Scannell Properties

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.

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

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

• Commercial real estate development
• Build-to-suit development
• Industrial logistics properties
• Speculative development
• Multifamily development

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Development Fees: Fees earned from developing build-to-suit and speculative commercial real estate projects for clients.
2. Property Sales: Revenue from selling developed properties to clients or investors after completion.
3. 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

Core 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

Named customers21 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered major, core, strategic and supporting.

• DCI GroupmajorStrategic or Co-development Partner · 16 December 2025Joint venture for Replay Iowa City student housing development on University of Iowa campus. Development completed December 2025.
• IterconcoreImplementation/ SI/ Consulting Partner · 30 October 2025General contractor appointed for 60,800 sq m BREEAM Outstanding build-to-suit logistics centre for Action in Tarragona, Spain.
• LactalismajorChannel Partner/ Reseller/ Distributor · 19 September 2025World'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)strategicStrategic or Co-development Partner · 19 September 2025Minth 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 PartnersmajorStrategic or Co-development Partner · 20 May 2025Collaborative 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 CompanycoreOthers · 20 May 2025Property management operator for Sylo Apartments community.
• CSXcoreStrategic or Co-development Partner · 7 November 2024RailPort 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 IveysupportingOthers · 7 November 2024State leadership partnership for RailPort Logistics Mobile industrial park development with groundbreaking attended by Governor Ivey.
• University of IowacoreOthers · 26 September 2024Replay Iowa City student apartment community developed on campus of University of Iowa.
• ID Logistics GroupmajorChannel Partner/ Reseller/ Distributor · 1 July 2024ID 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

Direct 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

• LinkedInlinkedin.com/company/121188
• Xx.com/scannellnews

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scannell Properties