching for new digs for his team, which had split time between its home base in San Diego and a satellite shop in Indianapolis. He chose the Hendricks County town because of tax and utility incentives for small businesses.

Prudhomme has expanded into another building and Force now occupies three. Force began expanding in Brownsburg in 2004 and now has 55 of his 75 employees working there.

The success of Eaglepoint has prompted other developers to “hitch their wagon to the momentum” and promote space to racing-related companies, Jones said.

Drivers Kenny Bernstein and brothers Cruz and Tony Pedregon have shops adjacent to Eaglepoint.

And Bill Simpson, one of the biggest names in motorsports safety and former owner of Brownsburg-based Impact Racing, has built four buildings nearby and leases most of the space to motorsports tenants.

“Clearly, there’s been a herd mentality,” Jones said.

Brownsburg has invested more than $200 million in the area since 2003. The investment appears to have paid off, as more than 25 NHRA teams have their headquarters there.

Cinda Kelley, executive director of the Hendricks County Economic Development Partnership, said the cost of doing business in central Indiana is likely cheaper than California, where many were based.

And Kelley echoed Vance & Hines’ sentiments about location.

“We are in a day’s drive of 75 percent of all the racetracks in the nation,” she said. “When Vance & Hines added up all the time they spent on the road, Brownsburg can give them another month in the year.”
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

  2. Do you need finance to establish your business ? Are you interested in getting a loan at 3% from our private company? If so please Email: suntrust_oil@blumail.org

  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

  4. Good Day, Apply For A Loan I am Mr Fernadez Antonio, a private Loan lender and a cooperate financial for real estate and any kinds of business financing. I also offer Loans to individuals, Firms and cooperate bodies at 3% interest rate We offer any kind of loans. email us via fernadezloaninvest@outlook.com LOAN APPLICATION FORM First name:......................... Middle name:......................... Last name:........................................ Date of birth (yyyy-mm-dd):....................... Gender:........................................... Marital status:................................... Total Amount Needed............................... Loan Duration.................................... Address:.......................................... City:............................................. State/province:................................... Zip/postal code:.................................. Country:.......................................... Phone:............................................ Fax:.............................................. Mobile/cellular:.................................. Monthly Income.................................... Occupation:....................................... Best Regard, Mr Fernadez Antonio.

  5. i will love to share my testimony to you all the people in world i got married to my husband about 2 year ago we start having problems at home like we stop sleeping on the same bed,fighting about little things he always comes home late at night,drinking too much and sleeping with other women out side i have never love any man in my life except him. he is the father of my child and i don't want to loose him because we have worked so hard together to become what we are and have today .few month ago he now decided to live me and the kid,being a single mother can be hard sometimes and so i have nobody to turn to and i was heart broken.i called my mom and explain every thing to her,my mother told me about DR.okoro how he helped her solve the problem between her and my dad i was surprise about it because they have been without each other for three and a half years and it was like a miracle how they came back to each other. i was directed to DR. okoro on his email:okorospell@gmail.com and explain everything to him,so he promise me not to worry that he will cast a spell and make things come back to how we where so much in love again and that it was another female spirit that was controlling my husband he told me that my problem will be solved within two days if i believe i said OK So he cast a spell for me and after two days my love came back asking me to forgive him i Am so happy now. so that why i decided to share my experience with every body that have such problem contact Dr okoro the great spell caster on his email addresses spellcasterforlove@outlook.com

ADVERTISEMENT