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Citimark acquires 96 acres in Whitestown

Colliers assists Citimark in purchase of 3 parcels in Northwest Indianapolis Submarket

Colliers has closed the acquisition of three contiguous land parcels totaling 96 acres in Whitestown, Indiana.

The purchase consolidates 15.1 acres at 3444 S 450 East, 42.91 acres at 3267 S 400 East, and 38.18 acres at 3267 W 400 East into a sizable plot under the singular ownership of Citimark, an Indianapolis-based real estate investment company specializing in acquisitions, development, and asset management. The properties were purchased from three different landowners.

The Colliers Midwest Investment Services Team, led by Alex Cantu and Alex Davenport, collaborated with Andrea Hopper, Jimmy Cohoat, Jason Speckman and Brian Zurawski to facilitate the transaction on behalf of the buyer.

Citimark has an approved master plan to develop four modern bulk industrial buildings totaling 968,800 square feet with an adjacent 15-acre parcel reserved for multifamily housing. The 96-acre site is fully entitled and tax abated with convenient access to I-65 via Albert S White Drive. Ideally situated in the immediate path of progress, the location provides phenomenal access to local labor and connectivity to Indianapolis’s air, highway, and freight infrastructure.


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Alex Cantu

Vice Chair

Indianapolis

As leader of the Indianapolis Capital Markets and Investment team, Alex specializes in the disposition and acquisition of single-user and multi-tenant investment properties on behalf of institutional and private capital clients. Alex has been involved with transactions throughout the Midwest with a primary focus on the Indianapolis market. He has exclusively represented sellers of office, retail, and industrial product, as well as advised select investors on acquisitions. With his thorough knowledge of the investment markets and extensive background in asset and market analysis, Alex provides disposition expertise in pricing, market penetration, and targeting active buyers. 

Alex is a 4-time recipient within the coveted Colliers Everest Club – recognizing the top 10% of brokers, production-wise, across the entire U.S. 

Over the past 24 months, the Indianapolis Capital Markets Team has executed on $1 Billion in transactional volume.  Previously, Alex was part of the office landlord advisory group for NAI Olympia Partners. His extensive work with landlords and prospective tenants has given him an in-depth understanding of marketing, leasing, and driving value for his clients’ investments.
 

Team Website:  IndyCapitalMarkets.com

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Alex Davenport

Senior Vice President

Indianapolis

Alex Davenport specializes in capital markets advisory services and the acquisition and disposition of investment properties. On the firm’s Capital Markets team, Alex works with Alex Cantu to service private and institutional real estate investors in Indianapolis and the greater Midwest region. Since joining in 2016, he has been involved in executing over $1.50 billion in transaction volume encompassing over 20 million square feet of industrial, office and retail product throughout the Midwest. 

Alex is a graduate of Indiana University and holds a bachelor’s degree in Economics with a minor in Entrepreneurship & Small Business Management from IU’s Kelley School of Business.  At IU, he was active in his fraternity, Sigma Chi, coordinating special events and philanthropic activities – driving these events gave Alex beneficial insight and an appreciation of the critical start-to-finish details required for a successful outcome.

Alex lives a very active lifestyle – weightlifting, running, cooking and traveling.

Team Website:  IndyCapitalMarkets.com

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Andrea Hopper

Senior Vice President

Indianapolis

Andrea Hopper is a member of the high-profile Indy Industrial Advisors Team — of Jimmy Cohoat SIOR, Andrea Hopper SIOR, Jason Speckman SIOR, and Tyler Wilson SIOR.  The Team specializes in large-scale industrial assignments in Central Indiana and representing corporate clients across North America.  Over the past 20 years, Andrea has completed more than 500 transactions totaling over 23 million SF ― as well as over 1,000 acres of land slated for industrial development.
 
Andrea has extensive experience in assessing and negotiating lease transactions as well as identifying land sites for future industrial development.  A key strength is her ability to fully assess both a client’s project-specific requirements, plus the  long-term growth strategy, to develop and execute plans to address the dual critical paths. 

Andrea began her real estate career in brokerage, specializing in industrial services and worked as part of a Corporate Services Group. She then stepped over to the developer side, working for institutional owners such as First Industrial and Prologis.  At Prologis, she served as Market Representative for Indianapolis and co-managed a 55-building portfolio totaling 10.5 MSF with over 200 tenants.

