MIAMI-DADE, Fl. — Data center developer and operator EdgeConneX sold a property in the Beacon Station business park in western Miami-Dade County…
MIAMI-DADE, Fl. — Data center developer and operator EdgeConneX sold a property in the Beacon Station business park in western Miami-Dade County…
WHITESTOWN, Ind. — The company working to upgrade the Indianapolis Logistics Park (ILP) on Indy’s northwest side just announced a major update to construction…
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.
INDIANAPOLIS – The Indiana Chamber of Commerce on Wednesday unveiled the rankings of the 2025 Best Places to Work in Indiana…
Ambrose Property Group vice president for asset management accepts lifetime distinction…
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INDIANAPOLIS – Ambrose, a leading investor, developer, and operator of industrial, logistics and e-commerce real estate, today announced the final close of Ambrose Fund IV, LP (“Ambrose IV” or the “Fund”). Ambrose raised $400,625,000 through equity commitments to the Fund and related vehicles. The Fund represents Ambrose’s largest fund to date and reflects the evolution of its investor base, which comprises a diverse mix of public pension funds including the Indiana Public Retirement System (INPRS), insurance companies and family offices, such as Jordan Park.
Ambrose IV will target speculative and build-to-suit development and acquisitions of Class A industrial, logistics and e-commerce assets across the U.S. – primarily in the Midwest, Mountain States and the Southeast. The Fund is approximately 50% deployed with a strong pipeline of new development and acquisitions. The Fund has launched construction on 12 projects across Florida, Louisiana, Indiana and Ohio, as well as acquired a cash flow-generating three-building portfolio in Denver with compelling near-term value creation opportunities. The Fund has also acquired four land positions across Ohio and Indiana at an attractive, below-market land basis, with the potential to support six additional development projects.
Aasif Bade, Founder and CEO of Ambrose, said, “Completing our largest raise to date and making significant strides toward investor diversification in this challenging fundraising environment reflect both the strength of our incredible team of internal and external partners and our successful track record. Our fund strategy is supported by compelling secular tailwinds, including the increasing absorption of the glut of pandemic-era industrial development; decreasing new construction due to high interest rates and capital constraints; and consistently growing demand for efficient, well-located Class A industrial, logistics and e-commerce product. Given our deployment timelines, we expect the vintages in this portfolio will be well timed to capitalize on anticipated decreases in supply across our target markets over the next few years.”
Since its founding in 2008, Ambrose has built an impressive track record of developing projects on time and on budget, having completed $2.9 billion in industrial assets since 2020 comprising 61 projects and 19.4 million square feet. Moreover, Ambrose has a robust pipeline of strategically located entitled and powered land that is well positioned to benefit from increasing demand for warehousing, manufacturing and data center space.
James Mattingly, Director of Real Assets at INPRS, said, “Over the past 15 years, INPRS has watched Ambrose grow their business into an institutional platform that generates incredible returns for its investors. It is impressive what they have been able to accomplish, specifically with regard to Fund IV and during what has been a challenging economic period within the market. We are proud to be their largest investor to date and look forward to partnering together in generating continued high returns for the members we serve across Indiana.”
Hodes Weill Securities acted as financial advisor and placement agent for Ambrose in connection with the formation and capitalization of the fund. Goodwin Procter, LLP served as legal advisor.
(INDIANAPOLIS) — The 2025 Best Places to Work in Indiana list features honorees from all corners of the state and more than 20 industries.
INDIANAPOLIS, IN — This prestigious award honors professionals who have demonstrated leadership, career excellence, and a commitment to making a difference in the community.
BAZETTA, OH — $30 million facility expected to bring 120 full-time jobs