Groundbreaking for Ronald Reagan Logistics Center marks Brownsburg’s largest commercial development to date
November 3, 2021
Brownsburg, IN (November 2, 2021) Today the Town of Brownsburg, along with developer Scannell Properties and general contractor The Peterson Company, broke ground on the first phase of the Ronald Reagan Logistics Center @ I-74, a multi-facility logistics and distribution center development.
The first phase of this two-phase development includes four buildings totaling 1,411,800 SF and parking space for 298 trailers and 774 cars. Pepper Construction of Indiana is the general contractor for one of the buildings, to be complete by next fall. The Peterson Company is the general contractor for the other three buildings, one of which will be complete in June 2022, and the last two will be complete by next fall.
“Ronald Reagan Logistics Center is just the sort of development the Ronald Reagan Parkway was built to serve. We are so excited to welcome this development to Brownsburg and believe this park will be a catalyst for future industrial and commercial development for our community,” said Travis Tschaenn, Brownsburg Town Council president.
“Brownsburg is a perfect location for a logistics center like this. The huge growth of e-commerce is likely to continue, and consumers want to receive their products fast. From Brownsburg, goods can reach nearly 60% of the U.S. in one day,” said Shaun Cofer, development manager at Scannell Properties.
Phase two of the development will launch in the fall of 2022 and may include five facilities totaling more than 2.4 million SF along with several retail opportunities.
“We at Peterson are thrilled to be working with such a top-notch company like Scannell Properties in a forward-thinking community like Brownsburg. Both Scannell and Brownsburg have high standards, and Peterson will work diligently to uphold their vision for this up-and-coming development,” said Larry Siegler, chief operating officer for Peterson.
For more information, contact Andrew.Morris@cbre.com or Jared.Scaringe@cbre.com
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About the Town of Brownsburg
The Town of Brownsburg is a suburb of Indianapolis, Indiana located in Hendricks County. With more than 27,000 residents, the Town of Brownsburg is one of the fastest-growing communities in the state. Brownsburg has been recognized twice by CNN Money magazine for being among the nation's "Best Places to Live" for its low crime, a strong economy, affordable homes, and excellent schools.
About Scannell Properties
Scannell Properties is a privately held real estate development and investment company that focuses on build-to-suit and speculative development of industrial, office, and multifamily facilities throughout the U.S., Canada and Europe. Since its inception in 1990, Scannell Properties has completed over 450 development projects totaling 114 million SF. The value of all their projects is estimated at over $5 Billion. www.scannellproperties.com
About The Peterson Company
Peterson is a full-service construction, property maintenance, and tenant improvement company. What differentiates Peterson is our strong development/ownership background which compels us to treat every project and building like it is our own. This above all else sets Peterson apart. With concrete and steel, we build structures. With integrity and performance, we build relationships.
Pepper Indiana has provided construction management, general contracting and design-build services to Indiana for more than 25 years. Known for its expertise in healthcare, higher education, industrial, manufacturing, K-12 and hospitality construction, Pepper is a key contractor in the Indiana market. A family-owned and operated company, Pepper Construction was founded in 1927 and has offices in Illinois, Indiana, Ohio and Wisconsin.