BOSTON, Dec. 5, 2023 /PRNewswire/ - Manulife Investment Management has announced a $1.2 billion partnership with Scannell Properties and StepStone Real Estate, facilitating the recapitalization of 35 newly constructed Class A industrial assets spanning 10.4 million square feet across 17 markets within the United States. "We're pleased to partner with Scannell Properties given their extensive expertise as an industrial developer and their reliability and delivery of high-quality industrial assets," said Marc Feliciano, Global Head of Real Estate for Manulife Investment Management.