Ambrose announces updates to Indianapolis Logistics Park – Northwest
Recent developments include ribbon cutting, building completion and groundbreaking in Whitestown, Indiana industrial park
INDIANA – Ambrose is excited to share recent updates to the Indianapolis Logistics Park – Northwest (ILP-NW) in Whitestown, Indiana, marking significant milestones in the development of this state-of-the-art logistics hub.
Kattsafe North America officially moved into its new 93,871-square-foot headquarters in Building II. The company is a leading provider of innovative safety and security solutions, specializing in advanced technology to protect people, property, and assets. The company celebrated with a ribbon-cutting ceremony in March that was attended by representatives from Ambrose, the Indiana Economic Development Corporation and the Town of Whitestown.
The remainder of Building II reached completion in April of this year. The balance of the building – 145,568 square feet – was recently leased to a confidential user, and interior fit-out is currently underway.
Completion has also been achieved on Building III. The 233,000-square-foot building is available for lease with a minimum divisibility of 40,000 square feet. It includes a 2,970-square-foot office, visibility along I-65 and easy access to the Exit 131 diverging diamond interchange at CR 550 South, which was completed in June of 2023.
Given the amount of leasing activity within the park and broader northwest submarket, Ambrose broke ground speculatively on Building IV earlier this month. The 248,000-square-foot building is the last planned development within the park. It will be available for user move-in later this year with expected completion in December.
Construction continues on Building I, a 601,000-square-foot build-to-suit development for Safavieh, a global leader in premium home furnishings. Construction of the building began in September of 2024. Completion is anticipated for July of this year.
“We are proud to welcome Kattsafe North America to their new facilities and look forward to celebrating Safavieh’s upcoming move-in to the park,” said Ambrose Vice President of Development and Midwest Market Officer Stephen Lindley. “While there has been plenty of commentary about today’s industrial real estate market in Indiana, the activity we’re seeing at Indianapolis Logistics Park- Northwest demonstrates that demand is still strong for the right opportunities. Ambrose is proud to be among the few developers actively delivering projects and making deals happen despite current headwinds.”
Indianapolis Logistics Park – Northwest is located in Whitestown, Indiana, one of the state’s fastest-growing communities. The park is located directly off of I-65 and offers immediate access to the interstate via the Exit 131 diverging diamond interchange at CR 550 South.
The general contractor for all four buildings is Compass Commercial Construction Group. Design partners include Curran Architecture and Kimley-Horn. The Indianapolis office of CBRE is handling marketing and leasing for the park. Ambrose partnered with Horizon Bank on the construction loan for Buildings II through IV. Total investment in the park exceeds $120 million.