JLL arranges the sale of a 1.1M-SF Subaru distribution facility in Whitestown

CHICAGO, Aug. 17, 2026 – JLL Capital Markets announced today the sale of Subaru at Park 267, a 1,119,056-square-foot Class A industrial distribution facility located at 5190 S. State Road 267 in Whitestown, Indiana.

JLL represented the seller, a joint venture between Prologis and Browning, in the transaction. LaSalle Investment Management acquired the asset.

The build-to-suit development was constructed by Browning’s construction division and completed in 2024. The facility is fully leased to Subaru of America Inc. and serves as the largest distribution center within its nine-facility national network. The property is strategically located 38.8 miles south of the tenant's manufacturing facility in Lafayette, its sole production location outside of Asia.

The property features 40-foot clear heights, 108 dock-high doors, four drive-in doors, cross-dock configuration with 135 feet of truck court depth and LEED Silver certification. The site includes 342 automobile parking spaces expandable to 474 spaces and 100 trailer parking spaces expandable to 240 spaces, positioned on 69.72 acres with full truck court circulation.

Located in the Boone County submarket of the Indianapolis metropolitan area, the facility provides immediate access to Interstate 65 and nearby Interstate 74, positioning tenants within a three-hour truck drive of major Midwest markets including Chicago, Indianapolis, Louisville, Columbus and Cincinnati. The property sits less than 40 minutes from Indianapolis International Airport, ranked as the eighth-largest cargo airport in the U.S. and home to the world's second-largest FedEx Express hub.

The Whitestown location benefits from a 10-mile radius population of 149,253 with a workforce exceeding 98,000 and draws from the broader Indianapolis metropolitan area's skilled labor pool.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director John Huguenard, Managing Director Ed Halaburt, Senior Director Ross Bratcher and Associate Cameron Chandra.

"Prologis and Browning delivered a best-in-class distribution facility that serves as a mission-critical component of the tenant's North American supply chain," Halaburt said. "The Indianapolis market's robust absorption trends and limited new supply have created a highly competitive environment for institutional-quality assets with long-term cash flows."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.

Browning Real Estate Partners is an Indianapolis-based, vertically integrated commercial real estate firm with nearly five decades of experience across Midwest markets. The firm partners with clients, capital partners, and brokerage teams to advance opportunities from site selection and development through construction, asset management, and disposition. Browning’s integrated platform supports efficient decision-making, greater execution certainty, and a consistent approach to creating and preserving value across the real estate lifecycle.  Learn more about Browning and its integrated real estate platform at browningrep.com.

LaSalle Investment Management, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. On a global basis, LaSalle manages US$86.9 billion of assets in private and public real estate equity and debt investments as of Q4 2025. LaSalle's client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a diverse range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.