Katie Wilkins – Ambrose

Advancement of key team members demonstrates the firm’s depth of excellence and capabilities in industrial real estate investment and development

INDIANAPOLIS – Ambrose, a vertically integrated real estate investment manager that specializes in acquiring, developing and operating modern industrial, logistics and e-commerce real estate, today announced the promotion of three key team members. These elevations demonstrate the firm’s ongoing commitment to cultivating industry-leading talent and delivering superior outcomes for its occupiers, business partners and investors.

“The exceptional achievements of each one of these team members during their tenure here reflects the caliber and depth of talent that drives Ambrose’s success,” said Ambrose President and Chief Investment Officer Jason Sturman. “As our platform continues to expand and scale, the hands-on expertise of our team and the empowerment of their continued professional growth gives us an optimal position to navigate evolving market dynamics while maintaining our commitment to excellence, innovation and positive outcomes for our clients and investors.”

The following Ambrose team members have been promoted:

Todd Justus has been promoted to Senior Development Manager. A key contributor to the build-to-suit team for more than four years, Justus has executed hundreds of millions of dollars in development volume across fee and capitalized structures for national clients including Amazon, Siemens and PL Cold. Known for his exceptional technical expertise and unwavering commitment to quality, Justus will continue driving Ambrose’s growth in the build-to-suit sector in this elevated role.

Dan Kmiecik has been promoted to Senior Development Manager. During his four years on Ambrose’s development team, Kmiecik has played a pivotal role in expanding the firm’s presence in the Florida and Denver markets. He also supports national build-to-suit clients, bringing grit and persistence to every project — efforts that earned him Ambrose’s internal award for determination. In his expanded role, Kmiecik will apply his development expertise to leading complex projects within Ambrose’s build-to-suit operations.

David Dunbar has been promoted to Market Officer. Since joining the firm more than two years ago, Dunbar has been a vital member of the deployment team, strengthening Ambrose’s presence throughout the Midwest and Denver regions through strategic relationship building and business development efforts. He also supports leasing initiatives in key markets, leveraging his extensive network. In his new role, Dunbar will broaden his focus across the greater Midwest, leading pipeline expansion and leasing execution.

The fundraising landscape for industrial and logistics strategies is entering a new phase as capital markets begin to normalize and investor confidence gradually returns. While the secto…

Some in the industry see little impact from the decision, while others lament the heightened market uncertainty

Major grant from state to help development get started on 13-building business park near Pittsburgh International Airport.

The firm deployed equity out of its Ambrose Fund IV, which closed abouta year ago and is its largest fund to date.

INDIANAPOLIS – Ambrose,a vertically integrated real estate investment manager that specializes in acquiring, developing and operating modern industrial, logistics and e-commerce real estate, today announced the acquisition of four industrial assets across the Midwest totaling over one million square feet at a purchase price of just over $102 million. The properties comprise a variety of modern industrial facilities

Ambrose acquired three fully leased industrial facilities via an off-market deal from Artemis Real Estate Partners located in the key regional markets of Columbus, OH; Indianapolis, IN and Greater Louisville, KY. Ambrose also acquired a temperature-controlled foodservice facility in Whitestown, IN from an Italian and specialty foods distributor. The facility is fully occupied under a long-term lease.

Ambrose Senior Vice President of Investments Pat Walsh said, “These assets offered a compelling opportunity to acquire industrial properties well below replacement cost within core submarkets that feature strong economic fundamentals, high user demand and limited supply. The significant mark-to-market opportunities, coupled with our in-house asset management team’s expertise, capability, and customer relationships, provide us with an effective investment strategy to realize long-term investor value and regional portfolio expansion in some of the most sought-after logistics markets in the Midwest.”

The assets acquired include:

2588 Jannetides Blvd., a 512,000 SF cross-dock distribution facility that includes a 27.5-acre industrial outdoor storage yard. The property is partially occupied by Wesco with 287,500 SF available to lease in July 2026. The building features 32-foot clear heights, LED lighting and an ESFR sprinkler system. The property is strategically located directly along I-70 in the East submarket of Indianapolis with proximity to I-70, I-465, I-69 and I-74.

