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Ambrose Breaks Ground on 16-Acre Indianapolis Industrial Park
Ambrose has broken ground on Indianapolis Logistics Park – South, a 16-acre, two-building industrial park in Greenwood, Indiana, a suburb located directly south of Indianapolis.
Building I will offer approximately 105,000 square feet of space for lease, including a 2,900-square-foot office area; and building II will feature approximately 150,000 square feet, including a 3,200-square-foot office area. Both buildings are being developed on a speculative basis, featuring 32-foot clear heights.
The general contractor on the project is Compass Commercial Construction, with design services provided by Curran Architecture and Kimley-Horn. The Indianapolis-based JLL team is handling leasing and marketing for the property. Ambrose has partnered with Pinnacle Bank on the construction loan.
“Indianapolis continues to show encouraging industrial momentum, with demand strengthening for modern, high-quality space that can support a range of logistics, distribution and manufacturing needs,” said Stephen Lindley, Senior Vice President of Investments, Ambrose. The site is also approximately 25 minutes from the Indianapolis International Airport and the world’s second-largest FedEx hub.
