News release

Midwest e-commerce assets attract insatiable investor demand

JLL Capital Markets closed the sale of a new cross-dock facility in a highly sought-after Indianapolis submarket

January 28, 2021

CHICAGO, Jan. 28, 2021 – JLL Capital Markets announced today that it has closed the sale of Building I at Mount Comfort Logistics Center, a newly constructed, Class A, 660,384-square-foot industrial cross-dock facility net leased to an investment-grade e-commerce tenant in the suburban Indianapolis community of Greenfield, Indiana.

JLL marketed the property on behalf of the seller, Indianapolis-based Ambrose Property Group.

“We appreciate JLL’s efforts in executing this transaction and look forward to the continued development taking place within Mount Comfort Logistics Center,” said Ambrose President and Chief Investment Officer Jason Sturman.

Mount Comfort Logistics Center Building I is the first building within a greater master-planned logistics park and serves as a mission-critical location for its tenant, an e-commerce leader. Constructed in 2020 with modern, state-of-the-art features, the building configuration allows the tenant to streamline the flow of goods into its fulfillment center network. Other Class A features include a 36-foot clear height, 178 dock-high doors, two drive-in doors, LED lighting, TPO roof and substantial trailer and car parking. Ambrose is also now completing the 505,000-square-foot Building II at Mount Comfort Logistics Center and has 2.2 million square feet of additional product in planning within the park.

Situated on 86.6 acres at 4412 W. County Road 300 North, Mount Comfort Logistics Center Building I is near downtown Indianapolis and the Indianapolis airport. In addition to access to a bevy of major throughways that cross the Indianapolis MSA, the facility has immediate access to Interstate 70, one of the most active e-commerce distribution nodes in the country, via the four-way interchange at Mount Comfort Road. The property is within the Hancock County/Greenfield Industrial submarket, which is highly sought-after by both bulk distribution tenants and institutional owners.

JLL Research’s 2021 Midwest Industrial Outlook report details how the Midwest and, in particular, Indianapolis is experiencing a surge in industrial investment. JLL started to see interest in 2020 from investors looking to enter the Indianapolis market. Retail (e-commerce), 3PL’s, logistics and distribution are the industries that will continue to drive most of the modern bulk activity in Indianapolis markets.

The JLL Capital Markets team representing the seller was led by Senior Managing Director and Co-Head of JLL’s Industrial Capital Markets group John Huguenard and Ed Halaburt along with Managing Director Jake Sturman, who is part of the JLL Agency Leasing team.  

“The depth of investor demand for this transaction exceeded expectations and had significant interest from a diverse pool of both domestic and foreign capital sources,” Halaburt said.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Ambrose Property Group

Ambrose Property Group is a regionally recognized leader in industrial real estate ownership, development and redevelopment. Headquartered in Indianapolis and founded in 2008, Ambrose provides the best user experiences in industrial and e-commerce real estate with the target of perfect project execution driven by an entrepreneurial mindset. Learn more at