{"id":1004812633,"date":"2026-09-21T11:51:14","date_gmt":"2026-09-21T19:51:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004812633"},"modified":"2026-09-21T11:51:16","modified_gmt":"2026-09-21T19:51:16","slug":"ambrose-sells-indianapolis-industrial-asset-for-38m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ambrose-sells-indianapolis-industrial-asset-for-38m\/","title":{"rendered":"Ambrose Sells Indianapolis Industrial Asset for $38M"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6ab1a2bf15f52&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004812634\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ambrose-sells-indianapolis-industrial-asset-for-38m\/indianapolis-logistics-park-northwest\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Indianapolis-Logistics-Park\u2013Northwest.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Indianapolis Logistics Park\u2013Northwest\" data-image-description=\"&lt;p&gt;Image sent with press release from Marisa Medici from icrinc&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Ambrose completed Building III at Indianapolis Logistics Park\u2013Northwest in 2025. Image courtesy of Ambrose&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Indianapolis-Logistics-Park\u2013Northwest.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Indianapolis-Logistics-Park\u2013Northwest.png\" alt=\"rendering of Building III at Indianapolis Logistics Park\" class=\"wp-image-1004812634\" style=\"width:389px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Indianapolis-Logistics-Park\u2013Northwest.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Indianapolis-Logistics-Park\u2013Northwest.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Indianapolis-Logistics-Park\u2013Northwest.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Ambrose completed Building III at Indianapolis Logistics Park\u2013Northwest in 2025.<em> Rendering courtesy of Ambrose<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Ambrose Property Group has sold Building III of Indianapolis Logistics Park in Whitestown, Ind., to a private REIT for $37.6 million. CBRE National Partners represented the seller in the transaction.<\/p>\n\n\n\n<p>Ambrose completed the 233,348-square-foot building in 2025. In July 2025, Cardinal Health signed a lease for the entire distribution center, according to Yardi Matrix. The asset is part of the larger, four-building, 96-acre Indianapolis Logistics Park\u2013Northwest that Ambrose developed.<\/p>\n\n\n\n<p>In 2024, the seller received a $26.8 million construction loan from Horizon Bank that is set to mature in 2027, Yardi Matrix shows. Building III includes grade-level and dock-high doors, 32-foot clear heights, nearly 14,000 square feet of office space and 135-foot truck courts. The building is also LEED Silver certified, with ESFR sprinklers and LED lighting.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/foreign-capital-shifts-cre-priorities\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/foreign-capital-shifts-cre-priorities\/\">Foreign Capital Shifts CRE Priorities<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located at 5163 Perry Worth Road in Whitestown, the Indianapolis Logistics Park is right off Interstate 65 and 20 miles outside of Indianapolis. Indianapolis International Airport is approximately 25 miles away from the distribution center.<\/p>\n\n\n\n<p>CBRE National Partners Vice Chairmen Zach Graham and Ryan Bain advised and represented Ambrose in the transaction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-another-indianapolis-sale-for-ambrose\">Another Indianapolis sale for Ambrose<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6ab1a2bf17566&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignleft size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004812636\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ambrose-sells-indianapolis-industrial-asset-for-38m\/wp_buildingiv-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/WP_BuildingIV-2.jpg\" data-orig-size=\"3000,2000\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;16&quot;,&quot;credit&quot;:&quot;\\u00a9Lesle Lane for Studio 13&quot;,&quot;camera&quot;:&quot;Canon EOS 5DS&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1684682957&quot;,&quot;copyright&quot;:&quot;\\u00a9Lesle Lane\\r\\u00a9Studio 13, Inc\\r317-440-6232&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"WP_BuildingIV (2)\" data-image-description=\"&lt;p&gt;Image sent with press release from Marisa Medici from icrinc&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Building IV at Westpoint Business Park spans 500,406 square feet and is fully leased to Schwarz. Rendering courtesy of Ambrose&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/WP_BuildingIV-2.