Wafra Inc., a New York-based alternative investment firm, announced the acquisition of Brownsburg Logistics Park Portfolio, a three-building industrial portfolio totaling 899,080 square feet in Brownsburg, Indiana.
Funds advised by Wafra are acquiring the assets from a venture between Scannell Properties, an Indianapolis real estate developer, and Manulife Investment Management, a part of Manulife Wealth & Asset Management. Completed in 2022 and 2023, the portfolio features seven tenants across diverse industries. The three buildings offer direct access to Interstate 74 and are located approximately 12 miles from Indianapolis International Airport.
“As the Indianapolis market continues to firm up, we are excited to add another high-quality portfolio of logistics assets to our existing holdings in the region,” said David Hamm, Senior Managing Director and Head of Traditional Real Estate at Wafra. Wafra is a global alternative investment manager with approximately $30 billion in assets under management across strategic partnerships, infrastructure, and real estate.
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