Site Preparation Under Way for Beverage Distribution Center In Indiana

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Researched by Industrial Info Resources (Sugar Land, Texas)--Central Indiana's largest beer and wine distributor, family-owned Monarch Beverage Company (Indianapolis) has started site preparation for its $45 million distribution center and headquarters in Lawrence, Indiana. The 500,000-square-foot facility will sit on 93 acres at 52nd Street and Pendleton Pike in Lawrence and will serve as a warehouse and the new headquarters to Monarch. The company anticipates completion of the new facility by mid-2009.

Before selecting Lawrence, the company had more than a dozen other sites under consideration. The new location will allow Monarch to consolidate four facilities and will provide room for future expansion.

Duke Realty Corporation (NYSE:DRE) (Indianapolis) will serve as the developer and will oversee construction. The facility will be owned by First Beverages (Los Angeles, California), the country's foremost real estate capital provider for beverage companies.

Industrial Info is currently tracking more than $500 million in active capital and maintenance expenditures in the Food and Beverage Industry in Indiana.

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