Partners – Browning Investments
Browning Investments, Inc. has been engaged in the acquisition, ownership, development, construction, leasing, management and disposition of investment real estate properties, since 1977. The company arranges project financing using equity capital from internal sources, private placements and joint venture relationships, along with mortgage financing from a variety of major institutions around the country, including banks, insurance companies and pension funds. Browning is comprised of a core group of experienced real estate professionals with extensive and varied experience in the commercial real estate industry. Browning Investments, Inc. is guided by an entrepreneurial ethic and has demonstrated the ability to respond quickly to the ever changing economic conditions with the ability to take advantage of opportunities, regardless of their complexity.
Throughout the 1980’s, Browning Investments, Inc. left their mark on the Indianapolis market by developing several high profile Class A office buildings. Browning pioneered the development of the North Meridian Corridor just north of Indianapolis with the creation of four major office parks, including Fidelity Plaza, Meridian Technology Center and Meridian Mark and Penn Mark Plaza. The company also had a significant influence on the growth of the Indianapolis downtown skyline including the development of several prominent office properties in the Central Business District of Indianapolis, including Capital Center, 300 North Meridian, Landmark Center, Gateway Plaza and Pan Am Plaza. To date, Browning Investments, Inc. has developed, constructed, leased and/or managed over 6.5 million square feet of office buildings.
A representative list of the company’s past and current office tenants includes Aces Power Marketing, AMAX Coal, American United Life, Ameritech, AT&T, Baker & Daniels, BKD, Business Furniture Corporation, Cinergy, Fifth Third Bank, GTE, Hewlett Packard Company, Huntington Banks, Katz, Sapper & Miller, KB Homes, Locke Reynolds, OfficeWorks, Morgan Stanley, NatCity Investments, Pearson Education, Prudential Securities, Siemens, Standard Management, Support Net and Suros Surgical. In addition, Browning Investments, Inc. has leased and managed significant projects for third parties including Ameritech, the City of Indianapolis, Katz & Korin, Lend Lease and Resorts Condominiums International.
Browning has also developed projects for third parties that resulted in several significant buildings in the Indianapolis area. These projects included the North and South American headquarters facility for Thomson Consumer Electronics (a subsidiary of Thomson RCA, S.A.), the Conseco Insurance headquarters, the health care facilities for Wishard Memorial Hospital, the headquarters for the National Collegiate Athletic Association and its Hall of Champions Museum, RCI Vacation Plaza and more recently, Aces Power Marketing, Associated Material Handling, BioConvergence, Fuller Engineering and Stanley Steemer.
Staying abreast of industry trends is a major ingredient of the success formula at Browning Investments, Inc. The adverse market conditions that prevailed in investment real estate in the early 1990’s prompted the company to redirect its efforts to the industrial market, where the company has since excelled to become one of the largest developers of large-scale, bulk distribution facilities in the Mid-West. In 2000, Browning Investments, Inc. developed the first building in the 500 acre Plainfield industrial park, known as AirTech Park. To date, the company has developed or redeveloped over 2,000 acres of distribution and modern warehouse space for customers such as Amazon.com, Inc. (NYSE: AMZN), MedcoHealth Solutions, Inc. (MHS; NYSE), Brightpoint Inc. (CELL; NYSE), Reebok, Belkin Components, Logisco/Pepsico, Inc. (PEP; NYSE), MD Logistics and J.C. Penney Company, Inc. (JCP; NYSE).
In addition to Browning’s current core competency of industrial warehouse development, the company has worked hard in the 2000’s to build up extensive experience in the specialized needs of the Life Science industry and has developed several projects in the central Indiana area. These projects require technically advanced solutions in order to meet their demanding requirements for lab space and cleanrooms. Browning clients include BioConvergence, Hologic, MedcoHealth Solutions, Inc. (MHS; NYSE) and in 2010 the company will complete an advanced lab facility for Dow AgroSciences and the global headquarters for Elanco Animal Health, a division of Eli Lilly and Company.