Work begins on $30M cold-storage warehouse in Anderson

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Construction is starting on a $30 million cold storage warehouse in Anderson that is expected to create 60 jobs by the end of next year and possibly 200 over the next decade.

A groundbreaking ceremony took place Wednesday with Anderson city officials and leaders of Fort Wayne-based Tippmann Group. The company's Interstate Warehousing subsidiary expects to have the 250,000-square-foot facility open next summer on Anderson's southwest side, near Interstate 69. The 77-acre property is in the Flagship Enterprise Center.

The company plans to increase the facility's size in the next 10 years to almost a million square feet and employ 200 people at the site, the Herald Bulletin of Anderson reported. Annual salaries for the first 60 jobs are expected to be about $56,000.

Interstate Warehouse said it will invest about $20 million in the property and another $10 million to equip it. The warehouse is expected to be completed in August.

The city of Anderson is providing a seven-year, 50 percent tax abatement on the real property and a seven-year, 60 percent abatement on the personal property,

Anderson officials offered the company discounted electrical rates, with a 20 percent reduction the first year and phasing out over five years.

Interstate Warehouse also operates facilities in Indianapolis, Franklin and five other locations around the United States.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In