Skip to main content Skip to footer

Sale Leaseback of 90,314 SF Industrial Facility for Jobsite Supply

1850OliverAve_PR_Hero_1536x1040

Colliers has has advised on the sale leaseback of Jobsite Supply’s 90,314 square foot warehouse facility located at 1940 Oliver Avenue in Indianapolis, Indiana. The facility sits on a 7.5 acres of which over 4 acres provide zoned outside storage and is located one half mile from I-70 and less than two miles from downtown’s Central Business District. The Class B industrial warehouse was built in 1981 and features 24 foot clear height, potential rail access, and more than 10,000 square foot of office space.

Alex Cantu and Alex Davenport of the Colliers Midwest Capital Markets Team and John Demaree and Brad Williams with Colliers Indianapolis facilitated the transaction on behalf of Jobsite Supply. The asset was purchased by Exeter Property Group, a real estate investment management firm focused on industrial properties across North America and Europe.

Jobsite Supply’s Engineered Products Group, a leader in prefabrication of concrete forming and shoring systems, will occupy the facility on a new 12 year lease in the facility. Headquartered in Indianapolis, Jobsite Supply has been in operation for over 35 years and serves all of North America.



Related Experts

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

View expert

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

View expert