BROWNING CONSTRUCTION TO BUILD TWO DISTRIBUTION FACILITIES

MT. COMFORT, IND. — Indianapolis-based Browning Investments, in a joint venture with New York-based Real Estate Capital Partners, has plans to break ground on two industrial facilities within the Axcess70 industrial park in Mt. Comfort. Situated on a 153-acre site adjacent to Interstate 70, Axcess70 will house more than 2 million square feet of bulk distribution space. Browning Construction Inc. will begin building two facilities this month, with completion expected for March 2009. The first 423,000-square-foot building will include 32-foot clear-height ceilings and T5 Fluorescent Lighting; the second 250,000-square-foot facility will include 28-foot clear-height ceilings and an ESFR sprinkler system. Browning Construction Inc. will also complete construction of a third facility, which will be expandable to 1.3 million square feet. The estimated cost of construction was not disclosed.