JLL arranges the sale of Westpoint Business Park, Building IV, near Indianapolis

CHICAGO, Sept. 21, 2026 – JLL Capital Markets announced today that it has arranged the sale of Westpoint Business Park, Building IV, a 500,406-square-foot, Class A mission-critical sustainable food packaging building at 2630 Westpoint Blvd. in Mooresville, Ind.

JLL represented the seller, Ambrose, in the transaction. SkyREM acquired the asset.

Completed in 2022, Westpoint Business Park, Building IV is a LEED Silver-certified, mission-critical sustainable food packaging building situated on approximately 42.7 acres within the master-planned Westpoint Business Park. The cross-dock facility is 100% leased to a leading packaging and manufacturing company and features a 40-foot clear height, 52 dock-high doors, three drive-in doors, a 140-foot truck court, 319 automobile parking spaces and 60 trailer parking positions with the ability to accommodate future expansion. The property also includes 12,417 square feet of office space and was designed to support high-volume manufacturing and distribution operations.

The facility supports food-grade packaging and manufacturing, a use governed by stringent sanitation, traceability and quality-control standards tied directly to food safety and food security. Industrial space capable of meeting those requirements are scarce, and the tenant improvements required to qualify and operate the space make Westpoint Building IV a mission-critical node in a nationally significant food supply chain rather than interchangeable distribution square footage.

The asset is positioned within the Interstate 70 logistics corridor in Hendricks County, one of the Indianapolis region's most active industrial locations. The property offers immediate access to Interstate 70 via the State Road 39 interchange and is approximately 11 miles from Indianapolis International Airport and the FedEx Express World Hub. Interstates 65, 69, 70 and 74 are all accessible from the location, supporting regional and national distribution. The Hendricks County labor base provides an established pool of logistics and manufacturing workers.

The JLL Capital Markets team was led by Senior Managing Director John Huguenard, Managing Director Ed Halaburt, Director Will McCormack and Associate Cameron Chandra.

"As a proven, pure-play market where nearly all industrial inventory is dedicated distribution space, Hendricks County provides the ultimate environment for a highly specialized facility like Westpoint Building IV," Huguenard said. "The buyer recognized that acquiring an institutional asset within this highly concentrated logistics ecosystem secures a mission-critical footprint with exceptional, long-term operational stability."

The acquisition further expands SkyREM's growing national portfolio of industrial, manufacturing and logistics properties in key U.S. distribution markets.

"Westpoint Building IV represents exactly the type of investment SkyREM is seeking: modern, mission-critical industrial real estate in a major U.S. logistics market with strong long-term fundamentals," said Jacob Dembitzer of SkyREM. "The acquisition expands our industrial portfolio and reflects our continued commitment to investing in high-quality manufacturing and logistics assets throughout the United States."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Ambrose is a vertically integrated investment manager focused exclusively on acquiring, developing and operating modern industrial, logistics and e-commerce real estate throughout the United States. Founded in 2008, the firm pairs institutional expertise with a people-first approach to drive performance and progress, partnering with leading global occupiers of logistics and manufacturing assets. The firm is headquartered in Indianapolis with offices in Fort Lauderdale, Denver and Cincinnati. For more information, visit ambrosepg.com.

SkyREM, with offices in New York and Philadelphia, is a privately owned and managed real estate investment company which owns and operates in excess of 12 million square feet across approximately 30 properties in 20 major U.S. industrial, logistics and trade-gateway markets, together with strategic land holdings and an integrated solar business. Investing as a principal for its own account, SkyREM continues to actively acquire industrial, manufacturing and logistics properties throughout the United States. To learn more about SkyREM please contact Jacob Dembitzer or James Pancetti at 929-286-4648, or visit www.skyrem.com.