{"id":1004818619,"date":"2026-11-12T10:05:52","date_gmt":"2026-11-12T18:05:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004818619"},"modified":"2026-11-12T10:05:53","modified_gmt":"2026-11-12T18:05:53","slug":"ambrose-sells-300-ksf-cold-storage-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ambrose-sells-300-ksf-cold-storage-facility\/","title":{"rendered":"Ambrose Sells 300 KSF Cold Storage Facility"},"content":{"rendered":"
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Building III at Mount Comfort Logistics Center in Greenfield, Ind., totals 297,769 square feet and is fully leased to cold-storage operator PL Cold. Image courtesy of Ambrose<\/figcaption><\/figure><\/div>\n\n\n

Industrial and logistics specialist Ambrose has sold Building III at Mount Comfort Logistics Center in Greenfield, Ind., part of the Indianapolis metro, for an undisclosed amount. The buyer was a locally based private investor, according to the seller.<\/p>\n\n\n\n

The 297,769-square-foot cold storage property was developed on a build-to-suit basis in 2023 for PL Cold, an affiliate of Progressive Logistics, which fully leases the facility.<\/p>\n\n\n\n

The facility features freezer and cooler space, 40 docks and VNA racking and ALTA Refrigeration EXPERT systems. As part of the Mount Comfort Logistics Center campus, the property has access to both I-70 and I-465.<\/p>\n\n\n\n

The deal comes on the heels of a similar disposition in the same market by Ambrose. In September, Ambrose sold Building III of Indianapolis Logistics Park<\/a> in Whitestown, Ind., a suburb of Indianapolis, to a private REIT for $37.6 million. Cardinal Health leases the entire asset.<\/p>\n\n\n\n

Ambrose also broke ground<\/a> recently on Buildings V and VI of Indianapolis Logistics Park-Northwest in Whitestown. The two facilities, which total about 947,000 square feet, are slated for completion in summer 2027.<\/p>\n\n\n\n

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LISTEN ALSO<\/strong>: Why Cold Storage Is Becoming More Specialized<\/a><\/p>\n\n\n\n

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The Indianapolis industrial market recorded approximately 2.1 million square feet of positive net absorption in the third quarter of 2026, while average asking rents increased about 6 percent year-over-year, according to CBRE’s third-quarter 2026 Indianapolis Industrial Market Report.<\/p>\n\n\n\n

Colliers\u2019 Alex Cantu and Alex Davenport represented Ambrose in the transaction.<\/p>\n\n\n\n

Cold storage investment remains active<\/h2>\n\n\n\n

The U.S. cold storage market<\/a> has experienced a surge in development in recent years, followed by softer demand. However, newer facilities have generally outperformed older properties. Modern cold storage facilities recorded their strongest year of positive absorption in 2025, while older facilities experienced record net move-outs.<\/p>\n\n\n\n

In May, Americold Realty Trust and EQT formed a $1.3 billion joint venture<\/a> with EQT\u2019s Active Core Infrastructure fund to own, operate and potentially develop cold storage warehouse facilities nationwide. Americold is contributing 12 cold storage facilities into the partnership, representing 124 million cubic feet of temperature-controlled capacity.<\/p>\n\n\n\n

Investors are also still interested in the specialized property type. In July, a MetLife Investment Management client acquired New Century Cold Storage<\/a>, a 291,000-square-foot cold storage facility in New Century, Kan. A joint venture between BGO and Yukon Real Estate Partners sold the rail-served property.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property came online in 2023.<\/p>\n","protected":false},"author":1023,"featured_media":1004818505,"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":[39801,35498],"class_list":["post-1004818619","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-colliers"],"acf":[],"yoast_head":"\nAmbrose Sells 300 KSF Cold Storage Facility - Commercial Property Executive<\/title>\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-300-ksf-cold-storage-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ambrose Sells 300 KSF Cold Storage Facility\" \/>\n<meta property=\"og:description\" content=\"The property came online in 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ambrose-sells-300-ksf-cold-storage-facility\/\" \/>\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=\"2026-11-12T18:05:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-12T18:05:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/MountComfortLogistics.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=\"Dees Stribling\" \/>\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-300-ksf-cold-storage-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-300-ksf-cold-storage-facility\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Ambrose Sells 300 KSF Cold Storage Facility\",\"datePublished\":\"2026-11-12T18:05:52+00:00\",\"dateModified\":\"2026-11-12T18:05:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-300-ksf-cold-storage-facility\\\/\"},\"wordCount\":401,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-300-ksf-cold-storage-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/11\\\/MountComfortLogistics.png\",\"keywords\":[\"Ambrose Property Group\",\"Colliers\"],\"articleSection\":[\"Indianapolis\",\"Industrial\",\"Investment\",\"Midwest\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-300-ksf-cold-storage-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ambrose-sells-300-ksf-cold-storage-facility\\\/\",\"name\":\"Ambrose Sells 300 KSF Cold Storage Facility - 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