INDIANAPOLIS (March 8, 2017) – Browning Investments received top honors during the 9th Annual Indiana NAIOP Industry Awards Gala held Thursday, March 2, at the Conrad Hotel in downtown Indianapolis, IN. Browning was awarded 3 of the 6 real estate awards presented during the evening.
For the third time, Browning was named Developer of the Year, the most prestigious award given by Indiana NAIOP. This year, Browning shared the award with their joint venture partner Duke Realty. The award recognizes the developer who has provided an economic contribution to the community, positive impact to the surrounding development or community, and enjoys a strong reputation within the industry. Browning-Duke developed, built and sold over 157 acres for approximately 2.1 million square feet of industrial projects valued at over $108 million at AllPoints at Anson and AllPoints Midwest. Some of the most notable projects for the joint venture this year include Kohls.com (936,510 SF), Telamon (240,000 SF), DaimlerChrylser (283,500 SF), the Anson 8A speculative building (708,000 SF) and Wal-mart.com (65 acres). Occupants of these buildings will invest over $150 million in personal property and employ up to 1,500 employees.
“We are honored to be recognized by NAIOP again this year,” said John Hirschman, President of Browning. “Receiving these awards, voted on by our peers, is a testament to the dedication and commitment Browning makes to our customers, joint venture partners, financial partners, and our employees to deliver outstanding projects in our community.”
In addition to Developer of the Year, Browning was also awarded Best Retail/Mixed-Use Project and Best Industrial Project.
Browning’s retail mixed-use project in Broad Ripple, The Coil, won best in its class. The Coil includes a 33,500 SF Fresh Thyme Farmers Market, 151 luxury apartments/townhomes, and a 350 space parking garage. The project was developed and managed with partner Sheehan Development. The complex urban infill development included land assembly, complicated site design due to immediate proximity to the Broad Ripple Canal and the site constrained nature of the property. The project will activate the north side of the canal and will help increase daytime foot traffic fitting within the Envision Broad Ripple Plan.
Click here for more information on the Coil
Browning’s 293,423 SF industrial building developed for IU Health in AirTech Park, Plainfield, IN with joint venture partner Prologis, Inc. won Best Industrial Project. The state of the art facility will serve as the central supply center for IU Health’s 15 hospitals, 25 surgery centers, and 200 clinics. The facility construction is on an aggressive development and construction pace with the project starting in the Fall of 2016 and operational by first quarter 2017. The project includes on-site nature trail and activity/picnic area for the 110 IU Health full-time employees who will be working at this facility.
Click here for more information on the IU Health Integrated Distribution Center