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Indianapolis Core Distribution Portfolio sale closed by Colliers International

4124 Allpoints Dr

Colliers International has closed the sale of three brand new, state-of-the-art, modern bulk buildings located in the Plainfield and Whitestown submarkets of Indianapolis, Indiana. The 1,816,674-square-foot portfolio includes AllPoints Midwest Building 8, situated within the 950-acre master-planned AllPoints Midwest distribution park in Plainfield, in addition to AllPoints at Anson 8A and AllPoints at Anson 7B, which are part of the 616-acre AllPoints at Anson industrial park in Whitestown. The buildings are home to tenants Brooks Sports, Ryder Logistics, Kuehne + Nagel, and TF Distributing.

1301SmithRd_PR_1536x1040 4255 S 500 East

The deal team led by Alex Cantu, Steve Disse and Jeff Devine with Colliers International led the transaction for the seller, a joint venture including Browning Development. CBRE Global Investors, a real assets investment management and advisory firm purchased the portfolio. 

The buildings were developed in 2017 and 2018 to the top of competitive standards and include 36 ft clear height, ESFR fire protection, LED lights with motion sensors, state-of-the-art dock packages, and 45 mil TPO roofs. The developer’s thoughtful park design building layout and tenant base were critical to the successful execution. The portfolio consists of one remaining vacancy of 154,665 square feet. Jimmy Cohoat and Jason Speckman of Colliers International are handling the leasing assignment on behalf of CBRE Global Investors.

The transaction represents CBRE Global Investors’ second transaction in Indianapolis in 2019 following their purchase of the 483,812-square-foot MetroAir 2 & 6 portfolio from local developer, Strategic Capital Partners.


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

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Steven Disse

Principal

Chicago - Rosemont

I have been with Colliers International for 29 years and serve as a principal of the Chicago office. I focus on investment sales of institutional quality industrial and office properties in Chicago and the Midwest ranging in value from $5 million to $300 million. I team with Jeff Devine to form Chicago’s most active industrial investment sales team. Our team consistently holds a 50 to 60 percent market share of Chicago area industrial investment sales and has closed over $1.5 billion in sales over the last 24 months. This past year, Steve and I received the 2019 NAIOP Industrial Investment Transaction of the Year Award for brokering the sale of the Fountain Square Commerce Center in Bolingbrook, IL.t.

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Jeff Devine

Principal

Chicago - Rosemont

I serve as Executive Managing Director for Capital Markets and a Principal owner of the Colliers | Chicago office, focusing on investment sales of Class A and B industrial properties in Chicago and the greater Midwestern US, ranging in value from $5 to $500 million. I joined Colliers in 1995 as an analyst for the firm’s Development Group and have ascended to be a Principal of the Chicago office of Colliers International.

I  work with Steve Disse to service institutional real estate investors in Chicago and surrounding Midwest cities. Together, we are consistently recognized as the top industrial capital markets professionals in Chicago. Our team consistently holds the majority market share of Chicago area industrial investment sales and has closed over $1.5 billion in sales over the last 24 months. For the past two years (2019&2020) Steve and I received the NAIOP Industrial Investment Transaction of the Year Award for large industrial portfolios sold in the Chicago market on behalf of Conor Commercial and Centerpoint Properties.  

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