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Colliers International Closes Sale of Crosspoint Plaza One

Crosspoint Plaza One
Colliers International has closed the sale of Crosspoint Plaza One, a four-story Class A office building located at 10475 Crosspoint Boulevard in Fishers, IN. The approximate 138,636-square foot building is conveniently located in the northeast Indianapolis corridor with immediate access to I-69 via the new 106th Street exit.

Alex Cantu and Alex Davenport with Colliers International Capital Markets Group along with Matt Langfeldt and Rich Forslund of the Office Services Team in Indianapolis, facilitated the transaction on behalf of the seller. The Property was purchased by Tempus Realty Partners, a real estate investment partnership based in Little Rock, AR.

Crosspoint Plaza One was originally a build-to-suit for Wiley Publishing, who recently vacated the building. The building is currently 20% occupied and new ownership plans to upgrade the property with modernized common areas, outdoor spaces, and a significant first floor conference facility.

Per Dan Andrews, a partner with Tempus, “We are excited to further increase and diversify our Indianapolis holdings with the recent purchase of Crosspoint Plaza One. We see Fishers as an important location for the workforce of Indianapolis and believe the current city administration is doing a fantastic job encouraging existing businesses and entrepreneurs to consider Fishers home. To that end we are excited to provide an experience at the property commiserate with the demands of today’s companies.”

The Crosspoint transaction represents the third acquisition for Tempus in the Indianapolis market over the past twenty-four months. Tempus Realty Partners is focused on acquiring and developing commercial real estate in the South, Southeast, and Midwest. Tempus owns several Class A office assets in the Indianapolis market, including One College Park and College Park Plaza.

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Alex Cantu

Executive Vice President

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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