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