Subaru growing into new Boone County distribution center

May 20, 2013
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Subaru of America plans to invest $18 million to build and equip a regional distribution center in Lebanon, potentially tripling the scope of its Boone County operations.

The automaker is expected to break ground this month on a 715,000-square-foot facility at Prologis Park Lebanon, a 56-acre undeveloped property east of Interstate 65. It could expand to 900,000 square feet if the company’s sales growth continues.

Subaru now has 80 employees in 300,000 square feet of leased space in Whitestown, said Bryan Brackemyre, executive director of the Boone County Economic Development Corp.

As many as 20 positions may be added at the new parts distribution center when construction is complete next spring.

The Lebanon City Council approved a 10-year property tax abatement for the project in February.

Earlier this month, Subaru of Indiana Automotive announced plans to spend at least $400 million to expand its manufacturing operation in Lafayette, adding 900 workers there over the next three years.
 
Subaru's U.S. sales have doubled in the past five years, to 357,600 in 2012. More than half of all Subarus sold in North America last year were built in Lafayette, according to the company.

The new distribution center will support the Lafayette manufacturing plant as well as Subaru retailers, said Gary Palanjian, Subaru of America’s vice president of parts and service.

“Subaru has been setting sales records for the past five years, and we are structuring our operations to reflect that,” Palanjian said in a news release.

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  • 20 jobs?
    I live across Indianapolis road from the plant it is nearly finished and so huge, I can't believe it's only going to have 20 positions available...I was really hoping for a career there just because of the convenience of being so close to home but it's not sounding too promising. Thank you for the detailed information maybe I'll put in for a position and hope for the best.

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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