Rockwell Automation Renews Lease at CBRE IM-Owned Property

Anson 8A. Image courtesy of Colliers

Rockwell Automation has renewed its lease for 369,449 square feet of industrial space at Anson 8A, a 708,367-square-foot building at the AllPoints at Anson industrial park in Whitestown, Ind.

Colliers arranged the deal on behalf of the landlord, CBRE Investment Management. The firm had acquired the 39.3-acre asset in Boone County for $43.1 million in November 2019, according to CommercialEdge data, in a three-building portfolio transaction encompassing 1.8 million square feet.

Anson 8A came online in 2016 in the 616-acre industrial park. Rockwell leased more than half of the facility in 2018 for a distribution center operated in partnership with Kuehne + Nagel. Colliers’s Jimmy Cohoat and Jason Speckman facilitated the lease renewal on behalf of CBRE IM.

Located north of Indianapolis at 4255 S. 500 E., the property offers access to the Interstate 65 logistics corridor via an on-ramp located 1 mile away. The industrial park is 9 miles from Interstate 74 and 20 miles from Indianapolis International Airport. One of the campus’ tenants is ITS Logistics, which leased a 600,000-square-foot facility at 4055 S. 500 E. property, or Anson 7A, in late 2022.

As of the end of May, Indianapolis had an industrial pipeline measuring some 12.5 million square feet, according to a recent CommercialEdge report. The metro had one of the nation’s lowest vacancy rates at 2.6 percent.