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Transactions - SEPTEMBER 28, 2021

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Cambridge Holdings pays $43m for distribution facility near Indianapolis

by Released

Ambrose Property Group has sold Westpoint II, a new, 507,600-square-foot, class A industrial facility located in the Indianapolis-area community of Mooresville, Ind., to Cambridge Holdings for $43 million.

It is fully leased to Deckers Outdoors Corp., a leading lifestyle and footwear retailer. Completed in 2021, the facility has institutional-quality features, including 36-foot clear heights, 50 dock-high doors with full kits plus 70 knock-out doors, ESFR fire protection and LED lighting. The building is part of Westpoint Business Park, a 550-acre master-planned park that will feature more than 9 million square feet of class A industrial product and, upon completion, rank as one of the largest distribution assets in the state.

Located at 2633 Westpoint Blvd. in Mooresville, Westpoint II is approximately 22 miles from downtown Indianapolis and within Indianapolis’ Southwest Industrial submarket, a favorite bulk distribution and logistics hub with excellent access and

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