Ambrose Completes Sale of Fully Leased Indianapolis Cold Storage Facility

Ambrose has completed the sale of Building III at Mount Comfort Logistics Center, a ten-building, 437-acre modern industrial park located in the East industrial submarket of Indianapolis.

The 297,769-square-foot facility is fully leased to a third-party logistics firm that specializes in cold storage. The buyer was a locally based private investor. Ambrose was represented and advised in the transaction by Alex Cantu and Alex Davenport of the Indianapolis-based Colliers Capital Markets team.

“This building’s expert design, in-place tenant and proximity to the abundant labor pools, positive economic activity and major transportation nodes of Greater Indianapolis positioned this asset for a successful exit and accretive long-term value for incoming ownership,” said Erin Shepherd, Vice President of Asset Management at Ambrose. Developed on a build-to-suit basis in 2023 for PL Cold, an affiliate of Progressive Logistics, the property features 223,000 square feet of freezer and cooler space and 40 docks.

Mark Goode to Receive Lifetime Achievement Award at Connect Industrial Midwest on Tuesday, March 2, 2027, at Joe’s Live in Rosemont.  Following the presentation, Mark Goode will sit down for a special keynote interview with his son, Matt Goode.