200 Trey Street, a 256,500 SF modern rear-load distribution facility, situated within the River Ridge Commerce Center in Jeffersonville, IN, part of the Greater Louisville industrial market. The location benefits from an on-campus rail yard operated by OmniTRAX, proximity to I-65, and convenient connectivity to the Port of Indiana–Jeffersonville and the UPS WorldPort. The building features 32-foot clear heights, dock-high and grade-level doors, LED lighting, and an ESFR sprinkler system. The property is fully leased to Niagara Bottling, a leading, family-owned beverage company, with over 50 bottling plants located across the U.S. and Mexico.

6770 Shook Road, a 201,600 SF modern rear-load distribution facility located in the prominent Southeast industrial submarket of Columbus that features 32-foot clear heights, dock-high and grade-level doors, LED lighting, and an ESFR sprinkler system, as well as an additional 1.6-acre lot for trailer/van parking. The property is fully leased to Kroger and Component Hardware and is ideally located with convenient access to I-70, I-270 and I-71, and within one mile of the Rickenbacker International Airport in Columbus.

5000 Anson Boulevard, a modern 151,306 SF cold storage building that features state-of-the-art temperature-controlled spaces, a test kitchen, cheese processing areas, and Class A office space. The building is located along I-65 in the Northwest submarket of Indianapolis, with direct interstate access via a new diamond interchange. It is situtated adjacent to Ambrose’s existing Indianapolis Logistics Park – Northwest, a four-building modern industrial park occupied by Cardinal Health, Safavieh, Royal Interpack and KattSafe.

Ambrose President and Chief Investment Officer Jason Sturman added, “Our investment strategy is guided by diligence, patience in execution and a keen sense of market timing. Our team, armed with boots-on-the-ground knowledge and a track record of successful market analysis, was able to effectively evaluate the extensive pipeline available to us and identified these assets as best aligned with our investment thesis and well-positioned to maximize risk-adjusted returns on investors’ capital.”

The four buildings expand Ambrose’s existing Midwest portfolio of 13 buildings and additional sites across the Indianapolis, Cincinnati, Columbus, Toledo and Pittsburgh markets. The firm also maintains assets in the Mountain and Southeast regions, plus a land pipeline of 2,000 acres across the United States representing over 20 million developable square feet.

A subsidiary of Advance Auto Parts Inc. (NYSE: AAP) has signed a lease for 178,027 square feet of industrial space northeast of Denver.

Building II of Ambrose’s recently acquired Ascent Commerce Center now fully occupied

DENVER – Ambrose, a vertically integrated real estate investment manager that specializes in acquiring, developing and operating modern industrial, logistics and e-commerce real estate, today announced that Advance Stores, Inc., a subsidiary of Advance Auto Parts, Inc. (NYSE: AAP), has leased 178,027 square feet of space in Building II of the Ascent Commerce Center, a 33-acre industrial park located in Commerce City, CO, a northeast suburb of Denver. The seven-year lease brings Building II to full occupancy.

Acquired by Ambrose in 2024, Ascent Commerce Center is a state-of-the-art, multi-tenant industrial development comprised of three Class A industrial buildings. Building II, a 313,080-square-foot cross-dock facility, features 36-foot clear heights, seven-inch reinforced concrete floor slabs, dock-high and grade-level doors, automotive and trailer parking and an ESFR sprinkler system. Ideally configured for bulk and local/regional distribution, the park is strategically located close to I-70, I-225 and the E-470 interchange, offering convenient and swift access to Downtown Denver and the Denver International Airport, just a few minutes’ drive from the property.

Ambrose Senior Vice President Pat Walsh said, “The successful lease-up of Building II reflects the consistent demand for modern industrial facilities by large occupiers undertaking rapid advancements and evolutions in their global supply chain strategies. We look forward to providing further value to Advance Stores to ensure that the property is positioned to fully accommodate their retail operational and distribution needs within the greater Denver market.”

Space remains available within the park. Building I has 43,350 square feet available, including a 1,858-square-foot office, while Building III has 101,168 square feet available, including a 2,600-square-foot office.

Ambrose was represented by Drew McManus, Bryan Fry, and Ryan Searle of Cushman & Wakefield. Advance Stores was represented by Carm Hicks and Al Williams of JLL.

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.

Ambrose to expand Florida footprint with 97,000 SF facility on 6.25-acre site

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 105^th 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.