Dan Tamanko has been promoted to associate market officer

INDIANAPOLIS – Ambrose Property Group announced today that Dan Tamanko has been promoted to the position of associate market officer.

Dan Tamanko has been promoted to associate market officer. Tamanko joined Ambrose 2 ½ years ago as a development associate and was later promoted to developer manager. In his new role, Tamanko will focus on growing Ambrose’s national build-to-suit platform, including client outreach and strategic land positioning.

“Dan has been a tremendous asset for Ambrose, supporting land pipeline development for the our national build-to-suit team and assisting with capital markets efforts, “said Senior Vice President of Development and National Biuld-to-Suit Market Officer Scott Sanders. “Dan is an excellent ambassador for Ambrose and demonstrates each of our core values of determination, excellence, creativity and kindness both internally and externally.”

Tamanko has five years of industry experience. Prior to Ambrose, he spent two years working as a civil engineer for The Kelingers Group where he suported master planning, feasibility analysis and site design on industrial park projects. Tamanko holds a Bachelor of Science in civil engineering from the University of Cincinnati and is currently pursuing his MBA from the University of Cincinnati, Lindner College of Business.

A new logistics park is being constructed near the Orlando International Airport with plans for more than 453,000 square feet of available industrial space.

Indiana-based developer Ambrose Property Group broke ground in May on Orlando Logistics Park at Lee Vista, on Emerald Dunes north of the airport, in a joint venture with the Famlee Investment Co., the longtime owner of the land for the project.

Construction began on a 25-acre Class A industrial park comprised of two buildings in south Fort Myers, just south of Southwest Florida International Airport, officials from Ambrose Property Group said.

The biggest names in the Indianapolis-area commercial real estate market gathered at the city’s Columbia Club May 16 for Midwest Real Estate News’ Indianapolis Commercial Real Estate Summit and Awards ceremony.

Developer announces new projects in Orlando, Fort Myers and completion of modern, Class A warehouse in West Palm Beach

Ambrose Property Group announced plans today for two new industrial parks in Orlando and Fort Myers and the completion of a new warehouse in West Palm Beach to meet growing demand for industrial, logistics and e-commerce space across Central and South Florida.

Orlando Logistics Park at LeeVista is a 71-acre Class A industrial park located just north of the Orlando International Airport near the intersection of SR 528 and S. Goldenrod Road. Development began in early May on two of the three planned buildings. Building I will be 103,000 square feet and can be demised to accommodate tenant requirements as low as 25,000 square feet. Building II will be 350,000 square feet, targeting users that require 175,000 square feet or more for their operations. Both buildings will seek LEED (Leadership in Energy and Environmental Design) certification through the U.S. Green Building Council. They will be available for tenant fixturing in Q4 2024.

The general contractor for the buildings is ARCO Design/Build. Design partners are C4 Architecture and Kimley-Horn. The Orlando office of JLL will handle marketing and leasing for the park. Ambrose has partnered with Principal Asset Management on the construction loan. The combined initial investment in the project is estimated to be $78 million.

The location of Orlando Logistics Park at LeeVista offers users a logistical advantage through direct access across central and Southeast Florida via SR 528 and Florida’s Turnpike. Additionally, the nearby Orlando International Airport features several cargo lines, including DHL Aviation, FedEx and UPS, to support industrial, logistics, e-commerce, cold storage or light manufacturing operations. Ambrose is partnering with FamLee Investment Company on the development.

“We are excited to grow Ambrose’s Florida portfolio with Orlando Logistics Park at LeeVista,” said Ambrose Vice President of Development and Florida Market Officer Dave Loudenslager. “Central and South Florida offer ample opportunities as demand for logistics and e-commerce continues to be strong. This development represents Ambrose’s commitment to offering solutions that satisfy industry and supply chain needs throughout the state of Florida.”

Alico ITEC Logistics Park is a 25-acre Class A industrial park comprised of two state-of-the-art buildings located in Fort Myers just south of the Southwest Florida International airport off the I-75 Alico Road exit. Ambrose has partnered with South-Florida based Helms Development for development of the park. Construction began in April on the 195,000-square-foot Building I and 185,000-square-foot Building II. Both buildings will seek LEED certification and will be ready for tenant fixturing by Q1 2025. The buildings are designed for bulk distribution and local and regional distribution.

The general contractor is Hernandez Construction, the architect is HNM Architecture and Lee & Associates will handle marketing and leasing for the park. Ambrose has partnered with Wintrust Bank on the construction loan. The initial investment in the park is estimated to be $62 million. This is Ambrose’s second development with Helms Development. The two firms previously partnered together on Palm Beach Park of Commerce located in West Palm Beach.

“We look forward to continuing a successful partnership between Helms Development and Ambrose in the Ft. Myers market,” said Scott Helms, principal for Helms Development. “The park will provide quality Class A logistics properties in a Southwest market where there are extremely low vacancy rates and growing demand.”

Ambrose and Helms are also excited to announce the completion of the co-developed 246,000-square-foot Class A, modern warehouse at Palm Beach Park of Commerce. The building offers a 32’ clear height, 251 auto parking spaces, 71 trailer parking spaces, 54 docks and two drive-in doors. It is currently seeking LEED certification.

Located off Beeline Highway, the 17-acre site provides easy access to the region’s extensive transportation network, including air and seaports, plus access to direct rail service with a link to the port of Palm Beach. The building is available now for lease.

Hernandez Construction served as general contractor on the project. The architect was Horton, Harley & Carter, Inc. (HCC), and Colliers International is handling marketing and leasing. The initial investment in the project was approximately $45 million.

Ambrose Property Group announced today that it has added Erin Shepherd as vice president of asset management.

Erin Shepherd joins Indianapolis-based industrial, logistics and e-commerce developer and investment manager

INDIANAPOLIS – Ambrose Property Group announced today that it has added Erin Shepherd as vice president of asset management.

As vice president of asset management, Shepherd will provide leadership in the ongoing management and operation of Ambrose’s asset portfolio, including speculative and build-to-suit developments. She will also serve as lead relationship manager for all building users within Ambrose-owned properties.

Shepherd brings more than ten years of experience in property finance and asset management. This includes nearly six years at Cushman & Wakefield and five years at Strategic Capital Partners where she most recently served as vice president of asset management. Shepherd is a certified property manager (CPM) by the Institute of Real Estate Management and holds a Bachelor of Science in accounting and business / management from the Kelley School of Business at Indiana University.

“Erin brings years of experience with industrial asset management leadership, which will be invaluable as we continue to grow our platform,” said Grant Goldman, Ambrose executive vice president of development. “We are excited for her to join the team and look forward to Erin’s continued leadership within both Ambrose and the real estate industry.”

Shepherd is the president-elect of the Indiana Chapter of NAIOP and head of the organization’s events committee, in addition to being selected to the NAIOP Research Foundation’s 2024-2026 Visionaries Class Founded in 2017, the Visionaries program connects rising professionals within the commercial real estate industry with Research Foundation Governors to develop practical research and education that allows commercial real estate owners and developers to successfully capitalize on new trends and address challenges in the industry. Individuals are selected based on their career accomplishments, history of involvement with NAIOP and a demonstrated interest in the Research Foundation’s mission. Erin also serves on the Board of Directors for BOMA Indiana.

Amazon plans to build another facility in Pasco – one that’s expected to open later this year and bring more than 150 new full- and part-time jobs to the area.

On Tuesday, the Vigo County Redevelopment Commission revealed that Amazon is the company behind the project, which will add a new delivery center to the park.

Junior Achievement of Central Indiana on Wednesday announced the finalists for the 2024 Indy’s Best and Brightest event.