Scannell Properties
Scannell Properties is a privately owned, Indianapolis-headquartered commercial real estate developer executing build-to-suit and speculative industrial, office, and multifamily projects for enterprise clients across North America and Europe, with over 140 million SF developed since 1990.
- Company typePrivate
- Founded1990
- HeadquartersIndianapolis, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Scannell Properties does
Scannell Properties is a privately owned commercial real estate development firm headquartered in Indianapolis, Indiana, founded in 1990 by Robert Scannell (and co-founder Doug Snyder). The firm executes build-to-suit and speculative development across three product types — industrial (warehouses, distribution centers, logistics parks, cold storage), office, and multifamily (luxury apartments and student housing) — for enterprise clients. Since founding, the company reports developing more than 140 million square feet with an annual development volume exceeding $5 billion across North America and Europe (operations in the US, Canada, Germany, France, Italy, Spain, and the UK).
The core technology of the business is conventional commercial real estate development: site selection, land acquisition, permitting, design, construction management, and disposition or leasing. The firm emphasizes sustainability credentials, with named projects certified under LEED (Silver at Speedway III for Porsche), BREEAM Outstanding (Logistics Park Banyeres for Action in Spain — one of only three Spanish warehouses at that rating), and DGNB Gold (Steinau an der Straße for Lactalis). There is no proprietary technology platform, software product, or AI component — the offering is execution capability, capital, and developer relationships.
Revenue is generated through three streams: development fees earned on build-to-suit and speculative projects, gains on sale of completed speculative properties, and ongoing rental income from properties retained in portfolio or leased to tenants. Distribution is direct enterprise sales through regional development teams; the firm does not advertise pricing publicly and contracts are quote-based. Go-to-market is project-based rather than subscription-based, so revenue lumpy and tied to the development pipeline. Customer base is highly diversified by industry (automotive, publishing, food distribution, logistics/3PL, retail, e-mobility, life sciences, aerospace) but each engagement is a single large transaction rather than recurring software revenue. The firm operates wholly-owned subsidiary Scannell Properties Europe and pursues joint ventures with institutional capital partners including Invesco Real Estate, Royal London Asset Management Property, and EQT Real Estate.
Scannell Properties firmographics
Firmographics- Name
- Scannell Properties
- Legal name
- Scannell Properties
- Website
- https://scannellproperties.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Scannell Properties is a privately owned, Indianapolis-headquartered commercial real estate developer executing build-to-suit and speculative industrial, office, and multifamily projects for enterprise clients across North America and Europe, with over 140 million SF developed since 1990.
- Ownership category
- akta.pro rank
Scannell Properties industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Offices of Real Estate Agents and Brokers (531210), Other Investment Pools and Funds (5259)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)
- akta.pro secondary industry
- Commercial Real Estate Asset Management (BPAJAMAB)
Keywords
Where Scannell Properties is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Scannell Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Development Fees: Fees earned from developing build-to-suit and speculative commercial real estate projects for clients.
- Property Sales: Revenue from selling developed properties to clients or investors after completion.
- Property Leasing: Ongoing rental income from properties held in portfolio or leased to tenants.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Scannell Properties product offering
Product offeringCore offering
Scannell Properties is a privately owned commercial real estate development firm that delivers build-to-suit and speculative development projects for industrial, office, and multifamily markets. Since 1990, the company has developed more than 140 million square feet with an annual development volume exceeding $5 billion, operating regional development teams across North America and Europe.
Product overview
Scannell Properties is a privately owned, international commercial real estate development firm offering build-to-suit and speculative development services across three core property types: industrial (warehouses, distribution centers, logistics parks), multifamily (luxury apartments, student housing), and office properties. The company's named development portfolio includes major projects such as Ridgeway Logistics Park in Georgia (335 acres adjacent to Hyundai), Speedway III Industrial Park in Texas (featuring Porsche Cars North America), Sylo Apartments luxury community in Indiana, HarperCollins' 1.6 million SF Indiana logistics facility, Logistics Park Banyeres in Spain (BREEAM Outstanding certified for Action), and LogistikPark Diemelstadt in Germany. With operations spanning North America and Europe, the company has developed more than 140 million square feet since 1990 with an annual development volume exceeding $5 billion.
Differentiator
Problem solved
Functional benefit
Products and services
- Build-to-Suit Development
- Speculative Development
- Industrial Properties
- Multifamily Properties
- Office Properties
Quantifiable outcome
- 140+ million SF developed since 1990
- +2 more outcomes
Companies that use Scannell Properties
Customer profileNamed customers21 records
Segments3 records
Ideal customer profiles3 records
Scannell Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Scannell Properties partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered major, core, strategic and supporting.
- DCI GroupmajorJoint venture for Replay Iowa City student housing development on University of Iowa campus. Development completed December 2025.
- IterconcoreGeneral contractor appointed for 60,800 sq m BREEAM Outstanding build-to-suit logistics centre for Action in Tarragona, Spain.
- LactalismajorWorld's leading dairy company for whom ID Logistics operates a 36,700 sq m build-to-suit refrigerated warehouse developed by Scannell in Steinau an der Straße, Germany.
