On January 10, 2013, the Brownsburg Town Counsel unanimously approved Lauth’s request to rezone approximately 50 acres in the Northwest corner of its 400 acre master planned Eaglepoint Business Park. The 50 rezoned acres, combined with the adjacent 17 acres (previously zoned), will provide for a very efficient contiguous 67 acre parcel. Originally, Lauth had this land zoned for retail uses, but the Brownsburg retail market epicenter has shifted to the west side of town, leaving this area prime for continued industrial development.
Simultaneously with the approval from the Town of Brownsburg, Lauth introduced to them a two building plan for the rezoned parcel, highlighting over one million square feet of additional modern bulk space to the Eaglepoint Business Park.
Lauth has commenced with predevelopment and design activities, in order to receive permitting for a late June 2012 groundbreaking. Mike Jones, President of Lauth, stated “We are very excited with the positive support from the Town of Brownsburg for this project.” Lauth has developed 15 buildings totaling over 307,000 square feet since the park’s inception about 12 years ago. Significant transactions include John Force Racing, Prudhomme Racing, Vance & Hines, and LifeScience Logistics.
Lauth anticipates delivery of the Eagle Seven building by the end of Q1 2014.
In 2010, Eaglepoint Business Park was granted Foreign Trade Zone (FTZ) status on the park. “FTZs are federally designated locations within the U.S. but are considered to be outside U.S. Customs Territory.” See the InZone website for further details on FTZs.