Ambrose has acquired four industrial assets across the Midwest totaling more than 1 million square feet at a purchase price of more than $102 million. The properties comprise a variety of modern industrial facilities
Ambrose acquired three fully leased industrial facilities via an off-market deal from Artemis Real Estate Partners located in the key regional markets of Columbus, Ohio; Indianapolis; and Greater Louisville, Ky. Ambrose also acquired a temperature-controlled foodservice facility in Whitestown, Ind., from an Italian and specialty foods distributor. The facility is fully occupied under a long-term lease.
“These assets offered a compelling opportunity to acquire industrial properties well below replacement cost within core submarkets that feature strong economic fundamentals, high user demand and limited supply,” said Pat Walsh, Ambrose senior vice president of investments. “The significant mark-to-market opportunities, coupled with our in-house asset m
