Ambrose Property Group Announces Indianapolis Logistics Park – Northwest

INDIANA – 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.