Ambrose Property Group has started work on a project near Cincinnati/Northern Kentucky International Airport with an expected total investment to exceed $100 million.
Ambrose Property Group has started work on a project near Cincinnati/Northern Kentucky International Airport with an expected total investment to exceed $100 million.
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.
A 34,740-square-foot warehouse/distribution center that will employ 70 people next to William R. Fairchild International Airport will start construction Oct. 8, according to a wetland permit application submitted to the city of Port Angeles.
An Indianapolis-based development firm has broken ground on a $75 million industrial park in Whitestown that will feature three buildings totaling more than 700,000 square feet in the first phase of construction.
Ambrose Property Group announced today the new Indianapolis Logistics Park – Northwest (ILP-NW) in Whitestown, Indiana. Located along Interstate 65 just off the new 131 exit at CR 550 S, the park is ideally configured for bulk distribution and local and regional distribution and will feature three Class A industrial buildings with the potential for future park expansion.
Development on the first two buildings in the park began earlier this month. Both buildings will be 233,000 square feet and can be demised to accommodate tenant requirements as low as 40,000 square feet. They will be available for tenant fixturing by the end of 2024 with anticipated completion in Q1 2025. Both buildings will seek LEED (Leadership in Energy and Environmental Design) certification through the U.S. Green Building Council. A third 248,000-square-foot building site is currently available for build-to-suit.
“We are excited to expand Ambrose’s portfolio into the northwest submarket of Indianapolis in Whitestown,” said Ambrose Vice President of Development and Midwest Market Officer Stephen Lindley. “Indianapolis Logistics Park – Northwest is ideally positioned to attract modern logistics users, especially with its direct access to the new I-65 interchange at CR 550 South. We’re excited to bring new, state-of-the-art industrial real estate solutions to our clients and building users.”
In addition to the start of construction, Ambrose has signed a lease agreement with Kattsafe, a manufacturer of height access and fall production products. Kattsafe has existing operations in Whitestown on the west side of I-65 along Indianapolis Road and will occupy 93,781 square feet in Indianapolis Logistics Park – Northwest.
“As a company, we are committed to the State of Indiana and providing employment to Hoosiers wherever possible. Whitestown has been a great location for us, and we are glad that we are able to take the next step in building our larger sales and manufacturing facility that should support the next growth stage,” said Kattsafe North American CEO Wyatt Lynes. “We are committed to providing the products and systems that provide safe access to elevated areas such as rooftops. The U.S. statistics (fatalities of falls from height) are simply too high, and as a company we can play our part in reducing them. Our larger facility and office space allows us to deliver on our purpose; We Save Lives.”
Indianapolis Logistics Park – Northwest is located in Whitestown, Indiana, one of the state’s fastest-growing communities. According to the U.S. Census Cureau, Whitestown’s population has grown from less than 500 in 2000 to an estimated 13,000 as of July 2023, with the majority of that growth occurring in the past decade. This residential growth has been coupled with significant retail and industrial developments, primarily along I-65, with anticipated continued growth over the next decade.
The park offers immediate access to I-65 via the new Exit 131 diverging diamond interchange at CR 550 South, which opened in June 2023.
The general contractor for the buildings is Compass Commercial Construction Group. Design partners are Curran Architecture and Kimley-Horn. The Indianapolis office of CBRE will handle marketing and leasing for the park. Ambrose has partnered with Horizon Bank and Home Bank on the construction loan. Ambrose’s total investment in this development is expected to exceed $75 million.
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.
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.