Ambrose broke ground on Buildings V and VI of Indianapolis Logistics Park – Northwest, a 104-acre modern industrial park in Whitestown, Indiana, within the Greater Indianapolis market.
The construction of the properties on a speculative basis commences Phase II of the park’s master-planned development. Both properties are targeted for completion in summer 2027. This milestone follows the recent disposition of Building III at the park, which is fully leased to a global healthcare services and products company. The park’s other existing buildings are also fully occupied, with Building I occupied by Safavieh, Building II by KattSafe and Royal Interpack and Building IV by Amazon.
Once completed, Building V will offer approximately 182,000 SF of space for lease including 2,800 SF of office space with a minimum divisibility of 45,000 SF. The property, which is targeting LEED Silver certification, will feature a 32-foot clear height, a seven-inch-thick reinforced slab, 4,000 amps of power, dock-high and grade-level doors, and ample auto and trailer parking.
Building VI will offer approximately 765,000 SF of space for lease, including 2,800 SF of office space with a minimum divisibility of 380,000 square feet. The building, which is also targeting LEED Silver certification, will feature a 40-foot clear height, an eight-inch-thick unreinforced slab, 8,000 amps of power, dock-high and grade-level doors, and ample auto and trailer parking.
Situated within the Northwest industrial submarket of Indianapolis, the property is located just an eight-minute drive from I-465 via I-865, offering convenient connectivity to I-65, I-70, I-69, and I-74; and a 25-minute drive to Indianapolis International Airport, placing the property within a one-day’s drive of 50% of the U.S. population.
The general contractor on the project is Compass Commercial Construction, with design services provided by Curran Architecture and Kimley-Horn. The Indianapolis-based Colliers International team is managing leasing and marketing for the property. Ambrose has partnered with Fifth Third Bank on the construction loan. The offsite infrastructure work is being completed by The Peterson Company.
