Indianapolis-based Ambrose will move forward with an industrial project in the Flagler Station area of Miami-Dade County after securing an $18.12 million construction loan.
Indianapolis-based Ambrose will move forward with an industrial project in the Flagler Station area of Miami-Dade County after securing an $18.12 million construction loan.
MIAMI – Ambrose, a vertically integrated real estate investment manager that specializes in acquiring, developing and operating modern industrial, logistics and e-commerce real estate, is pleased to announce the groundbreaking of Miami 105 Logistics at Flagler Station, a new industrial facility located at NW 105th Street in Miami. Upon completion, the modern facility will comprise 97,000 square feet, including 3,000 square feet of office space, across 6.25 acres. The project is expected to deliver in Q3 of 2026 and is ideally configured for last-mile and regional distribution and light and heavy manufacturing.
Miami 105 Logistics at Flagler Station will offer state-of-the-art industrial infrastructure, including 32-foot clear height, 33 dock positions, two drive-in doors, ESFR fire protection, expandable power service and flexibility to demise as low as 25,000 square feet to accommodate occupier requirements. Ambrose is currently pursuing LEED certification for the project.
“This investment further underscores Ambrose’s confidence in the strength and ongoing resilience of the Miami and broader South Florida industrial and logistics market,” said Ambrose Vice President of Development and Florida Market Officer Dave Loudenslager. “We see Miami 105 Logistics at Flagler Station as a compelling opportunity to invest in this highly competitive market, which continues to demonstrate sustained, robust demand. We look forward to leveraging our team’s deep expertise to deliver a best-in-class industrial facility that meets the needs of leading occupiers and strengthens South Florida’s supply chain infrastructure.”
Ideally located in central Miami-Dade County, the property is optimally positioned to serve not only the greater Miami MSA but also the broader Southeast Florida region via easy access to the Florida Turnpike. The property is also proximate to key freight and shipping hubs, including the Miami International Airport, America’s top airport for international air freight, and the Port of Miami.
The general contractor on the project is Rycon Construction. Design partners include civil engineering firm Kimley-Horn and architect Ware Malcomb. The locally based team of Cushman and Wakefield will handle marketing and leasing for the building. Ambrose has partnered with First Internet Bank on the construction loan.
Indianapolis’ industrial market posted steady performance through October, supported by ongoing development activity and a sharp rebound in investment sales.
South Florida’s industrial market softened this year, largely due to speculative construction that added vacant space to the market.
In the years following the COVID-19 pandemic, leading occupiers have been strategically rethinking their supply-chain operations in an effort to more effectively meet the sustained global demand for ecommerce products.
At I.CON Central in Columbus, Ohio, this week, Ashley Grigsby, managing director, capital markets, Transwestern, moderated a panel of experts who broke down what’s driving investment decisions, where capital is flowing, and how debt availability is shaping the landscape.
The firm developed the Class A industrial asset alongside its tenant, First Solar.
Facility expected to bring speedier delivery times to the Palouse region.
INDIANAPOLIS – Ambrose, a leading vertically integrated investment manager specializing in Class A industrial, logistics and e-commerce real estate, announced today the sale of a 554,000-square-foot, Class A distribution hub situated on more than 40 acres at 1250 Cooperage Way in Trinity, AL, located within the Greater Huntsville, AL region. The modern facility is fully occupied by First Solar, a U.S.-based photovoltaic solar technology and manufacturing company. The buyer is global investment bank Goldman Sachs (NYSE: GS).
Ambrose developed the asset, working closely with First Solar end-to-end throughout the design, construction and financing of the project. The state-of-the-art facility includes 40-foot clear heights, 40 docks, 80 auto parking spots, 36 trailer parking spots and truck courts with 150-foot depths. The facility houses machinery, raw materials and equipment for use in First Solar’s adjacent, recently completed manufacturing facility.
“This successful investment exit underscores the Ambrose team’s multidisciplinary capability in the development and strategic positioning of this asset to achieve an attractive outcome amid the current market environment,” said Ambrose Founder and CEO Aasif Bade. “This transaction is also indicative of the institutional market’s appetite for modern, high-quality Class A logistics facilities that meet the needs of today’s sophisticated, tech-forward tenants.”
First Solar, founded in 1999, is America’s leading photovoltaic solar technology and manufacturing company, and is the only U.S.-headquartered company among the world’s largest solar manufacturers. Importantly, the distribution hub is located less than one mile from First Solar’s newly opened $1.1B production facility, and it is part of an investment strategy that will scale First Solar’s manufacturing footprint in the U.S. to more than 10 GWDC (Gigawatt Direct Current) and generate over 700 new jobs in the Alabama market.
“At Ambrose, our build-to-suit philosophy is rooted in a spirit of hands-on collaboration and a relentless commitment to our clients’ visions,” said Scott Sanders, Senior Vice President, Deployment and National Build-to-Suit Officer at Ambrose. “We are proud to have played an impactful role in supporting their growth by delivering a real estate solution tailored to meet the needs of First Solar’s growing business today, while positioning it for continued evolution and advancement.”
Ambrose was represented in the transaction by the JLL Capital Markets team that included John Huguenard and Will McCormack.
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