SkyREM Buys Mission-Critical Food Packaging Plant Near Indianapolis for Undisclosed Sum

The 500,406-square-foot facility is fully leased to a leading packaging firm and sits within the Interstate 70 logistics corridor in Hendricks County.

By the Family Office Real Estate Daily Desk·Thursday, September 24, 2026·2 min read

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The answer · checked against JLL

Who bought the Westpoint Business Park food packaging building near Indianapolis and what are the property details?

JLL Capital Markets arranged the sale of Westpoint Business Park, Building IV, a 500,406-square-foot LEED Silver-certified food packaging facility in Mooresville, Indiana, from Ambrose to SkyREM. The 100%-leased, Class A cross-dock building, completed in 2022 and situated on approximately 42.7 acres, is positioned within the Interstate 70 logistics corridor in Hendricks County. The sale price was not disclosed.

Key facts

JLL Capital Markets represented seller Ambrose in the sale of Westpoint Business Park, Building IV, a 500,406-square-foot facility at 2630 Westpoint Blvd. in Mooresville, Indiana, to SkyREM.
Westpoint Business Park, Building IV was completed in 2022, is LEED Silver-certified, and sits on approximately 42.7 acres within the master-planned Westpoint Business Park.
The facility is 100% leased to a leading packaging and manufacturing company and features a 40-foot clear height, 52 dock-high doors, a 140-foot truck court, and 12,417 square feet of office space.
The property is located approximately 11 miles from Indianapolis International Airport and the FedEx Express World Hub, with access to Interstates 65, 69, 70 and 74.
Jacob Dembitzer of SkyREM said Westpoint Building IV represents 'modern, mission-critical industrial real estate in a major U.S. logistics market with strong long-term fundamentals.'
SkyREM 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, according to the company.

SkyREM Buys Mission-Critical Food Packaging Plant Near Indianapolis for Undisclosed Sum — Image: editorial illustration · Story sourced from JLL

SkyREM acquired Westpoint Business Park, Building IV, a 500,406-square-foot mission-critical food packaging facility in Mooresville, Indiana, JLL announced. JLL represented the seller, Ambrose, in the transaction. Terms were not disclosed.

Completed in 2022, the LEED Silver-certified building sits 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. The property 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 building includes 12,417 square feet of office space.

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, according to the announcement.

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, he said.

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, he said.

The Deployment Angle

Family Office Real Estate Daily Desk · our analysis, not the source's

The acquisition supports a direct-ownership or programmatic joint-venture route rather than a passive LP commitment. The asset is modern, single-tenant, purpose-built and fully leased with specialized tenant improvements that create switching costs for the occupier. A family office underwriting mission-critical logistics should price in lease rollover risk tied to food-safety compliance: if the tenant vacates, re-tenanting requires either accepting a lower rent or funding costly refits to meet sanitation and traceability standards. The scarcity of qualified operators limits downside but also narrows the exit buyer pool.

Hendricks County sits at the intersection of four interstates and is 11 miles from Indianapolis International Airport and the FedEx Express World Hub. That infrastructure concentration supports long-term occupancy but also introduces competitive supply risk as the county is one of the Indianapolis region's most active industrial locations. Underwrite future rent growth conservatively if new construction in the corridor targets similar uses. The 42.7-acre site offers expansion capacity, which protects against tenant relocation but may require additional capital if the lease includes expansion rights at below-market pricing.

The deal structure is institutional: a 2022 completion, LEED Silver certification, and a JLL-led transaction signal that Ambrose built for stabilization and sale. SkyREM's acquisition further expands its national industrial portfolio, suggesting the buyer is aggregating scale rather than maximizing yield on a standalone basis. A family office co-investing alongside SkyREM or acquiring a similar asset should negotiate for control over capital expenditures and lease renewals, as portfolio-level strategies may prioritize occupancy over rent maximization. Avoid platform capital unless the sponsor's underwriting treats the asset as a permanent hold rather than a flip candidate within three years.

Questions this story answers

01Who sold Westpoint Business Park Building IV and who bought it?

Ambrose, a vertically integrated investment manager headquartered in Indianapolis and focused exclusively on industrial, logistics and e-commerce real estate, sold Westpoint Business Park, Building IV. SkyREM, a privately owned real estate investment company with offices in New York and Philadelphia, acquired the asset. JLL Capital Markets represented Ambrose in the transaction.

02What is the size and specification of the Mooresville Indiana food packaging facility SkyREM bought?

Westpoint Business Park, Building IV totals 500,406 square feet on approximately 42.7 acres. The Class A cross-dock facility features a 40-foot clear height, 52 dock-high doors, three drive-in doors, a 140-foot truck court, 319 automobile parking spaces, 60 trailer parking positions, and 12,417 square feet of office space. The building was completed in 2022 and is LEED Silver-certified.

03What is SkyREM's current industrial portfolio size?

According to SkyREM, the company 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, along with strategic land holdings and an integrated solar business. SkyREM invests as a principal for its own account.

04Why is this Indiana food packaging building considered mission-critical industrial real estate?

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

05Which JLL brokers led the sale of Westpoint Business Park Building IV?

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

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