Matt Borner joins Indianapolis-based industrial, logistics and e-commerce developer and investment manager

INDIANAPOLIS – Ambrose Property Group announced today that it has added Matt Borner as development manager.

As development manager, Borner will oversee the execution of development projects for Ambrose’s national build-to-suit team and speculative teams. Borner joins Ambrose from ARCO/Murray, bringing extensive experience in the construction of industrial and advanced manufacturing facilities. Prior to ARCO/Murray, he held roles at Ware Malcomb, AtkinsRéalis and Granoff Architects. Borner earned a Bachelor of Architecture from Syracuse University and is a licensed architect in the State of Colorado. He is accredited with the American Institute of Architects (AIA), a LEED Green Associate through the U.S. Green Building Council and a WELL Accredited Professional through the International WELL Building Institute. Borner will be based in the Denver market.

“We’re thrilled to have Matt join the Ambrose team,” said Senior Vice President of Development Pat Walsh. “He brings valuable experience that will support Ambrose’s speculative development in the mountain states, in addition to our national build-to-suit clients across various markets.”

Indianapolis-headquartered Ambrose Property Group has expanded its Denver footprint with the $61M acquisition of Ascent Commerce Center…

Investment manager purchases three-building Ascent Commerce Center in Airport Submarket

Ambrose Property Group announced today that it has purchased Ascent Commerce Center for $61,000,000.  The 33-acre industrial park is located at the intersection of 84th Avenue and Telluride Street in Commerce City. It is comprised of three state-of-the-art, modern industrial buildings, with a total of approximately 595,000 square feet. All buildings are partially occupied with space still available to lease.

Building I is 154,831 square feet and located on the west side of the park. Current users include La-Z-Boy and PCL Construction. There are 43,350 square feet available to lease within the building. Building II is 313,080 square feet, a cross-docked building in the center of the site.  McKesson currently leases 135,053 square feet in the north end of the building; 178,027 square feet is available for lease. Building III is 127,631 square feet and is located on the east side of the park. Lawless Group currently occupies 26,463 square feet on the south end of the building, leaving 101,068 on the north end, including a 2,600 square foot finished office space, available to lease for immediate occupancy.

“We are excited to expand Ambrose’s presence in the Denver market,” said Ambrose Senior Vice President of Development Pat Walsh. “The addition of Ascent Commerce Center to Ambrose’s existing Denver portfolio increases the best-in-class, real estate solutions we can offer our clients in a top U.S. market.”

Strategically situated just 6.6 miles west of Denver International Airport, construction of Ascent Commerce Center was completed in 2021.  The park offers easy access to Pena Boulevard and E470.

Cushman & Wakefield’s National Industrial Advisory Group – Mountain West represented the seller in brokering the sale of the property. Additionally, a Cushman & Wakefield Equity, Debt & Structured Finance (“EDSF”) team provided debt placement services to Ambrose. The Cushman & Wakefield Denver office will continue to represent the park as leasing agent and will also provide property management services.  Ambrose also partnered with First Merchants Bank on a construction loan for the acquisition.

Jackie Blankenship and Lexy Bowser join Indianapolis-based industrial, logistics and e-commerce developer and investment manager

INDIANAPOLIS – Ambrose Property Group announced today that it has added Jackie Blankenship as senior accounting manager and Lexy Bowser as executive assistant.

As senior accounting manager, Blankenship will provide oversight to monthly reporting and analysis at both the Fund level and property level. She will also lead the coordination of annual external audits and property level expense budgets, in addition to supporting fund administration activities. Blankenship joined Ambrose from Bradley Company where she had been client services accounting manager. She previously spent 16 years with Duke Realty (now Prologis) in various accounting roles. Blankenship holds a Bachelor of Science in accounting and finance from Indiana University Indianapolis.

“Jackie is a welcome addition to the accounting and finance team at Ambrose,” said Senior Vice President and Chief Financial Officer Stacey Anderson. “She brings a shared commitment to excellence, and her experience will further strengthen the accounting and investment management services that Ambrose provides to our investors and tenants.”

As executive assistant, Bowser will provide administrative support to members of Ambrose’s Executive Leadership Committee. Bowser previously spent nearly two years at Prologis, where she served as a real estate and customer service coordinator, in addition to three years with Duke Realty and four years at Weidner Apartment Homes. She holds a bachelor’s degree in general studies from Ball State University.