Andrea is a recipient of the Peak Performance Brokerage award for Indianapolis office in recognition of strong production as well as established best practices and contributions to the office’s industrial team initiatives.  She is actively engaged in diverse community efforts, including Leadership Hendricks County and Dress for Success-Indianapolis.

Team website:   https://www.indyindustrialadvisors.com/

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Jason Speckman

Executive Vice President

Indianapolis

Jason Speckman is a member of the high-profile Indy Industrial Advisors Team — of Jimmy Cohoat SIOR, Andrea Hopper SIOR, Jason Speckman SIOR, and Tyler Wilson SIOR.  The Team specializes in industrial leasing representation and acquisition / disposition services for businesses and property owners throughout Indiana with a specific focus on the Indianapolis MSA.  Since 2011, he has closed over 1,600 transactions exceeding $900 million in value.  For 9 years, Jason and his team have earned the firm’s “Most Transactions” award and Jason has twice earned its “Top Associate Producer” award.

Jason’s key strengths are his ability to thoroughly assess needs and implement plans to exceed clients’ goals. He possesses exceptional communication, collaboration and analytical skills, which have proven successful toward building and sustaining client relationships; collaborating on marketing strategies for key assignments; consulting with and advising private and institutional clients; managing long-term transactions; and representing institutional real estate portfolios.

He is actively engaged in various community efforts.  Jason currently serves on the Board of Directors for Leadership Hendricks County.  He is Past President of the organization and still sits on its Resource Development Committee.  Jason has served as Admission Chair for SIOR,  Indiana/Kentucky Chapter and is also a past Board Member of NAIOP  Indiana Chapter.

Team website:  https://www.indyindustrialadvisors.com/

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Jimmy Cohoat

Senior Vice President

Indianapolis

A member of the Indy Industrial Advisors team, Jimmy Cohoat SIOR provides corporate real estate advisory services for industrial and corporate account clients, specializing in Modern Bulk Industrial product, representing tenants, landlords and investors across the country.  Since joining the firm in 2014 he has represented clients in transactions exceeding $600,000,000. 

Prior to joining the firm, Jimmy worked in public accounting with one of the big four accounting firms, Deloitte. Serving in the audit practice, Jimmy acquired and perfected project management and financial analysis skills while managing quarterly and annual audits of both publicly traded and privately held companies. These valuable experiences enable him to better understand how all decisions can affect a company’s bottom line.

In 2018, Andrea and Jimmy earned the Peak Performance Brokerage award for Indianapolis office in recognition of their strong production as well as their established best practices and contributions to the office’s industrial team initiatives. He was the top Industrial Producer in the Indianapolis office in 2018 and in the top 10% of Producers for Colliers nationally, earning him recognition in the firm’s Everest Club.

Jimmy is a graduate of Purdue University’s Krannert School of Management, earning a degree in accounting while also obtaining his Certificate of Advanced Accountancy.

He is an active volunteer at Cathedral High School and also works to support the local Evans Scholarship Programs.

Team website:  https://www.indyindustrialadvisors.com/

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Brian Zurawski

Executive Vice President

Indianapolis

Brian Zurawski, SIOR specializes in multi-market Corporate Services with a strong focus on logistics and corporate facilities on a regional and global scope. His notable strengths are site selection analysis & advisory services, working collaboratively with corporate real estate heads, local/state economic development officials, and incentive procurement advisors. Brian conducts in-depth due diligence & analysis on key factors required by Fortune 500 companies to make sound decisions regarding multi-million dollar manufacturing / distribution facilities – location, number of facilities required, size, & operational requirements. Brian has worked on projects throughout the U.S. and in Mexico, Canada, Asia, Europe, Australia, and Africa.

He is an invaluable asset to the firm through his significant contributions in various leadership roles. He currently serves as Co-Market Leader for the Indianapolis office, overseeing the firm’s strategic initiatives and key business units. Previous roles include a lead advisory capacity of the firm’s Property Management division. Additionally, he has led the brokerage operations and managed the company’s infrastructure. In 2007, he directed the firm’s selection, planning, testing and launch of an industry-tailored CRM platform and project management tool.

Brian has earned impressive awards including Inductee into the Colliers Everest Club, recognizing the top 10% of brokers across the U.S. based on sales volume and Midwest Real Estate News Hall of Fame. His numerous Colliers Indianapolis Awards include: 4-time Top Overall Producer, 2nd Highest Producer, Largest Transaction, Top Producing Team, and Peak Performance Broker Award.

Previously, Brian worked at Celadon Group, a leading international transportation company, where he managed project development and real estate interests on an international basis.

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