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"683\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/WP_BuildingIV-2.jpg?w=1024\" alt=\"Rendering of Building IV at Westpoint Business Park\" class=\"wp-image-1004812636\" style=\"width:374px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/WP_BuildingIV-2.jpg 3000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/WP_BuildingIV-2.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/WP_BuildingIV-2.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/WP_BuildingIV-2.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/WP_BuildingIV-2.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/WP_BuildingIV-2.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Building IV at Westpoint Business Park spans 500,406 square feet and is fully leased to Schwarz. <em>Rendering courtesy of Ambrose<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The Whitestown sale follows another Indianapolis-area disposition for Ambrose earlier this month. The company sold Building IV at Westpoint Business Park in Mooresville, Ind., to SkyREM for an undisclosed amount.<\/p>\n\n\n\n<p>The 500,406-square-foot property was completed in 2022 and is fully leased to Schwarz, a packaging and manufacturing company, according to Yardi Matrix. <\/p>\n\n\n\n<p>Westpoint Business Park spans 555 acres in Mooresville. Ambrose also developed the park&#8217;s 507,600-square-foot Building II, which the company <a href=\"https:\/\/www.commercialsearch.com\/news\/new-indianapolis-area-industrial-facility-fetches-43m\/\">sold to Cambridge Holdings<\/a> for $43 million in 2021.<\/p>\n\n\n\n<p>Ambrose\u2019s disposition of Building III in Whitestown and Building IV in Mooresville follows other recent investment activity in the <a href=\"https:\/\/www.commercialsearch.com\/news\/indianapolis-industrial-market-update\/\">Indianapolis market<\/a>. Last month,<a href=\"https:\/\/www.commercialsearch.com\/news\/jll-income-property-trust-expands-with-1-1-msf-indiana-buy\/\"> JLL Income Property Trust acquired<\/a> the 1.1 million-square-foot Whitestown Distribution Center IV for approximately $137 million. The facility is fully leased to Subaru.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s the second industrial sale for the company this month. <\/p>\n","protected":false},"author":3749,"featured_media":1004812634,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1590,21748,21783,13,21742],"tags":[39801,32789],"class_list":["post-1004812633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indianapolis","category-industrial","category-investment","category-midwest","category-latest","tag-ambrose-property-group","tag-cbre"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ambrose Sells Indianapolis Industrial Asset for $38M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Ambrose Property Group, a developer based in Indianapolis, has sold Building III at Indianapolis Logistics Park in Whitestown, Ind.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ambrose-sells-indianapolis-industrial-asset-for-38m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ambrose Sells Indianapolis Industrial Asset for $38M\" \/>\n<meta property=\"og:description\" content=\"Ambrose Property Group, a developer based in Indianapolis, has sold Building III at Indianapolis Logistics Park in Whitestown, Ind.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ambrose-sells-indianapolis-industrial-asset-for-38m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-21T19:51:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-21T19:51:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/09\/Indianapolis-Logistics-Park\u2013Northwest.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mikayla Sciortino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-indianapolis-industrial-asset-for-38m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-indianapolis-industrial-asset-for-38m\\\/\"},\"author\":{\"name\":\"Mikayla Sciortino\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f119cdcafd70d8f34fc5aa340ed5382b\"},\"headline\":\"Ambrose Sells Indianapolis Industrial Asset for $38M\",\"datePublished\":\"2026-09-21T19:51:14+00:00\",\"dateModified\":\"2026-09-21T19:51:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-indianapolis-industrial-asset-for-38m\\\/\"},\"wordCount\":342,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-indianapolis-industrial-asset-for-38m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/09\\\/Indianapolis-Logistics-Park\u2013Northwest.png\",\"keywords\":[\"Ambrose Property Group\",\"CBRE\"],\"articleSection\":[\"Indianapolis\",\"Industrial\",\"Investment\",\"Midwest\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-indianapolis-industrial-asset-for-38m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-indianapolis-industrial-asset-for-38m\\\/\",\"name\":\"Ambrose Sells Indianapolis Industrial Asset for $38M - 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