“We’re excited to have Lexy join Ambrose,” said Executive Vice President of Development Grant Goldman. “Our administrative associates play an important role in supporting the day-to-day operations at Ambrose, and we look forward to adding her experience to the team.”

Seattle-based retail giant Amazon.com has purchased a warehouse and land in Aurora near Denver International Airport for over…

Zach Imbus and Will Markowski join Indianapolis-based industrial, logistics and e-commerce developer and investment manager

INDIANAPOLIS – Ambrose Property Group announced today that it has added Zach Imbus as development manager and Will Markowski as development associate.

As development manager, Imbus will support front-end due diligence and predevelopment activities for Ambrose’s national build-to-suit team. Imbus comes to Ambrose from The Port of Greater Cincinnati Development Authority where he supported The Port’s industrial revitalization strategy. He also previously spent seven years with Civil & Environmental Consultants as a site development manager. Imbus holds a Bachelor of Science in civil engineering from The Ohio State University and a real estate graduate certificate from the University of Cincinnati Lindner College of Business and is a licensed Ohio Professional Engineer (PE). Imbus will join the team of Ambrose associates in the firm’s Cincinnati office.

As development associate, Markowski will support Ambrose’s national build-to-suit team with front-end predevelopment activities and execution of projects. Markowski is a graduate of Purdue University with completed internships at both Kimley-Horn and PCL Construction. He holds a Bachelor of Science in civil engineering. While at Purdue, Markowski founded the Special Olympics at Purdue University (SOCaP), which focused on the inclusion of those with intellectual disabilities through unified, intramural sports.

“We’re excited to have Zach and Will join the Ambrose team,” said Senior Vice President of Development and National Build-to-Suit Market Officer Scott Sanders. “Their addition will enable Ambrose to continue providing timely, innovative real estate solutions to our national build-to-suit clients.”

Walsh Construction has announced it has completed a new 80,000-gross-square-foot steel-framed warehouse for Amazon’s Last Mile Delivery program.

The United States Postal Service could consolidate some of its Indianapolis facilities into a new regional distribution hub opening later this year on the city’s east side.

Ambrose Property Group has started work on a project near Cincinnati/Northern Kentucky International Airport with an expected total investment to exceed $100 million.

Developer announces new 85-acre industrial, logistics and e-commerce park in Cincinnati Market

Ambrose Property Group announced today the new Cincinnati Logistics Park – Airport West (CLP-AW) in Burlington, Kentucky. Located west of the Cincinnati / Northern Kentucky International Airport (CVG) along Interstate 275 at the brand-new Graves Road interchange, the park is configured for bulk distribution and local and regional distribution. It will feature four Class A industrial buildings.

Development on Buildings I and II began earlier this month. Building I is 260,000 square feet and Building II is 246,000 square feet. Both buildings can be demised to accommodate tenant requirements as low as 40,000 square feet. They will be available for tenant fixturing in Q1 2025, with anticipated building completion in Q2 2025. Both buildings will seek LEED (Leadership in Energy and Environmental Design) certification through the U.S. Green Building Council.

“We are excited to continue expanding Ambrose’s portfolio in the Cincinnati market,” said Ambrose Vice President of Development and Midwest Market Officer Stephen Lindley. “Cincinnati Logistics Park – Airport West is a great opportunity for modern logistics users, offering easy access to three interstates by means of I-275 and close proximity to the 7th largest cargo airport in North America.”

Strategically situated in the heart of the Midwest, Cincinnati Logistics Park – Airport West offers immediate access to I-275 via the new interchange at Graves Road, from which building users can easily access Interstates 71, 74 and 75. The park is located just six miles west of the Cincinnati / Northern Kentucky International Airport, which is home to several freight and cargo companies, including DHL, FedEx and Amazon Air. The Amazon Air Hub at CVG covers more than 1,000 acres with 2.6 million square feet of facilities and up to 100 aircraft parking positions.

The general contractor for the buildings is Bristol General Contractors. Design partners are ATA Beilharz Architects and The Kleingers Group. The Colliers Cincinnati Industrial Team led by John Gartner will handle marketing and leasing for the park. Ambrose has partnered with JPMorganChase on the construction loan. Ambrose’s total investment in the development of Cincinnati Logistics Park – Airport West is expected to exceed $100 million.