The assets, completed between 2022 and 2023, currently host seven tenants spanning various industries. Their strategic value lies in proximity, located just 12 miles from Indianapolis International Airport with direct access to Interstate 74. This acquisition follows a period of robust growth for the region, which recorded 4.9 million square feet of net absorption in the first quarter of 2026, according to CBRE research.
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Wafra Expands Indiana Footprint with Brownsburg Industrial Acquisition
Wafra Inc. has expanded its real estate footprint in the Midwest by acquiring the Brownsburg Logistics Park, a three-building industrial complex in Indiana. The firm purchased the 899,080-square-foot portfolio from a joint venture between Scannell Properties and Manulife Investment Management, further cementing its presence in the Indianapolis industrial corridor.
David Hamm, Senior Managing Director and Head of Traditional Real Estate at Wafra, noted that the firm is building upon its existing holdings in the area as the Indianapolis market continues to stabilize and strengthen. Wafra, a New York-based investment manager with approximately $30 billion in assets under management, maintains a long-term strategy of securing high-quality logistics infrastructure to bolster its global real estate portfolio.
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