11/30/17 Herald Bulletin
ANDERSON — A Fort Wayne company is investing $30 million in the first phase of a cold storage facility in the Flagship Enterprise Center that will bring 60 jobs to the area by the end of 2018. Interstate Warehousing Inc., a Tippmann Group company, has bought 77 acres near the intersection of Layton Road and 73rd Street. The company broke ground on the facility Wednesday. The 250,000-square-foot facility expected to be completed by the end of August. The $30 million investment includes $20 million in real property and $10 million in personal property. Interstate Warehousing is expected to increase the size of the Anderson facility through additional phases that will eventually have one million square feet of cold storage and employ 200 people. The Franklin facility was expanded over 10 years to include 960,000 square feet of warehouse space and employs approximately 300 people. “We chose Anderson because it was a good strategic fit for our business,” said John Tippmann Jr., president of the Tippmann Group. “This new location will provide us with additional opportunities to expand our customer base and continue to grow our company.” Steve Tippmann, executive vice president of the Tippmann Group, said the Anderson facility is part of the phenomenal growth in the Indianapolis region. “We owe 80 acres next to our Franklin facility and that was an option,” he said. “When we saw this site, we fell in love with it.” Tippmann said the Anderson community has done a great job in running utilities to the area to encourage development. “This is a great site and the city and community did that by providing the infrastructure for development,” he said. “This is pad ready.” The city of Anderson is providing a seven-year, 50 percent tax abatement on the real property and a sevenyear, 60 percent abatement on the personal property, Anderson Mayor Thomas Broderick Jr. said.
“That was important to me,” Broderick said of the incentive package. “We wanted to encourage the investment but at the same time protect the tax base.” Interstate Warehousing will be eligible for lower electricity costs through a program being implemented by the Indiana Municipal Power Agency. The program, approved by the Anderson City Council earlier this year, is awaiting final approval by the Indiana Utility Regulatory Commission. Once approved, it will provide discounted electric rates for companies that meet certain requirements. Those requirements are if an existing company invests $1 million or increases its electrical usage demand by 1,000 kilowatt hours per month, it would be eligible for a discounted rate. The same discounted rate will apply for a new company locating in Anderson that makes a $1 million investment and uses 1,000 kilowatt hours per month. The discounted electric rate will be 20 percent the first year; 15 percent in the second year; 10 percent for the third and fourth years; and five percent in the fifth year. “The discounted electric rates were in the mix,” Tippmann said of the decision to locate in Anderson. “It’s a nice incentive and we used it on our calculations on rate of return for our investment.” Broderick said the company is expected to hire 60 people with an average salary of $56,000 per year. He said the annual payroll will be more than $3.2 million. The application process is expected to be on the city of Anderson’s website in the future. The company has agreed to provide two internships to Anderson High School students and one scholarship. “They looked at other locations before they came to Anderson,” Broderick said. “This is a good location for the company.” The Tippmann Group has its own construction company which will construct the facility. Broderick said Nestle is one of Interstate Warehousing customers. The facility will be a multi-temperature storage warehouse with about 30,000 pallet positions and state-ofthe- art equipment featuring some of the newest technology in the industry. Greg Winkler, executive director of the Anderson Economic Development Department, said all the needed utilities are in place for the development. The Tippmann Group and Interstate Warehousing is the sixth largest provider of cold storage in the nation and a top builder of cold storage facilities for other companies, he said Winkler said the city had been in negotiations to bring Interstate Warehousing to Anderson for about six months.
Interstate Warehousing currently has facilities in Franklin and Indianapolis, along with five other locations around the country.