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Colliers Closes Acquisition of 205,399 SF Industrial Portfolio in Indianapolis

5701 Elmwood Ave_PR_Hero_1536x1040

Three building portfolio trades in Indy’s southeast submarket

Colliers has closed the sale of 5621 and 5701 Elmwood Avenue, a 205,399 square foot Class B multi-tenant industrial portfolio located along I-465 in the southeast Indianapolis submarket.

The Colliers Midwest Investment Services Team, led by Alex Davenport and Alex Cantu facilitated the transaction on behalf of the buyer, Legacy Capital Partners, a private equity real estate investment firm focused on acquiring and operating industrial, flex, and office assets through a value-add and core-plus strategy in select markets nationwide. Over the last 18 months, Legacy Capital Partners has transacted on more than 1.2 million square feet in the Indianapolis market.

Three buildings are situated on the 16.24-acre site, which is home to a dozen tenants including Colerain RV and Marine Center of Indiana. The property sits immediately off I-465, providing excellent interstate visibility and unbeatable connectivity to Indianapolis’ highway infrastructure.

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Alex Davenport

Senior Vice President


Alex Davenport specializes in capital markets advisory services ― the acquisition and disposition of investment properties. Of the Midwest Investment Services team, Alex works with Alex Cantu and Anisha Yadav in the Indianapolis office as well as other Colliers professionals to service private and institutional real estate investors across 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 has earned impressive performance awards. In particular, he is an inductee into the coveted Colliers Everest Club, recognizing the top 10% of Colliers brokers in the U.S. based on sales volume ― and a 2-time recipient of the Capital Markets Broker of the Year award from NAIOP Indy.  For the Colliers Indianapolis office, his awards include:  2nd Top Producer Overall, Top Producing Team, and Peak Performance Award.

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.

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Alex Cantu

Vice Chair


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.

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