- Ampere (Renault Group)strategicMinth Electricity Technology is a joint venture between Ampere and others - Scannell transferred 22,852 sq m site in Lillers, France to Minth for e-mobility operations.
- Pittman PartnersmajorCollaborative development partnership for Sylo Apartments in Zionsville, IN - first phase of 48-acre mixed-use development 'The Farm' combining dining, retail, office spaces, and luxury apartments.
- J.C. Hart CompanycoreProperty management operator for Sylo Apartments community.
- CSXcoreRailPort Logistics Mobile is a 500+ acre, 4.7 million SF industrial park development in Mobile, AL adjacent to CSX transportation infrastructure. Partnership with local and state leaders including Alabama Governor Kay Ivey.
- Alabama Governor Kay IveysupportingState leadership partnership for RailPort Logistics Mobile industrial park development with groundbreaking attended by Governor Ivey.
- University of IowacoreReplay Iowa City student apartment community developed on campus of University of Iowa.
- ID Logistics GroupmajorID Logistics operates multiple build-to-suit distribution centers developed by Scannell including 68,000 sq m at LogistikPark Diemelstadt and 36,700 sq m for Lactalis in Steinau an der Straße, Germany.
Scale indicators4 records
Recent moves8 records
Expansion highlights6 records
Scannell Properties competitors and assessment
Company assessmentDirect peers
- Panattoni Development Company: One of the largest privately-held industrial real estate developers in the world, with operations across North America and Europe. Directly comparable to Scannell in build-to-suit and speculative logistics/industrial delivery for enterprise tenants.
- Hillwood Development Company: Privately-held industrial and commercial developer (Ross Perot Jr.) focused on build-to-suit and master-planned logistics parks across the U.S. Mirrors Scannell's enterprise-driven BTS model and large-acreage park strategy.
- Dermody Properties: Privately-held industrial/logistics developer specializing in build-to-suit and speculative distribution centers across the U.S. Closely comparable in product type (BTS warehouses and logistics parks) and customer base to Scannell.
- Becknell Industrial: U.S. privately-held industrial developer focused on build-to-suit and speculative distribution, manufacturing, and warehouse facilities. Comparable scale and BTS execution model to Scannell.
- Bridge Industrial: Privately-held industrial real estate operator focused on Class-A logistics development across the U.S. Directly comparable on speculative and BTS industrial product targeting institutional capital partners.
- IDI Logistics: Privately-held industrial real estate developer with significant BTS and speculative activity across the U.S., often in joint ventures. Comparable product offering and tenant profile to Scannell.
Broad incumbents
- Prologis: The world's largest logistics REIT with a global portfolio and significant BTS / speculative development capability. Overlaps with Scannell on industrial product and tenant base but at vastly larger scale and with a public/institutional balance sheet.
- GLP / GLP Capital Partners: Global logistics real estate operator with major development operations in Europe, the U.S., and Asia. Competes with Scannell for build-to-suit industrial mandates in Europe and is a major incumbent in the same product category.
- Trammell Crow Company: Large diversified U.S. commercial real estate developer (CBRE affiliate) with active industrial/logistics and office development. Overlaps with Scannell on industrial BTS and master-planned logistics parks.
Regional players
- Garbe Industrial Real Estate: Germany-headquartered logistics/industrial developer with strong German and European presence. Directly comparable to Scannell's German LogistikPark Diemelstadt and Steinau an der Straße build-to-suit activities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Scannell Properties social profiles
Digital presenceScannell Properties compliance and trust
Trust signalCompliance5 records
Scannell Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Scannell Properties leadership team
Management profileNumber of profiles
Profiles16 records
Scannell Properties subsidiaries and ownership
Company hierarchySubsidiaries1 record
Scannell Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Scannell Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Scannell Properties
What does Scannell Properties do?
Scannell Properties is a privately owned commercial real estate development firm that delivers build-to-suit and speculative development projects for industrial, office, and multifamily markets. Since 1990, the company has developed more than 140 million square feet with an annual development volume exceeding $5 billion, operating regional development teams across North America and Europe.
Is Scannell Properties a public or private company?
Scannell Properties is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Scannell Properties founded?
Scannell Properties was founded in 1990. It employs 101 to 250 people.
Where is Scannell Properties based?
Scannell Properties is headquartered in Indianapolis, United States, in the North America region.
How does Scannell Properties make money?
Three revenue lines are on record. Development Fees are the primary driver. The others are property Sales and property Leasing.
Who are Scannell Properties's main competitors?
Direct peers on record are Panattoni Development Company, Hillwood Development Company, Dermody Properties, Becknell Industrial, Bridge Industrial and IDI Logistics. Broad incumbents are Prologis, GLP / GLP Capital Partners and Trammell Crow Company. Garbe Industrial Real Estate is listed as a regional player.
Does Scannell Properties have an API?
No public API is recorded for Scannell Properties.
What industry is Scannell Properties in?
Scannell Properties's product category is Commercial Real Estate Development. Its primary akta.pro industry code is BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization), with a secondary code of BPAJAMAB, Commercial Real Estate Asset Management. Its NAICS code is 531210 and its SIC code is 6532.